Vietnam's stock market to develop strongly and sustainably

	Diversify and innovate securities products to attract foreign investors
	Transparency evates the standing of listed companies
	Việt Nam's stock market recovers but outlook remains uncertain

Minister Nguyen Van Thang delivers a speech at the Conference.

Maintaining stable growth

The report of the SSC showed that in 2024, the SSC was proactive in developing strategies and legal documents according to the program and orientation set out at the beginning of the year.

Accordingly, the amendment of the Securities Law has contributed to further improving the effectiveness of law enforcement, strengthening the efficiency of state management of securities and the securities market, ensuring safe, transparent, sustainable operation in accordance with actual situation and increasingly approaching international practices.

In addition, Circular No. 68/2024/TT-BTC was issued to help attract more participation of foreign institutional investors in the Vietnam’s market, while removing bottlenecks in the process of upgrading the Vietnam’s stock market from a frontier market to an emerging market.

2024 is also the year that the SSC successfully organized many conferences, seminars, and networking seminars to promote investment in major financial markets such as Korea, Japan, Singapore, etc. to provide official information, create an effective dialogue channel to help businesses and foreign investors better understand the policies, orientations, and potential of the Vietnam’s economy and the financial market.

According to the SSC, the stock market in 2024 has maintained stable growth, affirming itself as an important medium- and long-term capital channel for the economy.

The VN-Index reached 1,263.79 points as of December 16, 2024, up 11.8% compared to the end of the previous year. The HNX-Index was at 227.04 points, down 1.7% compared to the end of the previous year.

Building an efficient, modern market, approaching the highest international standards

Speaking at the Conference, Minister of Finance Nguyen Van Thang acknowledged the impressive results of the Vietnam’s stock market.

The Minister mentioned that market liquidity remained high, averaging more than VND 21 billion/session, up 7.6% compared to the average in 2023; the total stock market capitalization reached more than VND 7 million billion, up 19% compared to the end of the previous year, equivalent to 69% of GDP.

Along with that, the number of investor accounts continues to increase, reaching more than 9.1 million accounts by the end of November 2024, equivalent to about 9% of the population, reaching the target of 9 million accounts before the 2025 deadline and aiming for the number of 11 million accounts by 2030 as set out in the approved Stock Market Development Strategy to 2030 by the Government.

The conference

Supervision and handling of violations have been enhanced, contributing to strengthening market discipline, raising the confidence of domestic and foreign investors in the Vietnam’s stock market.

Promoting the achievements in 2024, Minister Nguyen Van Thang expects that the SSC will continue to manage and operate the market stably and smoothly, ensuring security and safety; speed up the deployment of a new information technology system for the stock trading market; and promptly implement other information technology projects to modernize the management and supervision of the stock market.

The Minister requested the unit to urgently implement the apparatus streamlining in accordance with the policies of the Party, the State, and the Ministry of Finance, ensuring that the new apparatus goes into operation immediately, without interruption and affecting the normal operations of the stock market.

At the same time, continuing to build a stock market that develops in an efficient, modern direction, increasingly approaching the highest international standards.

“We believe that, with the solidarity and efforts of all officials and civil servants of the SSC, the close coordination of ministries, agencies and the support of the business community, the Vietnam’s stock market will continue to develop strongly and sustainably, affirming itself as an effective medium- and long-term capital mobilization channel for the economy and an important macro-management tool of the Government, making an increasingly important contribution to the cause of national construction and development”, the Minister said.

Continue to speed up restructuring

Accepting the direction of Minister Nguyen Van Thang, the SSC’s Chairwoman Vu Thi Chan Phuong pledged to receive and complete all assigned tasks.

Chairwoman of the State Securities Commission Vu Thi Chan Phuong.

The SSC’s Chairwoman said that in 2025, the direction and operation of the SSC will focus on key groups of tasks.

Accordingly, continuing to complete documents guiding the implementation of the amended and supplemented Securities Law; focus on implementing the Action Program to implement the Stock Market Development Strategy to 2030; continuing to promote bilateral and multilateral international cooperation in the securities sector, solutions to promote the process of upgrading the Vietnam’s stock market.

At the same time, promote restructuring; strengthening the management, supervision, inspection and examination of the activities of securities business organizations, ensuring that these organizations operate healthily and thereby actively promoting their role as intermediaries providing services and products on the securities market.

Strengthening the management and supervision of securities offering/issuance activities, and regularly monitoring and reviewing the operations of public companies with a focus on key issues. In addition, the securities industry continues to improve the effectiveness of supervision, inspection, and examination work and promptly detect and strictly handle violations in the market; focus on implementing and completing IT modernization projects of the securities industry...