Vietnam PM visits Asia’s largest stock exchange in China

The visits occurred as part of his trip to China, which included the participation in the 16th Annual Meeting of the New Champions of the World Economic Forum and several bilateral meetings.

At the SSE, the Vietnamese leader was invited to strike the ceremonial gong to commence the trading session before holding a meeting with the exchange leadership.

With a market capitalization of approximately US$7.19 trillion as of December 2024 and hosting over 2,200 listed companies, the SSE is now Asia’s largest stock exchange and the world’s third-largest, trailing only U.S. exchanges NYSE and Nasdaq.

After a discussion at the Shanghai IFC, Chinh highlighted the center’s pivotal role in China’s ‘dual circulation’ economic strategy.

During the meetings, representatives from both the SSE and Shanghai IFC expressed their readiness to deepen collaboration with Vietnam in finance and securities, aiming to enhance economic, trade, and investment cooperation between the two countries.

Prime Minister Chinh noted Vietnam’s efforts this year to elevate its stock market from frontier to emerging status, alongside plans to establish international financial centers in Ho Chi Minh City and Da Nang.

He proposed that the Shanghai IFC and SSE continue supporting Vietnam by sharing experience in operation, stock exchange upgrades, establishment of international financial centers, and personnel training.