On September 17, 2026, at the headquarters of the State Bank of Vietnam (SBV), Governor Pham Duc An held a meeting with Ms. Fiona Bassett, CEO of FTSE Russell, and the FTSE Russell delegation during their visit and working trip to Vietnam.
An overview of the meeting
Also attending the meeting were leaders from the Foreign Exchange Management Department, the Forecasting and Statistics Department, the Monetary Policy Department, the Credit Institutions Safety Department, and the International Cooperation Department. The FTSE Russell delegation comprised representatives from its leadership and experts responsible for index policy, business, asset management, investment, and trading in the Asia-Pacific region.
At the meeting, Governor Pham Duc An welcomed Ms. Fiona Bassett and the FTSE Russell delegation to the SBV and expressed his appreciation for FTSE Russell’s role in engaging and coordinating with Vietnamese regulatory authorities and market participants in recent years, particularly in efforts to develop Vietnam’s financial markets and improve their quality.
SBV Governor Pham Duc An speaks at the meeting
Sharing his views on the development of Vietnam’s financial markets, Governor Pham Duc An emphasized that developing the capital market in a transparent, modern, safe, and sustainable manner is important for diversifying channels of capital mobilization, improving the efficiency of resource allocation, and reducing the pressure on the banking system to provide medium- and long-term capital.
The Governor noted that, in the coming period, the Government of Vietnam would focus on improving the institutional framework, diversifying financial products, and developing financial intermediaries to further strengthen the financial markets.
Speaking at the meeting, Ms. Fiona Bassett congratulated the SBV and Vietnam on this important milestone in the development of the Vietnamese stock market. The FTSE Russell CEO highly valued the close coordination and cooperation between Vietnamese authorities and international organizations throughout the market reform process and Vietnam’s efforts to meet the criteria for market reclassification. She also recognized the important role of the SBV in conducting monetary policy, which has contributed to strengthening international investors’ confidence in the Vietnamese market.
Ms. Fiona Bassett speaks at the meeting
Ms. Fiona Bassett affirmed FTSE Russell’s commitment to continuing to support Vietnam in developing its financial markets. FTSE Russell will continue to promote transparency and liquidity, diversify the investor base, and enhance market accessibility for international investors participating in the Vietnamese market.
Governor Pham Duc An and FTSE Russell delegation pose for a group photo
Discussing the SBV’s role in the development of Vietnam’s financial markets, Governor Pham Duc An said that the SBV has been proactively implementing various measures to support the sound development of the stock and capital markets.
The SBV has conducted monetary policy in a proactive and flexible manner, in close coordination with fiscal policy and other macroeconomic policies, while remaining steadfast in its objective of controlling inflation. These efforts have contributed to maintaining macroeconomic stability, stabilizing the value of the Vietnamese dong, and supporting sustainable economic growth.
The Governor emphasized that, in the context of Vietnam’s goal of achieving high economic growth while keeping inflation in line with the target set by the National Assembly, maintaining macroeconomic stability and the stability of the Vietnamese dong is an important prerequisite for strengthening the confidence of the public, businesses, and investors. This, in turn, will create a favorable foundation for the continued development of Vietnam’s financial and capital markets.
According to Governor Pham Duc An, Vietnam hopes that its stock market will attract growing interest and greater participation from international investors, thereby gradually enhancing the role of the capital market in mobilizing medium- and long-term resources for the economy. This will also help ease the pressure on the banking system to meet the economy’s demand for long-term capital, as bank credit remains the primary source of financing for the Vietnamese economy.
In the coming period, the SBV will continue to work closely with the Ministry of Finance and relevant agencies to implement measures supporting the sound and sustainable development of the capital market. At the same time, the SBV will study, develop, and improve the legal framework to facilitate greater access to the Vietnamese market for foreign investors and support legitimate investment capital flows, while ensuring the safety of the financial system and macroeconomic stability.
Through these efforts, Vietnam expects an increasing number of enterprises across various sectors and industries to meet FTSE Russell’s screening criteria, thereby contributing to the expansion and diversification of Vietnam’s capital market structure.
Governor Pham Duc An expressed his confidence that, with its extensive experience and expertise, FTSE Russell will continue to engage with and provide recommendations to Vietnamese authorities, thereby supporting the further development of Vietnam’s financial and capital markets following the market reclassification.
Minh Khang