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According to Section III.6 of the Resolution, The Political Bureau requires developing the medium- and long-term capital market in a transparent, modern, safe and sustainable direction, reducing reliance on short-term credit markets; comprehensively completing institutions for developing the securities market, bond market and intermediary institutions.
At the same time, it calls for urgently building and putting into operation international and regional financial centers; accelerating the roadmap for upgrading the securities market to MSCI emerging market status on the basis of substantive reform of market access, quality and diversity of transparent information supply, system safety and protection of legitimate rights and interests of investors.
Notably, the Resolution requires piloting under controlled conditions the development of crypto-asset exchanges.
In parallel, it calls for developing the investor base in the direction of diversifying types and groups of investors, improving market access for foreign investors, completing trading, settlement, clearing and custody infrastructure, risk management instruments and investor protection mechanisms; continuing to improve the quality of information disclosure, accounting standards, corporate governance and market oversight toward approaching international best practices.
The Resolution also requires strengthening the monitoring of capital flows, foreign exchange, anti-money laundering and systemic risks to ensure the safe, stable and sustainable development of Vietnam's capital market in line with international practices.
