WHAT SHOULD BUSINESSES PREPARE FOR THE UPGRADE PROCESS?

25/10/2025

Following the engaging discussions on the topic “The Market Story of September” from the Directors Talk #24 seminar, on September 26, 2025, in Ho Chi Minh City, VIOD held its September Member Networking event to further analyze the latest legal developments and prepare for Vietnam’s stock market upgrading process.

The event raised a central question: “How should the business community prepare itself to embrace the market upgrade?” The answer lies in improving the quality of listed companies — reflected through effective Corporate Governance (CG) practices tied to sustainable development. For the first time, official legal instruments have required enterprises to adopt CG principles based on OECD standards, affirming that compliance and transparency are no longer optional but mandatory standards for global integration.

Lawyer Nguyen Thi Minh Khoa elaborated on the changes introduced by Decree 245, which directly affect corporate governance. From the regulator’s perspective, Mr. Le Trung Hai, Deputy Director of the Public Company Supervision Department of the State Securities Commission (SSC), emphasized that adopting good governance practices not only mitigates compliance risks but also serves as a long-term strategy to enhance corporate value and meet the inevitable demands of the market upgrading process.

From the investor’s viewpoint, Ms. Trinh Quynh Giao, Board Member and CEO of PVI Asset Management JSC, highlighted that significant improvements in corporate governance in recent years have strengthened market confidence and laid a solid foundation for sustainable development.