HCMC – Thai and Vietnamese securities regulators agreed to strengthen cooperation in capital market development and share experience in managing new financial products during talks in Bangkok on May 28.
The meeting took place between Vietnam’s State Securities Commission (SSC) and Thailand’s Securities and Exchange Commission (SEC) during the official visit of Vietnamese Party General Secretary and State President To Lam to Thailand from May 27 to 29, reported the Vietnam News Agency.
SSC Chairwoman Vu Thi Chan Phuong met with SEC Chairman Wisit Wisitsora-at and officials from both agencies to discuss regulatory cooperation and market development.
Wisitsora-at congratulated Vietnam on its forthcoming upgrade from frontier market to emerging market status by FTSE Russell. He described Vietnam as an attractive destination for investment flows in Southeast Asia with strong growth prospects.
Phuong said cooperation between the two regulators had produced positive results in recent years as ties between Vietnam and Thailand deepen under their comprehensive strategic partnership.
She noted that major Thai investors are active in Vietnam’s stock market and that several Thai companies are completing procedures to list shares on the Hochiminh Stock Exchange.
The SSC chairwoman called for Thai investors to expand their activities in Vietnam’s capital market.
Phuong also highlighted cooperation between the two regulators in sharing experience related to new financial products and markets, including digital asset trading platforms and gold derivatives markets.
According to the SSC, Vietnam is studying the development of additional financial products and markets to diversify its capital market.
Officials from both sides also exchanged views on market supervision, risk management, and the operation of new financial products.
Wisitsora-at said closer cooperation between the two regulators would support capital market development in both countries and contribute to the broader growth of Southeast Asia’s financial sector.
