Vietnam Unveils Financial Market Reform Plan for Sustained High Growth Through 2045

Vietnam has unveiled a comprehensive financial market reform plan aimed at achieving sustained high economic growth through 2045. The plan seeks to develop a balanced and modern financial market that is closely integrated with regional and global markets. Key objectives include strengthening the mobilization and allocation of both domestic and foreign capital, thereby stimulating capital circulation across the economy and expanding investment opportunities. Furthermore, the plan aims to enhance the market's role as a primary provider of medium- and long-term capital, serving as a major driver of sustained economic growth. Vietnam has experienced remarkable economic growth in recent years, with the development of its financial market forming a crucial foundation. Efforts to deepen international cooperation, such as strengthening ties with Bloomberg and promoting collaboration with the UK on capital market and financial center development, are seen as integral to enhancing market quality. The total assets in Vietnam's financial market have reached VND 41.3 quadrillion (approximately USD 2 trillion), indicating ongoing expansion and maturation. This reform plan is expected to be a vital strategy for maintaining and accelerating this growth trajectory. Economic policies pursued under Vietnam's one-party system are often implemented with a long-term perspective for national development. Financial market reforms are also anticipated to contribute to attracting foreign direct investment (FDI) and bolstering the international competitiveness of domestic enterprises.