Sunday, April 14, 2024 8:25:52 AM - Markets open
VN-INDEX 1,276.60 +18.40/+1.46%
HNX-INDEX 241.34 +2.27/+0.95%
UPCOM-INDEX 91.21 +0.29/+0.32%
PM Chính instructs action for stock market upgrade
Vietnam News - 2/19/2024 3:53:05 PM
 (0 ratings. You must sign in to rate.)
Efforts have been made to attract investment and promote the image of the Vietnamese stock market, with the goal of upgrading it from frontier to emerging status.
 
 
The HCM Stock Exchange in HCM City. It is necessary to urgently implement measures to enhance the quality of goods in the stock market, improve the efficiency of market participants, securities companies and fund management companies. VNA/VNS Photo
 
 Prime Minister Phạm Minh Chính has instructed the Ministry of Finance, State Bank of Vietnam and the Ministry of Planning and Investment to address obstacles in relevant sectors for upgrading the stock market from frontier to emerging status.
 
On February 15, 2024 the Prime Minister signed Directive 06/CT-TTg on accelerating key tasks after the Lunar New Year holiday, including requirements to implement measures to meet the criteria for upgrading the stock market.
 
In Official Dispatch 1360/CĐ-TTg of December 13, 2023, the government leader had requested relevant agencies to promote the safe, transparent, efficient and sustainable development of the stock market.
 
The dispatch stated that the stock market has maintained stable and safe operations, becoming more substantial, efficient and transparent. It has gradually restored order and discipline, continuing to strengthen investor confidence both domestically and internationally. Efforts have been made to attract investment and promote the image of the Vietnamese stock market, with the goal of upgrading it from frontier to emerging status.
 
However, it is necessary to urgently implement measures to enhance the quality of goods in the stock market, and improve the efficiency of market participants, securities companies and fund management companies. Diversification of the investor base is needed to attract the participation of institutional investors, professional investors and investment funds, while actively providing information and financial-securities knowledge training for individual investors.
 
In the Stock Market Development Strategy towards 2030, approved by Deputy Prime Minister Lê Minh Khái on December 29, 2023, the government aims to achieve a market capitalisation of stocks equivalent to 100 per cent of GDP by 2025 and 120 per cent of GDP by 2030. The number of securities trading accounts is expected to reach 9 million by 2025 and 11 million by 2030.
 
The market debt of bonds should reach at least 47 per cent of GDP, with corporate bond debt accounting for at least 20 per cent of GDP, by 2025. By 2030, it aims to reach at least 58 per cent of GDP, with corporate bond debt accounting for at least 25 per cent of GDP. The derivatives market is projected to grow at an average rate of 20 to 30 per cent annually in 2021-2030.
 
The strategy strives to upgrade the Vietnamese stock market from a frontier market to an emerging market by 2025, according to the criteria of international organisations for stock market classification. VNS
 
Read original article here
Newer News
10/04 Banks and oil stocks endure a tough day, leaving with market volatility
05/04 Oil stocks see bright prospect amid rising prices
05/04 HoSE's stock market capitalisation in March rises by 3.1% compared to February
03/04 Stocks rebound as cash flow surges into large-cap shares
23/03 Shares sustain gains on strong investor confidence
20/03 Vietnamese securities companies race to boost capital amid high market demand
19/03 Large-caps pressured as increased profit-taking drives share decline
18/03 Market likely to be affected by Fed's meeting this week
18/03 Investors show strong interest in dividends at annual shareholders' meetings
15/03 VN-Index corrects, liquidity stays high
Older News
16/02 Government requires securities investor data cleansing by March
16/02 VN-Index breaks over 1,200 points for the 1st time in 5 months
16/02 Multiple Vietnamese companies declare cash dividends post Lunar New Year, boosting investors confidence
16/02 Morgan Stanley Capital International (MSCI) includes three Vietnamese stocks in MSCI Frontier Markets Index
27/12 Shares post further gains, boosted by large-caps
27/12 Enterprises in race to raise funds through share issuances
23/12 Market steady due to low risk appetite
22/12 Market settles higher but liquidity remains low
20/12 Green development gains momentum in VN's listed business community
19/12 Market keeps correcting, VN-Index breaks below 1,100 points
 
Newsletter Signup
Top Stories
PM Chính requires strengthened gold market management
Bank shareholders to receive high dividends, stock bonuses
Shares sustain gains on strong investor confidence
Banks given advantages to CASA ratio
Man owes bank nearly VNĐ9 billion in credit card's interest after 11 years
Market Update
Last updated at 3:05:01 PM
VN-INDEX 1,276.60 +18.40/+1.46%
Real-time chart
Top 5 Actives
Top 5 Gainers
Top 5 Losers
My Favorite Quotes
Your most recently viewed tickers will automatically show up here if you type a ticker in the Get Quotes box on the top of the page.
Company Research
Type in the symbol above for thorough background information, key statistics and financial information.
Stock Sectors
We continuously improve our services, here are the latest updates...
Portfolio
Allow you to monitor a customised group of securities. You can set up multiple Portfolios to help you better manage your investments.
Trigger Alerts
Get up-to-date alerts delivered directly to your email address.
Stock Screener
Allow you to filter the market and find exactly what sort of company you are looking for.
Live Terminal
Get instant access to FREE REAL-TIME streaming quotes for hundreds of stocks from HOSE, HNX and UPCOM exchanges.