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Vietnam’s stock market on the radar of Japanese investors
Japanese investors expressed an interest in Vietnam’s stock market at a conference themed “Vietnam – Investment Destination” in Tokyo on March 12.
The conference, chaired by Minister of Finance Ho Duc Phoc, welcomed more than 200 delegates from businesses in Japan and Vietnam, including financial institutions, banks, life insurers, investment funds, and securities companies.
At the conference, Takafumi Oue, head of Daiwa Securities’ representative office in Vietnam, shared that Daiwa Securities Corporation has been investing in Vietnam’s stock market since 2008. During that time Daiwa Securities has formed a strategic partnership with SSI Securities Corporation and engaged in many successful mergers and acquisitions in Vietnam.
He noted that Vietnam’s stock market is attractive to Japanese investors, and Daiwa Securities plans to expand its operations in Vietnam, creating opportunities for Japanese companies to invest in the country.
During the conference, other Japanese investors also expressed their interest in opportunities in Vietnam’s stock market. They raised many questions about policies to develop and upgrade the stock market, which would draw in a new wave of capital.
Minister Phoc said that the Vietnamese government is aiming to upgrade its stock market status from frontier to emerging. This goal has been included in a project to restructure the stock and insurance markets.
In addition, the Ministry of Finance and the State Securities Commission have been working to bolster comprehensive partnerships with foreign partners, exchange information to attract foreign investment capital, and resolve problems facing investments in Vietnam's stock market.
He expected that after the event, businesses from the two countries would come up with new ideas and projects to deepen economic cooperation as well as the comprehensive strategic partnership between Vietnam and Japan.
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