Saturday, November 23, 2024 5:43:14 PM - Markets open
VN-INDEX 1,228.10 -0.23/-0.02%
HNX-INDEX 221.29 -0.47/-0.21%
UPCOM-INDEX 91.70 +0.20/+0.21%
Vietnam and Australia boost securities industry partnership
vietnamnews - 8/7/2024 8:18:31 AM
 (0 ratings. You must sign in to rate.)
The State Securities Commission of Vietnam (SSC) and the Australian Securities and Investments Commission (ASIC) officially signed a Memorandum of Understanding (MOU) in Sydney.
 
 
Vũ Thị Chân Phương, Chair of the SSC, (right) and ASIC Chairman Joseph Longo at the signing ceremony in Australia. — Photo courtesy of SSC
 
 The State Securities Commission of Vietnam (SSC) and the Australian Securities and Investments Commission (ASIC) officially signed a Memorandum of Understanding (MOU) for cooperation in Sydney, Australia on August 2.
 
ASIC Chairman Joseph Longo described the event as a pivotal moment in the collaborative efforts between the two regulatory bodies.
 
This signing not only underscores the enduring bond between the two parties, but also signifies a commitment to fostering cooperation and advancing the growth of the capital markets in both nations.
 
Longo highlighted that the MoU will enable the two agencies to establish formal information-sharing mechanisms, enhance technical cooperation in market supervision, exchange best practices and bolster investor protection efforts.
 
He added that the MoU reflects ASIC's commitment to supporting Vietnam's economic growth and capacity building.
 
"ASIC commits to ongoing capacity-building support for the SSC, offering technical assistance, training programmes and infrastructure enhancements," said Longo.
 
The ASIC Chairman praised Việt Nam's recent economic strides, noting its resilience and dynamism in the region.
 
He expressed confidence in Vietnam's capital market growth and development, adding that the MoU marks a fresh start in the partnership, aligning with shared vision of fostering a vibrant capital market under robust supervisory frameworks.
 
Vũ Thị Chân Phương, Chairwoman of the SSC, said that Vietnamese stock market is a crucial avenue for both short and long-term capital infusion for businesses and the economy. She noted its appeal to investors from Australia and beyond.
 
She acknowledged the valuable support from the Australian government in developing the market, including funding for the Joint Capital Markets Programme (J-CAP) by the World Bank.
 
This assistance aids the country in meeting market criteria, enhancing training activities, capacity building and fostering exchange programmes.
 
"The MoU signed today between ASIC and the SSC exemplifies a robust cooperative bond, enhancing effective collaboration between the securities regulators and the two nations. This supports the goals outlined in the Joint Declaration on Comprehensive Strategic Partnership between Việt Nam and Australia," Phương said.
 
She isalso optimistic that through voluntary cooperation, mutual benefit and legal compliance, the partnership between the SSC and ASIC will intensify, benefiting regulatory bodies, market operators and Australian businesses and investors in Việt Nam.
 
Phương also suggested increasing high-level leadership and technical exchanges, conducting practical training programmes, workshops and improving information exchange for better market management and supervision. — VNS
 
Read original article here
Newer News
10:05 Market ends flat on rising selling force
21/11 Vinhomes acquires 190M shares, exceeds half of registered total
21/11 Foreign Investors set record in sell-off on HoSE
20/11 Market falls for fourth straight session as foreign bloc intensifies net selling
19/11 Market opens the week with slight decline as foreign investors net sell over VNĐ1.4 trillion
18/11 Market rocked by pressure from exchange rates and interest rates
15/11 Market experiences sharp pullback as VN-Index nears 1,230 points
15/11 Seaport stocks surge amid positive sector outlook
14/11 Easing monetary policy continues bolstering domestic stock market
14/11 Market struggles as foreign investors continue net selling
Older News
07/08 Market rebounds, VN-Index returns to 1,200 points
06/08 HoSE adds NVL to coming large-cap VN30 review
05/08 The market requires a prolonged period to reach stability.
03/08 Foreign investors end five-month net buying streak in July on HNX
02/08 Market suffers strong selling pressure while foreign investors return to net buying
31/07 Market returns to its downtrend as foreign investors extend net selling
30/07 Vietnamese stock market sees remarkable 24-year transformation
29/07 Market expected to accumulate and recover, pushing VN-Index towards 1,260 points
25/07 Market upgrade status boosts attractiveness
25/07 Rubber stocks revive market, VN-Index ends losing streak
 
Newsletter Signup
Top Stories
VCCI recommends mineral mining rights be granted through auction and bidding
Central bank works to raise interbank rates and ease forex market
Inflation a concern following salary increases
National Council for Sustainable Development established
Việt Nam, Cambodia look forward to $20 billion trade
Market Update
Last updated at 3:05:02 PM
VN-INDEX 1,228.10 -0.23/-0.02%
Real-time chart
Top 5 Actives
Top 5 Gainers
Top 5 Losers
My Favorite Quotes
Company Research
Type in the symbol above for thorough background information, key statistics and financial information.
Stock Sectors
We continuously improve our services, here are the latest updates...
Portfolio
Allow you to monitor a customised group of securities. You can set up multiple Portfolios to help you better manage your investments.
Trigger Alerts
Get up-to-date alerts delivered directly to your email address.
Stock Screener
Allow you to filter the market and find exactly what sort of company you are looking for.
Live Terminal
Get instant access to FREE REAL-TIME streaming quotes for hundreds of stocks from HOSE, HNX and UPCOM exchanges.