Stock market size on HOSE reaches nearly 71 percent of GDP

Source: VNA

20:22 | 03/04/2021 Finance Follow english.haiquanonline.com.vn on

Vietnam’s stock market capitalisation on Ho Chi Minh Stock Exchange (HOSE) as of March 31 skyrocketed 93.56 percent year-on-year to more than 4.46 quadrillion VND (193.72 billion USD), HOSE said.

Stock market size on HOSE reaches nearly 71 percent of GDP hinh anh 1

A transaction on HOSE (Photo: VNA)

Vietnam’s stock market capitalisation on Ho Chi Minh Stock Exchange (HOSE) as of March 31 skyrocketed 93.56 percent year-on-year to more than 4.46 quadrillion VND (193.72 billion USD), HOSE said.

The value was equivalent to some 70.95 percent of the country’s gross domestic product (GDP).

As many as 553 codes were traded on the southern bourse by the end of Quarter 1, including 397 stocks, three close-end fund certificates, seven exchange-traded funds (ETF), 114 covered warrants (CW), and 32 bonds.

In March, more than 14.78 billion shares were traded on the bourse at the value of over 355.56 trillion VND. The market liquidity improved against the previous month, with average 642.6 million shares worth 15.45 trillion VND sold in each transaction, up 15.9 percent and 11.33 percent respectively.

Foreign players’ transactions topped nearly 69 trillion VND, accounting for 9.7 percent of the market’s total transactions. They net sold more than 12.25 trillion VND worth of stocks in the month.

The benchmark VN-Index gained 1.97 percent to end the session on March 31 at 1,191.44 points, up 79.83 percent from the same time in 2020. Meanwhile, VNAllshare topped 1,158.99 points, increasing 95.94 percent year-on-year.

The large-cap tracker VN30-Index picked up 1.93 percent to stay at 1,196.24 points, or 95.86 percent higher than the figure recorded in the same time last year./.

Source: VNA

en.vietnamplus.vn

Tags:

Related News

To achieve growth goals, businesses must "suffer" restructuring

10:54 | 02/12/2023 Headlines

VCN - To achieve socio-economic goals in 2024, Prof.Dr. Hoang Van Cuong (photo), Hanoi National Assembly delegate, Vice Rector of the National Economics University, Member of the National Assembly's Finance and Budget Committee emphasized the work of restructuring businesses, even businesses must endure " one-time pain to innovate and recover.

Two major bottlenecks in upgrading Vietnam's stock market

09:55 | 29/10/2023 Finance

VCN - Mr. Vu Chi Dung, Director of the International Cooperation Department, State Securities Commission (SSC) said that to upgrade the stock market, the efforts of management agencies are not enough.

Resolve bottlenecks to upgrade the stock market

10:03 | 23/10/2023 Finance

VCN - Although Vietnam has many opportunities to upgrade its stock market, this is an extremely difficult problem. In order to achieve the goal of upgrading, it requires initiative, positivity and an approach to solve the issue in a more drastic, comprehensive and effective way.

GDP growth continues to recover but is unlikely to reach the yearly target

09:26 | 13/10/2023 Headlines

VCN - According to Ms. Nguyen Thi Huong, General Director of the General Statistics Office, although the economy continues its improving trend when GDP growth in the next quarter is higher than the previous quarter, starting to show signs of recovery, But to achieve the growth target of 6.5% for the whole year, growth in the fourth quarter needs to reach over 12%, it can be confirmed that GDP growth this year will not be as high as expected.

Latest News

Flexibly adjust financial policies to effectively mobilize and allocate resources for socio-economic development

10:45 | 04/12/2023 Finance

VCN - In the coming time, Vietnam will face risks and challenges due to decline in the global growth. In addition, internal challenges will also create pressure on the domestic economic recovery and growth process. This requires the financial policies to be flexibly adjusted to effectively mobilize and allocate resources for sustainable socio-economic development, Deputy Minister of Finance Cao Anh Tuan stated at the opening of the 2023 Financial Forum.

Many information channels to listen to clients' opinions about the State Treasury

10:45 | 04/12/2023 Finance

VCN - The result of the satisfaction level of individuals and organizations about the services of the State Treasury is always high, showing that the State Treasury does not only drastically implements administrative procedure reform but also creates many Information channel to listen, capture information and recommendations from clients.

