Vice Chairman Kwon Dae-young of the Financial Services Commission met with Vietnam’s Deputy Minister of Finance Nguyen Duc Chi at his office in Seoul Government Complex on August 25 as a follow-up to the bilateral summit meeting held between Korea and Vietnam on August 11, 2025. The meeting was also joined by Standing Commissioner Rhee Yunsu of the SFC (Securities and Futures Commission), a sub-commission within the FSC, Chairwoman Vu Thi Chan Phuong of Vietnam’s SSC (State Securities Commission), and the heads of VNX (Vietnam Exchange), HOSE (Ho Chi Minh City Stock Exchange), HNX (Hanoi Stock Exchange), and VSDC (Vietnam Securities Depository and Clearing Corporation). At the meeting, the authorities discussed ways to strengthen bilateral cooperation on capital markets. 

Vietnam’s Deputy Finance Minister Chi expressed appreciation while saying that KRX (Korea Exchange)’s trading system, which was first introduced to Vietnam nine years ago but just became operational from May 5 this year, has been running stably. Based on this, the Deputy Finance Minister expressed the willingness to bolster policy support to leap forward as a highly dependable emerging market through stability in trading system and global competitiveness. In addition, SSC Chairwoman Phuong suggested the two countries to continue to work toward deepening cooperation in the areas of capital market supervision based on the upgraded trading system and virtual asset regulatory framework through sharing of policy experience and know-hows. 

FSC Vice Chairman Kwon congratulated Vietnam’s successful operation of upgraded trading infrastructure and its stock market’s 25-year anniversary on July 28. Prior to that, in May this year, Vice Chairman Kwon said that the State Bank of Vietnam (SBV) issued confirmation letters permitting the Industrial Bank of Korea (IBK) and Korea Development Bank (KDB) to set up local operations in Vietnam after about six to eight years of wait. In this regard, Vice Chairman Kwon said that the two countries were able to set new milestones of bilateral cooperation this year in the banking and capital market areas. Vice Chairman Kwon and Deputy Finance Minister Chi closed the meeting by agreeing to further strengthen cooperation in the insurance and fintech sectors where there is significant potential for growth. The two sides shared the same view that expanding bilateral cooperation throughout all financial sectors will help to foster economic growth and reciprocal benefits in both countries.

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