The 20th anniversary ceremony of Vietnam’s stock market, organized at Exchange Tower on 20 July 2020, was honored by the presence of Prime Minister Nguyen Xuan Phuc.
Addressing the ceremony, PM Phuc said the stock market has made every effort for the last 20 years to overcome numerous difficulties and challenges to develop strongly.
Facing the COVID-19 pandemic, which has triggered the worst global economic downturn since the Great Depression in 1929-1933, the country took dramatic moves to control the pandemic early. It is necessary to make use of this unique chance to recover and develop the country’s economy and society, the PM said.
He underlined the necessity for breakthrough development in the stock market to better meet the economy’s need for capital and to join hands with the banking system in capital mobilisation.
To expand and improve the stock market, PM Phuc requested State-owned enterprises to accelerate their privatization and he asked all companies to enhance the market’s transparency and apply international standards and practices.
At the ceremony, Dragon Capital and Chairman Dominic Scriven were awarded by Ho Chi Minh Stock Exchange for their partnership with and contributions to the development of Vietnam’s stock market.