122 foreign corporations investing in Vietnam have to pay Global minimum tax

10:26 | 03/12/2023 Finance

VCN – On November 29, the National Assembly approved a Resolution on the application of additional corporate income tax under regulations on global anti-tax base erosion. About 122 foreign businesses in Vietnam will be affected by the Qualified Domestic Minimum Top-up Tax (QDMTT) and will have to pay the additional tax, worth an estimated VND14,600 billion.

Issuing resolution on global minimum tax to proactive international integration

10:51 | 02/12/2023 Finance

VCN - The National Assembly officially passed a Resolution on applying additional corporate income tax (CIT) according to global anti-base erosion rules. Many experts and National Assembly (NA) delegates agree with Vietnam’s application of the global minimum tax from the beginning of 2024.

More News

Transactions worth from 400 million VND must be reported to state bank from Dec 1

14:34 | 01/12/2023 Finance

Transactions with a value of 400 million VND (16,520 USD) or more must be reported to the State Bank of Vietnam (SBV) from December 1, according to a new decision issued by the Prime Minister.

Continue to improve policy mechanisms to develop the corporate bond market

13:47 | 01/12/2023 Finance

VCN - On the afternoon of November 28, Deputy Minister of Finance Nguyen Duc Chi chaired a meeting with ministries, central agencies, associations and businesses to get opinions, evaluate the implementation of Decree No. 08/2023/ND -CP and orient policy in the coming time.

The Tax industry has comprehensive digital transformation

11:08 | 29/11/2023 Finance

VCN - The application of information technology (IT) over the past 30 years has contributed to building a modern Tax industry that operates effectively, efficiently and successfully implements programs and plans to reform administrative procedures, recognized and highly appreciated by organizations, businesses, individuals and the entire society.

Minister of Finance requests to strengthen inspection and supervision of public service activities

14:57 | 28/11/2023 Finance

VCN - Minister of Finance Ho Duc Phoc signed and promulgated Directive 03/CT-BTC requiring heads of affiliated and subordinate units to thoroughly implement well the Prime Minister's direction on rectifying and strengthening the inspection, examination and supervision of public service activities.

Assessing one-year implementation of "Strengthening Public Financial Management in Viet Nam” project

10:43 | 27/11/2023 Finance

VCN - The Project Steering Committee of the Strengthening Public Financial Management Program, Subprogram 1 with a medium-term vision (Project) under the Strengthening Public Financial Management in Viet Nam program held its third meeting on the afternoon of November 23 to evaluate the performance of one-year implementation of the project and direct an implementation plan in 2024

New circular aims to improve stock market transparency

21:20 | 26/11/2023 Finance

The Ministry of Finance has issued a new circular which aims to improve stock market transparency in Vietnam.

Accelerate tax refunds

10:04 | 26/11/2023 Finance

VCN - Implementing the direction of the Prime Minister and the Minister of Finance in tax refunds, the General Department of Taxation has directed tax authorities at all levels to speed up the progress of tax refund settlement, and at the same time, strongly control implementation to ensure strict tax refund and compliance with the law.

Intensified Deployment of Electronic Invoice Issuance for Each Petroleum Retail Sale

13:55 | 25/11/2023 Finance

VCN - The Ministry of Finance states that the issuance of electronic invoices for each petroleum retail sale is fully supported by legal grounds. Alongside this, the Tax Department is escalating efforts in advocacy, leadership, directives, and the implementation of electronic invoice usage to enhance understanding among citizens and businesses about the benefits, responsibilities, and effectiveness of electronic invoice utilization. This initiative aims to improve taxpayer compliance with tax law obligations.

Transactions worth from 400 million VND to be reported to state bank

14:08 | 24/11/2023 Finance

Transactions with a value of 400 million VND ($16,520)or more must be reported to the State Bank of Vietnam (SBV) from December 1, 2023, according to a new regulation.

Your care

Latest Most read

Flexibly adjust financial policies to effectively mobilize and allocate resources for socio-economic development

10:45 | 04/12/2023 Finance

VCN - Vietnam Financial Forum 2023 with the theme "Financial policies to overcome challenges towards sustainable development" is jointly held by the Ministry of Finance and the German Agency for International Cooperation (GIZ), the European Union (EU), Ge