Kim Joo-hyun, Financial Services Commission Chairman, Meets Vietnamese Finance Minister to "Establish Cooperation Channel"
On the morning of the 8th, the Financial Services Commission announced that Chairman Kim Joo-hyun held a meeting with Ho Duc Phoc, Minister of Finance of Vietnam, at the Government Complex Seoul.
Minister Ho Duc Phoc visited Korea to attend the Vietnam IR event held the previous day. During the meeting, both sides exchanged views on the trends in the financial industries of the two countries and discussed ways to strengthen financial cooperation, including in the capital markets.
Minister Ho Duc Phoc stated, "Korea's advanced capital market serves as a model for Vietnam," and requested active sharing of experiences in capital market-related institutional design, supervision, and regulation.
Chairman Kim said, "Vietnam is one of the countries with the highest number of Korean financial companies entering its market, and the experience of Korea's financial industry, including capital markets that have successfully supported the rapid growth of the real economy, can greatly contribute to Vietnam's continuously growing economy." He proposed establishing close cooperation channels between the Financial Services Commission and the Vietnamese Ministry of Finance, as well as between the securities exchanges of both countries.
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Furthermore, Chairman Kim explained efforts to improve domestic capital market systems, such as establishing a fair and transparent market order and corporate value-up programs, and requested active interest and cooperation from the Ministry of Finance in resolving the current licensing and business restrictions faced by domestic financial companies.
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