Vanguard Set to Launch Investment Accounts Following Vietnam Stock Market Upgrade

On the afternoon of November 11, 2025, in Melbourne, the State Securities Commission of Vietnam (SSC) delegation held a meeting with representatives from Vanguard Global Investment Fund—one of the world’s largest asset management firms, currently managing nearly $13 trillion USD. The discussion focused on collaboration opportunities, development, and attracting foreign investment into Vietnam’s stock market.

Representing Vanguard Global Investment Fund were Mr. James Chatfield, Head of Asia-Pacific Trading and Senior Portfolio Management Director, along with research experts and transaction implementation specialists for Vanguard’s operations in Vietnam.

During the meeting, Vanguard representatives commended the SSC’s efforts in reforming and enhancing the legal framework and investment environment, particularly new policies aimed at facilitating international investors.

Vanguard also outlined its investment plans in Vietnam following the market’s upgrade, including opening trading and indirect capital accounts. The Fund emphasized that implementing procedures under the new regulations would serve as a critical test, providing global investors with practical insights into Vietnam’s investment landscape.

The meeting underscored the SSC’s commitment to modernizing the stock market, enhancing transparency, and fostering a secure, professional, and sustainable investment environment to meet international investor expectations.

Earlier on November 11, 2025, in Melbourne, Australia, Mrs. Vu Thi Chan Phuong, Chairwoman of the SSC, met with Mr. Joseph Longo, Chairman of the Australian Securities and Investments Commission (ASIC). This meeting was part of the SSC delegation’s agenda in Australia from November 10–14, 2025, to attend ASIC’s 2025 Annual Conference themed “Australia in a Dynamic World,” discussing topics such as the future of capital markets, digital technology, administrative simplification, and ASIC’s enforcement priorities.

Also in attendance were ASIC Board members, unit leaders, and representatives from the SSC’s divisions.

At the meeting, Mr. Joseph Longo congratulated Vietnam’s stock market on its upgrade from frontier to emerging status, hailing it as a significant milestone in its development.

Mr. Longo noted that ASIC has consistently supported the SSC in market reforms and capacity building since August 2024, when both agencies signed a Memorandum of Understanding. Their collaboration has included conferences, workshops, and training programs on sustainable finance, corporate governance, inspections, supervision, and fraud prevention via social media.

SSC Chairwoman Vu Thi Chan Phuong acknowledged the practical significance of the two agencies’ cooperation for Vietnam’s stock market development.

Looking ahead, she expressed hope for continued collaboration in inspections, supervision, enforcement, capital mobilization, corporate bond issuance, fund industry growth, and new product development. She also proposed joint training to enhance corporate governance for listed companies.

Additionally, Chairwoman Phuong highlighted Vietnam’s Resolution No. 05/2025/NQ-CP on piloting a cryptocurrency trading market and requested ASIC’s insights into managing such markets in Australia, which would inform Vietnam’s implementation efforts.

In response, Mr. Joseph Longo shared Australia’s experience in regulating cryptocurrencies and affirmed ASIC’s readiness to collaborate on the proposed areas.

The meeting concluded successfully, with both leaders updating each other on market developments and discussing mutual interests, paving the way for more effective future cooperation.