PM visits Johannesburg Stock Exchange
VGP - Prime Minister Pham Minh Chinh visited the Johannesburg Stock Exchange (JSE) — South Africa’s financial hub and the largest stock exchange in Africa on November 21 (local time) as part of his trip to the African country to attend the G20 Summit.
Prime Minister Pham Minh Chinh (L) and Dr. Leila Fourie, Group CEO of the JSE
During his working session with JSE's CEO Leila Fourie, Pham said that Viet Nam's stock market was recently upgraded from frontier to secondary emerging market status. He added that Viet Nam is in the process of developing the International Financial Center in Ho Chi Minh City and Da Nang, and expressed the country's interest in cooperating with and learning from the JSE's management expertise to ensure the healthy, transparent, stable and sustainable development of its capital market.
Pham reaffirmed Viet Nam's commitment to maintaining macroeconomic stability, controlling inflation and safeguarding major economic balances. He said Viet Nam's GDP growth in 2025 is forecast to accelerate to over 8 percent, with the country aiming for double-digit growth in the following years.
To develop a robust and sustainable stock market, he suggested that the two sides prioritize cooperation in product and market development; support the establishment of Viet Nam's international financial centers; advance digital transformation; encourage stronger portfolio investment inflows; and share experience in developing and operating exchanges for real estate, gold and other assets.
Dr. Fourie praised Viet Nam's impressive socio-economic achievements, particularly its strong GDP growth.
Highlighting the similarities between South Africa and Viet Nam, she underscored that capital markets will continue to serve as a foundation for economic expansion. She affirmed the JSE's readiness to pursue the cooperative initiatives proposed by the Vietnamese Government leader./.
