On 7 April, the Vietnam Business Forum’s Capital Markets Working Group (CMWG) held a productive meeting with the State Securities Commission (SSC) and the Vietnam Securities Depository and Clearing Corporation (VSDC) to discuss the Central Counterparty (CCP) model.
The meeting, took place at the SSC headquarters, brought together around 50 participants both in person and online. It was led by SSC Vice Chairman Mr. Bui Hoang Hai and VSDC Deputy General Director Mr. Duong Ngoc Tuan, together with the teams directly involved in drafting the CCP model.
On the VBF side, the meeting saw the attendance of Mr. Dominic Scriven, Head of the VBF CMWG and Mr. Chung Seck, VBF Board Member, alongside working group representatives from HSBC, Citi, Standard Chartered, Deutsche Bank, SSI, Mirae Asset, HSC, VietCap and other members.
In the meeting, VSDC shared the current direction of the CCP model, which is being developed with a target timeline of end-2026 to early-2027. The discussion centered on operational questions. Exchanges were direct and technical, with an emphasis on feasibility and alignment with market practices. Both sides acknowledged the need for ongoing coordination to ensure readiness ahead of implementation.
The session reflects a continued, working-level engagement between regulators and market participants on core market infrastructure. In the context of recent updates in market classification reviews, the CCP framework remains a central piece in Vietnam’s broader effort to address settlement and post-trade requirements.