Opportunities for Vietnam’s securities market to grow in 2015 are abundant since the macro economy showed positive recovery signals over the last year, said Chairman of the State Securities Commission Vu Bang.

At the first transaction day of 2015 at the Hanoi Exchange (HNX) on January 5, Bang said accelerated equitisation in combination with share listings and restructuring measures, including the building of new products such as the exchange traded fund (ETF), will help the market develop better this year.

This year, stock market management agencies will focus on perfecting Decree 58 on guiding the implementation of a number of articles of the Law on Securities, which is expected to help attract foreign investment and promote the market’s growth, he noted.

Additionally, the building of the derivatives market, which is proactively deployed in 2014, will also be stepped up, Bang stressed, adding that HNX has built a technical system for the tool’s operation in 2016, with a hope of luring more capital.

Bang voiced that the upgrade of market and the restructuring of securities-trading organisations will be also fostered in the year so as to attract foreign capital inflows.
According to the Chairman, the country’s securities market reaped great successes in 2014, mobilising nearly 250 trillion VND (11.75 billion USD). Auctions were also intensified, collecting nearly 13 trillion VND, 4 times higher than that of 2013.

The capitalisation rate increased 19 percent, while the transaction size doubled 2013’s. The bond market also grew robustly, averaging 23 to 25 percent.

The same day, HNX introduced the Bond-Index and announced that it officially changed the HNX-Index calculation method.-VNA