Human resource training for securities sector is important


In Vietnam and some other countries, the establishment and development of the stock market is carried out concurrently with the transformation of the economic model, from a central planned subsidized economy to a socialist-oriented market economy.

Therefore, the leaders of the State Securities Commission (SSC) in the early days of the securities market were well aware of the importance of qualified human resources for the effective operation of the market. This is a huge challenge for the State Securities Commission.

The State Securities Commission was established in 1996 and after realizing the important issue of human resources for the securities industry, the Center for scientific research and professional training on securities and securities market was established in late 1997.

It’s currently named the Securities Research and Training Center.

Training activities of the Securities Research and Training Center
Training activities of the Securities Research and Training Center

A feature of the stock market is its complex and volatile nature, which creates many opportunities for investors but also contains many risk factors.

In addition, this is a field that regularly designs new, modern and complex investment products and services to meet the diverse needs of both the supplier (public companies, listed companies) and the consumer (institutional and individual investors).

All of the above characteristics and the increasing level of capital market integration among countries make the training and retraining of human resources for the Vietnamese stock market a great challenge for the future.

Human resources in the securities industry are diversified to include managers and supervisors of the stock market; securities practitioners; investors; domestic and international organizations and experts in the field of securities research. HR training has been provided for civil servants, employees of the State Securities, Commission and managers and information is being shared with the social investors.

Providing investors with basic knowledge

According to the State Securities Commission, individual investors make up 90% of the investor base in Vietnam stock market, so training for investors has been important from the early days of the establishment with content such as organizing conferences and free training courses to provide investors with information.

Mr. Tran Van Dung, Chairman of the State Securities Commission awards the Government's emulation flag to the leading representative of the Securities Research and Training Center.
Mr. Tran Van Dung, Chairman of the State Securities Commission awards the Government’s emulation flag to the leading representative of the Securities Research and Training Center.

The State Securities Commission built a website for investor training at: to provide investors with basic knowledge about investment, finance, and securities; as well as information about the market.

In addition, the corporate governance training program for managers in public companies has been organized by the center since 2009. So far, the center has organized 98 courses for over 5,067 attendees including members of the Management Board, Board of Directors, Board of Supervisors, company secretaries and other managers in public joint stock companies.

The State Securities Commission said since its establishment, the stock market has operated safely and stably and become a medium to long-term capital mobilization channel, obtaining many good results. This is one of the factors leading to the strong development of Vietnam’s securities industry.

The contingent of civil servants and employees of the industry has ensured the qualifications and capacity to help the State Securities Commission realize the assigned tasks in the development, management and supervision of the stock market.

They are equipped with up-to-date knowledge and experience from developed markets to keep up with all potential risks and unpredictable movements of the market. They have working capacity when integrating with the international market.

However, besides the achieved results, HR training for the securities industry still has certain limitations.

The main challenges for HR training in the securities industry include: improving the quality of administrative human resources of the Securities Research and Training Center, improving the quality of training courses, providing new and diversified training methods to practitioners and investors, enhancing the digitization of training activities of the center to meet new requirements amid the Covid-19 pandemic.

Key orientations in training human resources have been identified. Accordingly, training contents for security practitioners will focus on knowledge, skills and practice through modern tools on the types of products and services provided by securities trading organizations to investors.

Training courses for securities practitioners will be regularly organized to introduce new knowledge and products. Bilateral and multilateral international cooperation is necessary in research and training and will work towards harmonizing the markets of countries in terms of training standards for practitioners.


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