Domestically domiciled ETFs were launched in Vietnam in 2014 and regulations are being drafted to establish an exchange traded derivatives market.

The process of state-owned enterprise reform has gathered momentum with a number of high profile IPOs taking place and regulations being issued to make it easier for state-owned enterprises to dispose of non-core assets and to also mandate them to more quickly list their shares.

The Securities Commission has been addressing the gaps identified in MSCI’s review of the market, for example by issuing draft regulations making it mandatory for certain entities to publish information in English. Work is also in progress on finding the best way to enable higher foreign ownership in companies – a longstanding demand of the foreign investor community.

“In 2015 we also expect to see further progress in the implementation of a new communications gateway between the Vietnam Securities Depository and its members, which has immense potential to increase the straight-through-processing of various processes,” says Vinith Rao, head of HSBC Securities Services Vietnam.

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