Continuing her working trip in Australia, on the morning of August 2, 2024, at the headquarters of the Australian Securities and Investments Commission (ASIC) in Sydney, the State Securities Commission of Vietnam (SSC) officially signed a Memorandum of Understanding (MoU) with ASIC.
Attending the signing ceremony, the SSC was represented by Chair Vu Thi Chan Phuong, along with leaders from the Vietnam Stock Exchange, the Vietnam Securities Depository, Ho Chi Minh Stock Exchange, units under the Ministry of Finance, and the SSC. ASIC was represented by its Chair, Joseph Longo, council members, and leaders of ASIC units.
Representing the diplomatic missions of the two countries were Nguyen Dang Thang, Consul General of Vietnam in Sydney, and Arabella Bennett, Second Secretary of the Embassy of Australia in Vietnam.
Chair of SSC Vu Thi Chan Phuong and Chair of ASIC Joseph Longo sign the MoU between SSC and ASIC
In his speech at the ceremony, the Chair of ASIC highly appreciated the cooperative relationship with the SSC of Vietnam and expressed his honor to commemorate an important milestone in the collaboration between the two agencies by signing the first bilateral MoU between ASIC and the SSC of Vietnam. This also testifies to the very solid relationship between the two sides, as well as their shared orientation in promoting cooperation and fostering the development of each other’s capital markets.
ASIC Chair Joseph Longo speaking at the Ceremony
ASIC Chair Joseph Longo stated that this MoU will create a foundation for the two agencies to establish a formal information-sharing mechanism and enhance technical cooperation related to the regulation and supervision of each other’s securities markets. It will also facilitate the exchange of best practices and promote investor protection.
At the same time, he affirmed that the MoU signifies ASIC’s commitment to supporting the capacity-building and economic growth of Vietnam. ASIC will continue capacity-building programs for the SSC, always ready to provide technical assistance, training activities, and strengthen Vietnam’s regulatory infrastructure.
The ASIC Chair was also delighted to witness Vietnam’s progress in the past years, as the country has emerged as a dynamic and resilient economy in the region. He expressed his confidence in the continued growth and development of Vietnam’s capital market.
“The signing of this MoU marks the beginning of a new chapter in our cooperative relationship and partnership, reflecting our shared vision of developing vibrant capital markets governed by strong and effective regulatory frameworks,” ASIC Chair emphasized.
SSC Chair Vu Thi Chan Phuong speaking at the ceremony
In her speech, SSC Chair Vu Thi Chan Phuong shared that the Vietnamese stock market is increasingly affirming its role as an important medium and long-term capital channel for businesses and the economy, as well as an attractive investment channel for domestic and foreign investors, including those from Australia.
The SSC Chair noted that during the development of the securities market, the SSC has received invaluable support from the Australian Government, including funding for the Joint Capital Market Development Program (J-CAP) of the World Bank to assist Vietnam in its efforts to meet the criteria and propose solutions to upgrade the stock market. This support also includes training activities and exchanges between the two organizations.
On behalf of the SSC, Chair Vu Thi Chan Phuong expressed her gratitude to ASIC, the Australian Department of Foreign Affairs and Trade (DFAT), for their companionship and support to the SSC in cooperation activities in recent years.
Delegates taking a group photo at the ceremony
“The MoU signed today between ASIC and the SSC of Vietnam is a vivid demonstration of the good cooperative relationship, promoting even more effective and practical collaboration between the two securities regulatory agencies, and between the two countries, to contribute to the realization of the major orientations in the Joint Statement on the Vietnam-Australia Strategic Partnership,” affirmed the SSC Chair.
The most extensive bribery case ever in Thanh Hoa: Numerous suspects prosecuted for “Giving and Receiving Bribes”
The Provincial Security Investigation Agency (PSIA) of Thanh Hoa province announced on January 31st that it has made the decision to initiate a prosecution against 23 individuals in connection with the offenses of “Accepting bribes” and “Giving bribes” as stipulated in Article 354(3) and Article 364(2) of the Criminal Code.
“Prosecution of government officials, land registration officers, and tax department employees in the largest bribery case ever”
The Thanh Hoa Police Investigative Agency has initiated legal proceedings against 23 individuals involved in the crimes of “Bribery” and “Receiving bribes”. This is the largest bribery case in terms of the number of suspects ever discovered and apprehended by the Thanh Hoa Police.
Mobile World achieves revenue of VND118,000 trillion: TVs, tablets, and phones all decrease by 10% – 50%, while one product grows in both quantity and revenue.
Mobile World Investment Corporation (MWG) has recently announced its 2023 business results. According to the report, the company’s consolidated revenue reached over 118 trillion Vietnamese dong, equivalent to 89% of the revenue in 2022.
