The local securities market is expected to further expand in the last months of the year after two trading regulations are put into practice in November.
Prime Minister Nguyen Xuan Phuc has emphasised the need to publicly choose qualified consultant firms in order to prevent state capital losses caused by wrong stake valuations.
The Hanoi Stock Exchange (HNX) has mobilised 212 trillion VND (9.46 billion USD) in Government bonds for the State budget in the first half of this year, said Nguyen Thanh Long, the exchange chairman.
The Unlisted Public Company Market (UPCoM) has been in operation for seven years with over 300 enterprises participating and market capitalisation reaching nearly 70 trillion VND (3.2 billion USD).
The Hanoi Stock Exchange has welcomed three new companies to the Unlisted Public Companies (UPCoM) market, reaching capitalisation of more than 108.4 trillion VND (5 billion USD).
The classification of stocks on the Unlisted Public Company Market (UPCoM) will have a positive impact on the stock market, according to experts and analysts.
Vietnamese shares were mixed on November 23 on the two local exchanges, while banks fell amid concerns over the Government inspections next year on some financial institutions.
Equitised state-owned enterprises (SOEs) would be able to be listed
directly on the stock market and skip the Unlisted Public Company Market
(UPCOM) if they were qualified, an official told Securities Investment
magazine.