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On the morning of June 18, 2026, at the forum “Vietnam Global Capital Access: Overseas Listings, DRs and the IFC” organized by SSI Securities and Deutsche Bank, Daniel Clark, Global Head of Deutsche Bank’s Depositary Receipts, outlined a focus on enterprises as the central driver of international capital-raising efforts. Rather than centering on macro or technical issues, Clark said the forum is designed to address companies directly and the decisions they must make about whether international capital access fits their business models.
Clark emphasized that corporate leaders are responsible for building governance structures, improving financial reporting, and strengthening the quality of investor relations. He also noted that companies need to craft a long-term growth narrative that can persuade foreign investors. From there, business owners should evaluate which route best supports their core strategy—whether that means an overseas listing, issuing Depositary Receipts, or pursuing opportunities connected to an International Financial Center.
He said Deutsche Bank expects the event to function as a practical, interactive forum where business leaders can ask questions, challenge established mindsets, and begin planning capital-access strategies for the coming years.
Clark highlighted a macro trend: investment capital from North America and Europe is increasingly moving toward Asia. In that context, he framed the central question for Vietnamese enterprises as how to seize the opportunity and optimize equity financing while ensuring their shares appeal to the widest possible investor base.
According to Clark, Vietnam’s capital market is entering a pivotal phase, supported by efforts to upgrade the market, implement the KRX system, and establish a central-clearing partnership framework. He linked these developments to the legal framework for Depositary Receipts and to the ambition to build an International Financial Center, describing them as measures intended to facilitate access.
Clark also stressed that access is “two-way”: international investors can participate more easily in Vietnam’s capital market, while Vietnamese firms gain clearer pathways to global pools of capital.
To support this direction, Clark praised the role of Vietnamese regulators and highlighted the importance of strengthening the legal framework in recent times ahead of the State Securities Commission leadership’s main address. He pointed to efforts to implement Decree 155 under regulatory leadership as laying legal groundwork for Depositary Receipts and market connectivity, enabling foreign fundraising discussions to move beyond technical theory.
Clark concluded that while the framework is being built, the initiative now rests with Vietnamese firms to convert these opportunities into real growth capital.
Ready Card users outside the European Economic Area have reportedly faced an abrupt service halt after a transition involving the card issuer disrupted the USDC spending product, according to user notices shared on X.
A notice shared…
