On September 5, 2023, Mr. Kent Wong, Chairman of EuroCham’s Legal Sector Committee, Partner and Head of Banking and Capital Markets at VCI Legal, appeared on VTV4’s “Vietnamese enterprises on foreign stock exchange” program.
The interview touched upon VinFast’s historic Nasdaq listing in the U.S. in August 2023 and the broader implications for Vietnamese businesses. VinFast’s overseas listing demonstrates Vietnam’s readiness to participate in larger and more globalized markets, despite the fluctuations in VinFast’s stock price on Nasdaq, influenced by various market expectations.
According to Mr. Wong at 18:38, one of the actions that the Securities Commission can take is to develop, review and revise the current Law on Securities and its guiding legislation and legal framework. This reform is seen as a crucial step in creating a healthier, more buoyant, transparent, and sustainable stock exchange.
Mr. Wong highlighted that a reformed regulatory framework would instill confidence in foreign exchanges to collaborate with the Vietnam Stock Exchange (VNX). This, in turn, would bolster the development of corporation networks involving the VNX.
Mr. Wong’s insights underscore the pivotal role of regulatory reform in ensuring a thriving VNX and its ability to attract foreign investment.
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As the business landscape in Vietnam continues to evolve, VCI Legal remains at the forefront of providing comprehensive legal solutions for enterprises looking to make their mark on the international stage. With a commitment to excellence and a deep understanding of legal intricacies in Banking and Capital Markets as well as various other areas, VCI Legal has been a trusted partner for businesses seeking to expand their global presence. To learn more about our firm’s services and how we can assist you, please visit our website (www.vci-legal.com).
