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The British Embassy Hanoi and the State Securities Commission of Vietnam signed in Hanoi on 13th November 2014 a grant contract for the project sponsored by the UK’s South East Asia Prosperity Fund.
The project “Supporting the development of the derivatives market, and promoting good practices from the UK on corporate governance for public companies in Vietnam” will be implemented by the SSC. The grant aims to improve the quality and promote sustainable development of the securities market, by strengthening the corporate governance of public companies, deepening securities market development and diversifying investment instruments for investors.
The total funding for the project is more than £30,200, to be disbursed over the next four months to help gather inputs for the draft Decree and Circulars on Derivatives, as well as sharing international best practices and experiences on corporate governance. In the long term, the project will help improving the economic and business environment in Vietnam, including through delivering project work on financial reform and regulation.
This is the first Prosperity Fund project with the SSC in this area, showcasing the UK’s expertise and experiences in financial regulations and financial market development.