Deputy minister urges swift reform for stock market upgrade

Upgrading can no longer be delayed, Deputy Minister of Finance Nguyen Duc Chi declared, highlighting the urgency of meeting international standards to elevate Vietnam’s market classification.

The New Year opening ceremony for the stock market held at the Ho Chi Minh City Stock Exchange (HOSE) on February 5 (Photo: VNA)
The New Year opening ceremony for the stock market held at the Ho Chi Minh City Stock Exchange (HOSE) on February 5 (Photo: VNA)

HCM City (VNA) – Deputy Minister of Finance Nguyen Duc Chi has urged the securities industry to accelerate administrative reform, adopt cutting-edge technology, and continue tackling obstacles hindering market upgrade.

Addressing a New Year opening ceremony held at the Ho Chi Minh City Stock Exchange (HOSE) on February 5, Chi said the Government is working to surpass the initial economic growth target for this year, setting the stage for a double-digit growth trajectory during the 2026–2030 period.

For this vision to materialise, the securities industry must rise to the occasion, adapting swiftly to meet the demand, he said.

Outlining a clear roadmap for all involved, from the State Securities Commission (SSC), stock exchanges, to the Vietnam Securities Depository and Clearing Corporation, he said a key priority is to finalise the legal framework and guidelines for enforcing new regulations under the amended Securities Law passed in 2024.

Market regulators were tasked with actively seeking and inviting large, quality enterprises to list on the bourses rather than passively awaiting applications.

Upgrading can no longer be delayed, Chi declared, highlighting the urgency of meeting international standards to elevate Vietnam’s market classification. Doing so will unlock significant benefits for all stakeholders – local and foreign investors alike, while boosting foreign capital inflows into Vietnam’s burgeoning stock market, he said.

In response, SSC Chairwoman Vu Chi Chan Phuong pledged to strengthen coordination among regulators, businesses and investors to foster sustainable growth, reinforcing the market’s role as an effective medium- and long-term capital mobilisation channel for the economy.

Meanwhile, HOSE Acting Chairwoman Nguyen Viet Ha announced that a new information technology system has successfully completed testing with all market participants and is now in its final preparation phase for the coming launch, promising an array of new products and services.

The year 2024 ended on a high note for Vietnam's securities market, marked by stability and safety. The VN-Index surged by 12.1% compared to the end of 2023, while market capitalisation reached 5.21 quadrillion VND (207 billion USD), reflecting a 14.3% annual increase. Vietnam's stock market liquidity ranked third in Southeast Asia, behind only Thailand and Singapore.

Encouragingly, the corporate bond market also showed signs of recovery, buoyed by growing investor confidence./.

VNA

See more

At the meeting between Minister of Agriculture and Rural Development Le Minh Hoan and visiting FAO Director-General Qu Dongyu. (Photo: VNA)

Vietnam, FAO join hands to boost South-South cooperation on agriculture

United Nations Food and Agriculture Organisation (FAO) Director-General Qu Dongyu's working trip to Vietnam from February 5-8 aims to promote bilateral cooperation in the fields of agriculture, food security, environmental protection, and rural development amid complicated and unpredictable global developments.

Deputy Prime Minister Ho Duc Phoc speaks at meeting of the Steering Committee for Price Management (Photo: VNA)

Deputy PM stresses importance of efficient price management in 2025

Deputy PM Ho Duc Phoc said with the GDP growth target for 2025 of at least 8%, the amount of money injected into the economy will be significantly higher than in 2024, and growth drivers will be stimulated, thereby impacting price indexes, especially consumer prices.

At the business registration office under the municipal Department of Planning and Investment (Photo: VNA)

Number of firms resuming operations in Hanoi surges 44%

New business registrations in Hanoi saw a 24.3% decline, with 2,045 new enterprises receiving certificates. The total registered capital for the new establishments dropped by 53.4% to 13.8 trillion VND (546.1 million USD).

A corner of VSIP Bac Ninh (Photo: VNA)

Bac Ninh wins growing investor confidence

With its potential and local authorities’ flexible and business-friendly policies, Bac Ninh is establishing itself as a magnet for both domestic and foreign investors.

Investors watch the market's movements at a trading office of a securities firm. (Photo: VNA)

Stock market gears up for a new era

The mission of the securities sector is to continuously develop infrastructure, improve service quality, attract international investors and mobilise medium- and long-term capital.

The Cai Mep - Thi Vai deep-water port complex in Ba Ria - Vung Tau province plays a pivotal role in attracting FDI capital to the southeastern region. (Photo: VNA)

Vietnam’s FDI inflow soars by 48.6% in January

The manufacturing and processing industry dominated foreign investment, attracting over 3.09 billion USD, equivalent to nearly 71.3% of total investment and showing a remarkable 99.1% increase year-on-year.

Vietnam's CPI in January 2025 expands by 3.63% year-on-year, while core inflation rose 3.07%. (Photo: VNA)

January CPI up 0.98%

Such factors as adjusted healthcare fees, and higher transportation costs and food prices led to a 0.98% rise in the Consumer Price Index (CPI) in January.

The cargo port in Qingdao, Shandong province, China, on January 13, 2025 (Photo: VNA)

Vietnam - China economic, trade cooperation flourishes

China - Vietnam's economic ties have flourished, with bilateral trade and investment growing rapidly. In 2024, trade reached 260.65 billion USD, up 13.5% from the previous year, while Vietnam is also an important destination for Chinese investors.