Vietnam ’s securities market has developed strongly despite the globalcrisis, said Deputy Prime Minister Nguyen Sinh Hung.
At a ceremony to mark the 10 th anniversary of the market’s operationon July 18, the Government leader attributed that development partly tothe separation between the market’s management function and organisationand operation functions.
Thanks to the securities market, thecountry had also built financial and monetary markets and the market hadcreated another channel for long-term capital for enterprises, he said.
Hungsaid in the coming period transparency must be increased and thequality of products on the market must be improved to ensure theinterest of investors.
It was reported at the celebration thatsince its inception on July 10, 2000, the stock market saw a 25 foldrise in the value of each transaction, from 55 billion VND to 1.3trillion VND per session on average.
The listed companiesjumped from two to 550, with their capital amounting to 700 trillionVND, which accounted for 40 percent of the country’s GDP.
In therecent five years, capital mobilised via the stock market reached 300trillion VND, or 20 percent of the national GDP.
Over the decade,the market witnessed a surprising soar in the number of stockcompanies, from seven to 105, and also in the number of investmentfunds, from the only one to 46 at present.
The number ofinvestors’ accounts skyrocketed from 3,000 in the year 2000 to 950,000,including 12,000 registered by foreign investors, who have so farinjected a total of nearly 7 billion USD into securities in Vietnam./.
At a ceremony to mark the 10 th anniversary of the market’s operationon July 18, the Government leader attributed that development partly tothe separation between the market’s management function and organisationand operation functions.
Thanks to the securities market, thecountry had also built financial and monetary markets and the market hadcreated another channel for long-term capital for enterprises, he said.
Hungsaid in the coming period transparency must be increased and thequality of products on the market must be improved to ensure theinterest of investors.
It was reported at the celebration thatsince its inception on July 10, 2000, the stock market saw a 25 foldrise in the value of each transaction, from 55 billion VND to 1.3trillion VND per session on average.
The listed companiesjumped from two to 550, with their capital amounting to 700 trillionVND, which accounted for 40 percent of the country’s GDP.
In therecent five years, capital mobilised via the stock market reached 300trillion VND, or 20 percent of the national GDP.
Over the decade,the market witnessed a surprising soar in the number of stockcompanies, from seven to 105, and also in the number of investmentfunds, from the only one to 46 at present.
The number ofinvestors’ accounts skyrocketed from 3,000 in the year 2000 to 950,000,including 12,000 registered by foreign investors, who have so farinjected a total of nearly 7 billion USD into securities in Vietnam./.
