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Vietnam approves sweeping financial market reform plan to boost growth through 2045
Deputy Prime Minister Nguyen Van Thang signed Decision 1413/QD‑TTg, approving a comprehensive reform of Vietnam's financial market. The plan seeks to build a balanced, modern market integrated with regional and global systems and to serve as a key source of medium‑ and long‑term capital for the economy, supporting the government's target of high, sustained growth through 2045.
Key targets include expanding the bond market to about 60 % of GDP by 2045, raising foreign investors' holdings in the capital and stock markets to roughly 15 % of GDP by 2030, and growing net assets of securities investment funds to 5 % of GDP. Pension fund assets are slated to increase at an average of 11.5 % per year from 2026‑2030. The reform also calls for modernising the banking sector, expanding digital banking, improving credit quality, and strengthening the insurance market. By 2045 the Vietnam International Financial Centre is expected to become a regional hub for capital flows, with supporting infrastructure such as a central clearing partner and a payment system linked to regional partners by 2028.
In a related move, the same deputy prime minister signed Prime Ministerial Decision No. 1392/QD‑TTg, appointing Minister of Finance Ngo Van Tuan as chairman of the Investment Support Fund Management Council, reshaping its leadership to oversee the fund's strategy and operations.
Entities
Decision No. 1413/QD‑TTg · Investment Support Fund Management Council · Nguyen Van Thang · Ngô Văn Tuấn · Vietnam · Vietnam International Financial Center · Vietnam International Financial Centre · Vietnamese stock market
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 2 SOURCES] Pension fund assets are projected to grow at an average of 11.5 % per year from 2026 to 2030. dinardetectives.com · observatorial.com
- [● 3 SOURCES] By 2045, Vietnam's outstanding bond market is targeted to reach about 60 % of GDP. dinardetectives.com · observatorial.com · en.vietnamplus.vn
- [● 2 SOURCES] The plan includes modernising the banking system, expanding digital banking, and improving credit quality. en.cand.vn · observatorial.com
- [● 4 SOURCES] Deputy Prime Minister Nguyen Van Thang signed Decision 1413/QD‑TTg approving a comprehensive financial market reform plan for Vietnam. en.cand.vn · dinardetectives.com · es.vietnamplus.vn · observatorial.com
- [● 2 SOURCES] Net assets of securities investment funds are targeted to reach about 5 % of GDP by 2030. dinardetectives.com · observatorial.com
- [● 4 SOURCES] The reform plan aims to develop a balanced, modern financial market integrated with regional and global markets by 2045. en.cand.vn · dinardetectives.com · es.vietnamplus.vn · observatorial.com
- [● 3 SOURCES] By 2030, foreign investors' assets in Vietnam’s capital and stock markets are expected to reach about 15 % of GDP. dinardetectives.com · observatorial.com · en.cand.vn
- [○ 1 SOURCE] Deputy Prime Minister Nguyen Van Thang signed Prime Ministerial Decision No. 1392/QD‑TTg appointing Ngo Van Tuan as chairman of the Investment Support Fund Management Council. vir.com.vn