Financial Investment Association and Vietnam Securities Commission Sign MOU for "Mutual Cooperation in Capital Markets"

On the 7th, the Korea Financial Investment Association signed a Memorandum of Understanding (MOU) with the Vietnam Securities Commission (SSC) to support the investment expansion of financial investment companies into Vietnam and to promote mutual cooperation between the capital markets of the two countries.

Vietnam Minister of Finance Ho Duc Phuc (from left), Chairman of the Vietnam Securities Commission Vu Thi Thanh Phuong, Chairman of the Korea Financial Investment Association Seo Yoo-seok, and Standing Commissioner of the Financial Services Commission Kim Yong-jae signing an MOU and taking a commemorative photo. Photo by Korea Financial Investment Association

The signing ceremony was attended by Ho Duc Phoc, Minister of the Vietnamese Ministry of Finance, who came to Seoul to hold the Vietnam Investment Promotion Conference, Kim Yong-jae, Standing Commissioner of the Financial Services Commission, as well as representatives from the embassies of both countries and financial investment companies.

The main contents of this MOU include information sharing on capital market-related laws and professional training programs of both countries, holding investment cooperation seminars, expanding human exchanges to promote mutual investment, and providing advisory services.

Additionally, the Korea Financial Investment Association established a communication channel with the Vietnamese regulatory authorities by regularizing meetings between the SSC and Korean financial investment companies in Vietnam to improve the practical business environment for local financial investment companies.

Seo Yoo-seok, Chairman of the Korea Financial Investment Association, emphasized, “Vietnam is one of the largest investment destinations for our financial investment companies. The signing of the MOU with the Vietnamese securities regulatory authorities is expected to contribute not only to the development of the financial investment industries of both countries but also to improving the local business environment for our financial investment companies to the next level.”

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