Vietnam, Singapore promote cooperation in stock market
The Vietnam Stock Exchange (VNX) and the Singapore Exchange (SGX Group) on August 5 signed a Memorandum of Understanding (MoU) on boosting their communication channels to promote their relations and serve the interests of the Vietnamese and Singaporean stock markets.
Representatives of the Vietnamese and Singaporean Ministries of Finance at the signing ceremony of the MoU between VNX and SGX. (Photo: VNA)
Singapore (VNA)🍸 – The Vietnam Stock Exchange (VNX) and the Singapore Exchange (SGX Group) on August 5 signed a Memorandum of Understanding (MoU) on boosting their communication channels to promote their relations and serve the interests of the Vietnamese and Singaporean stock markets.
The MoU was signed under the witness of Vietnamese Minister of Finance Ho Duc Phoc, Vietnamese Ambassador to Singapore Mai Phuoc Dung and Singaporean Second Minister of Finance Chee Hong Tat during the visit to Singapore by a delegation of the Vietnamese Ministry of Finance.
Under the MoU, the two sides will share information related to the domestic market structure, including legal framework, market information, and information provision services. They will also share experiences in market surveillance, member supervision in the stock market, derivatives market and legal framework for cross-listing activities.
They will develop and promote corporate governance activities, including sharing experiences in establishing best corporate governance rules and practices for listed companies and institutional investors; support and improve the level of monitoring compliance with the SGX and VNX's listing regulations, and promote the image of listed companies on the Vietnamese and Singapore stock markets.
In addition, based on the full consideration of relevant legal frameworks depending on the time of exchange, they will seek cooperation opportunities, including potential for product development and listing on the stock market and derivatives market.
Loh Boon Chye, Chief Executive Officer (CEO) of the SGX Group, said that the Vietnamese stock market is a bright spot in Southeast Asia and Asia.
Global investors are also observing and recognising the development of the Vietnamese market, he said, adding that investors expect to be able to support the development of the Vietnamese stock market and benefit from that development.
To do this, he suggested Vietnam needs to make efforts to ensure the standards and norms of the stock market in the region./.
The Vietnam Stock Exchange (VNX) reported a decrease of 11% year-on-year in net revenue to more than 3 trillion VND, according to the audited consolidated financial statements for 2023.
The Vietnam Stock Exchange (VNX) said it has become an official member of the World Federation of Exchanges (WFE) following voting by the WFE General Assembly as part of the federation’s annual meeting from September 19-21.
A newly-established review group with representatives from both the private and public sectors will propose measures to revitalise Singapore’s struggling stock market.
China’s Laoling city, in coordination with VINEXAD, hosted a series of events in Ho Chi Minh City from August 7-9 to seek trade and economic cooperation with Vietnam.
Vietnamese Ambassador to Cambodia Nguyen Minh Vu led a delegation to Mondulkiri, Ratanakiri, and Kratie provinces from August 5-8, aiming to deepen economic ties and support Vietnamese businesses operating in Cambodia’s northeastern region.
Party General Secretary To Lam’s upcoming state visit to the Republic of Korea (RoK) is expected to mark a new milestone in the bilateral relationship, creating fresh momentum for trade and investment cooperation between the two countries.
In the context of the growing global digital economy, digital transformation and the promotion of e-commerce are key drivers helping Vietnam boost integration, enhance competitiveness, and expand export markets, according to the Vietnam E-commerce and Digital Economy Agency
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
