Illustrative image (Source: VNA)
Hanoi (VNA) – Vietnam’s securities sector reaped satisfactory results in 2015, thanks to its strong measures to attract external capital flows and through the restructuring of the stock market system.
As many as 290 trillion VND (13.05 billion USD) was mobilised for the sector in the year, making up 28 percent of the total investment capital from all sectors – the record figure so far.
The value of equitisation deals and share issue alone recorded a growth of 6.6 percent, while bond mobilisation met the set goal.
Chairman of the State Securities Commission Vu Bang attributed the good performance to positive economic growth in the year, effective measures taken to address bad debt and the promotion of equitisation.
Policies by the Vietnamese Government in opening up the market to attract capital helped increase the trust of foreign investors, thus hurrying them to expand investment in Vietnam.
According to Bang, international organisations forecast that Vietnam’s economic growth is likely to increase to between 6.5-6.7 percent in 2016, and that assessment will be very helpful in attracting foreign investors.
Efficiency of policies regarding equitisation, share listing and restructuring of State-owned enterprises, will be improved in 2016, aiming to draw more capital to the stock market, Bang noted.
He said that the commission will intensify more solutions to stabilising and maintaining sustainability of the stock market, focusing on realising targets of restructuring the market , bettering the quality of goods, and promoting capital mobilisation.-VNA
