On August 2, the Ministry of Finance delegation visit and work at the Australian Stock Exchange as part of their ongoing program of working in Australia. This is where the two nations' stock exchanges presented their operations. With regard to the carbon credit exchange, in particular—a topic Vietnam Nam is interested in—the ASX representative also provided a thorough presentation.
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State Securities Commission Chairwoman Vu Thi Chan Phuong
There were several attendees at the meeting, including General Director of the Hanoi Stock Exchange Nguyen Anh Phong, Deputy General Director in charge of the Executive Board of the City Stock Exchange, Chairman of the Board of Members of the Vietnam Securities Depository and Clearing Corporation Nguyen Son, and Chairwoman of the State Securities Commission Vu Thi Chan Phuong. Alongside members of the State Securities Commission, several ministries under the Ministry of Finance, and Vietnamese banks and securities firms, there was Ho Chi Minh Tran Anh Dao.
During the meeting, State Securities Commission Chairwoman Vu Thi Chan Phuong thanked the ASX Board of Directors for the kind and considerate welcome. This meeting with ASX is a great chance for both parties to present the activities of the stock exchanges in particular and the stock markets in both countries generally. It also serves to encourage collaboration, connections, and experience sharing between stock exchanges regarding the development and trading of financial products on the stock market, as well as the operation and application of information technology.
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The overall view of the working session
The chairman of the State Securities Commission stated that even though Vietnam's stock market has only been formally operating for 24 years, the country's stock market has developed significantly in terms of size and quality, particularly in terms of the legal framework and market structure.
The government of Vietnam have made green growth and sustainable development key and unified policy. In addition to issuing and carrying out the Finance Sector Action Plan on Green Growth, the Ministry of Finance is also carrying out the government policy. With an emphasis on creating green financial products and capital markets, the Ministry has consequently created and finished financial policies.
But efforts to create a carbon credit trading market or a green capital market in Vietnam are still in their infancy. As a result, we welcome the collaboration and assistance of our Australian partners, particularly given ASX's extensive background managing the exchange and stock exchange markets. translation of carbon credits," said Ms. Vu Thi Chan Phuong.
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As for the development of policy mechanisms and the organization of the carbon credit trading market, which is one of the tasks the Vietnamese government has given the Ministry of Finance and the State Securities Commission to carry out in accordance with the roadmap from now until 2027, the Chairman of the SSC also hopes that in the near future, the Stock Exchanges of Vietnam and Australia will increase exchange and cooperation.
The Stock Exchange also held a presentation on the operations and activities of the Stock Exchanges, along with the listing volume and liquidity of the stock markets in the two nations. Specifically, the ASX representative also presented an overview that included a wealth of helpful details about the creation, administration, trading, and operation of the carbon credit exchange.
Translator: Thúy Nga
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