Signed by Deputy Prime Minister Hồ Đức Phớc on September 12 under Decision 2014/QĐ-TTg, the roadmap outlines both short- and long-term reforms to modernize infrastructure, strengthen legal frameworks, and streamline market procedures.
Immediate priorities include easing restrictions that have limited foreign participation, such as the requirement for overseas investors to pre-fund securities trades.
The Government plans to suspend this condition until the Central Clearing Counterparty (CCP) mechanism becomes fully operational, aligning Việt Nam’s settlement practices with global standards.
Transparency on foreign ownership limits across sectors will be enhanced, while administrative procedures—particularly for opening trading accounts and managing cross-border investment flows—will be simplified.
Infrastructure improvements are central to the plan, with upgraded information systems connecting custodial banks and securities firms, alongside the implementation of an omnibus trading account (OTA) mechanism to increase operational efficiency.
Corporate governance reforms will require listed firms and public companies to gradually adopt International Financial Reporting Standards and OECD principles, with a focus on improving audit quality and regulatory supervision.
The State Securities Commission (SSC) will receive strengthened IT systems, enhanced enforcement powers, and skilled personnel to oversee compliance.
The plan also seeks to diversify the investor base by promoting institutional and professional investors, while providing education and protections for retail participants.
New financial products, including infrastructure and green bonds, derivatives, structured instruments, and foreign exchange hedging tools, will broaden investment opportunities.
In the longer term, authorities may raise legal thresholds for foreign ownership, expand short-selling and securities lending mechanisms under controlled frameworks, and improve macroeconomic policy coordination to stabilize the investment environment.