“Securities Industries Unite: Vietnam and China Strengthen Ties with Information Sharing Agreement”

As part of her business trip to China, on November 25, 2024, Chairwoman of the State Securities Commission of Vietnam (SSC) Vu Thi Chan Phuong met and worked with Mr. Wu Qing, Member of the Central Committee of the Communist Party of China and Chairman of the China Securities Regulatory Commission (CSRC). The meeting was attended by representatives of units under the SSC Vietnam and the CSRC.

At the meeting, Chairwoman Vu Thi Chan Phuong shared that the SSC Vietnam has always valued its cooperation with the CSRC. Since 2005, the two agencies have signed a Memorandum of Understanding (MoU) on bilateral cooperation in the securities field to enhance market information exchange and delegation visits, as well as technical support. Accordingly, the two sides have organized numerous delegations, training sessions, and experience-sharing initiatives in developing and perfecting the legal framework and supervising the securities market.

Also, during the meeting, Chairwoman Vu Thi Chan Phuong updated on the development of Vietnam’s securities market and noted that many Chinese investors have recently participated in Vietnam’s securities market. The SSC Vietnam has always created favorable conditions for foreign investors, including those from China, to participate in the country’s securities market.

Speaking at the meeting, Mr. Wu Qing, Chairman of the China Securities Regulatory Commission, appreciated the long-standing and amicable bilateral relationship between the two agencies. He also acknowledged their active contributions within the framework of the activities of the International Organization of Securities Commissions (IOSCO).

“We attach great importance to and highly appreciate the development of Vietnam’s securities market. This market has great potential for growth in the coming time,” shared the Chairman of the CSRC.

Mr. Wu Qing also observed that the securities management agencies of the two countries share similarities in organizational structure and regulations regarding the division of market supervision. Therefore, he proposed that the two agencies should have more frequent exchanges to share experiences in managing and supervising the securities market.

In conclusion, Chairwoman Vu Thi Chan Phuong expressed her gratitude for the shared experiences in managing and supervising the securities market, especially in managing securities companies and listed companies, during this business trip.

At the same time, to further strengthen the cooperative relationship between the two agencies, the Chairwoman of the SSC proposed that the units should continue to review and concretize the bilateral cooperation between the two sides. She also hoped that the CSRC would support and share its experiences with the SSC Vietnam regarding digital transformation in securities market supervision.

On the same day, the delegation also had a working session with experts from specialized departments of the CSRC and the China Securities Depository and Clearing Corporation Limited (CSDC).