Chairwoman of the State Securities Commission, Vu Thi Chan Phuong, has given an interview to Vietnam News regarding Vietnam’s quest for an upgrade of its stock market from frontier to emerging. Specific details are scant but she does note that the SSC is prioritising:
- Updating disclosure requirements to encourage firms to provide reports in English in order for “foreign investors to clearly understand the specific foreign ownership ratios in each sector”;
- Making it mandatory for stock market disclosures to be in both Vietnamese and English; and
- Enhancing market access for foreign investors by providing time limits for firms to disclose their foreign ownership limits/ratios.
Note that Vu does address pre-funding requirements but only to say that the SSC has proposed amendments to securities legislation and that a Central Counterparty Clearing House will be key–to put these comments into some context see: Vietnam’s Stock Market Upgrade Opportunity: Unpacked.