Chairwoman of the State Securities Commission Vu Thi Chan Phuong speaks at the event. (Photo: Review of Finance)

Hanoi (VNA) - The Vietnamese stock market has become a reliable destination for manyinvestors worldwide in recent years, especially those in the Asia-Pacific, saidChairwoman of the State Securities Commission Vu Thi Chan Phuong.

Addressing the 48th Annual Meeting of the InternationalOrganisation of Securities Commissions (IOSCO) held in Bangkok, Thailand fromJune 13-15, Phuong said the Vietnamese stock market has witnessed impressivedevelopments in recent years, maintaining a vibrant performance and good liquidity,and increasingly asserting itself as an important long-term capital mobilisationchannel for the economy and businesses. It has also become an attractive investmentchannel of the public, attracting a growing number of domestic and foreign investors.

Not only enjoying more favourable conditions in capitalmobilisation, Vietnamese firms have also made significant progress ingovernance, transparency and sustainable development, she said.

In order to develop the stock market towards quality andsustainability, Vietnam is striving to upgrade its market classification fromfrontier to emerging, persistently pursuing market restructuring based on fourmain pillars of commodity base, market organisation, investor base,and securities business organisation.

The 48th Annual Meeting of IOSCO comprises a series of annualmeetings of the Asia-Pacific Regional Committee (APRC), the Africa-MiddleEast Regional Committee, the Inter-American Regional Committee, the EuropeanRegional Committee, the Growth and Emerging Markets Committee (GEMC), th⭕ePresidents' Committee (PC), and the General Assembly.

Illustrative image (Photo: baochinhphu.vn)

During the meeting, the Vietnamese delegation attended themeetings of the APRC, the GEMC and the PC, as well as the expanded sessions ofIOSCO.

This year, IOSCO also collaborated with the Securities andExchange Commission of Thailand to organise four major workshops on the frontiermarkets and the trend of moving towards emerging markets, reshaping the future offinance and digital assets, capital markets - driver for a more sustainableand green world, and raising awareness and investment in a digitalised world.

IOSCO was established in 1983. Its member organisations overseemore than 95% of the global securities market in over 130 economies. The GEMCrepresents 75% of the full and official members of IOSCO. Each market can onlyhave one full and official member participating in IOSCO, while the remainingagencies can become affiliate members.

The State Securities Commission of Vietnam was officiallyrecognised as a full and official memb🐈er of IOSCO at the 26th AnnualMeeting held in Stockholm, Sweden on June 26, 2001./.