(NLDO) - By the end of November 2024, the total mobilization on the stock market will reach over 500,000 billion VND.
The State Securities Commission (SSC) has just held a conference to review its work in 2024 and set out key tasks for 2025. The report at the conference showed that despite facing many challenges from the global geopolitical situation, the Vietnamese stock market in 2024 will still maintain positive growth momentum.
As of December 12, the VN-Index reached 1,267.35 points, up 12.2% compared to the end of 2023. The market capitalization of stocks on the three main exchanges (HOSE, HNX, UPCoM) increased by 19.6%, reaching a level equivalent to 69.4% of GDP in 2023. The number of securities accounts also exceeded 9.1 million, equivalent to 9% of the population, far exceeding the strategic target by 2030.
In the first 11 months of 2024, the total capital mobilization on the stock market reached more than VND 500,000 billion. Of which, mobilization through the offering of shares and bonds of public companies reached VND 173,000 billion, including VND 134,800 billion from shares and VND 38,200 billion from bonds. Capital mobilization for the state budget through government bonds reached VND 323,000 billion, an increase of 5.8% over the same period in 2023.
Minister of Finance Nguyen Van Thang speaks at the direction of the securities industry 2025
Speaking at the conference, Minister of Finance Nguyen Van Thang appreciated the efforts of the State Securities Commission in applying solutions to create a healthy, fair, safe business environment, protect investors, unlock resources, and promote the country's socio-economic development.
In 2025, the Minister requested the SSC to continue: Urgently deploy organizational arrangement and streamlining the apparatus in accordance with the policy; Continue to organize and operate the market to operate stably, smoothly, ensuring security and safety; Speed up the implementation of the new information technology system; Quickly deploy other information technology projects to modernize management and supervision activities; Build a stock market that develops in an effective and modern direction, increasingly approaching international standards and practices; Rearrange the market, classify listed companies in accordance with market development conditions; Research and develop a secondary carbon credit trading market, a trading market for innovative startups; Focus on implementing the digital transformation plan, administrative reform, etc.
In particular, it is necessary to strengthen international cooperation, aiming to upgrade the market in 2025. In addition, it is necessary to strengthen supervision, inspection, and discipline in the stock market; as well as promote propaganda and dissemination of knowledge about securities to investors...
Ms. Vu Thi Chan Phuong, Chairwoman of the State Securities Commission, affirmed that "the State Securities Commission will focus resources and seriously implement specific tasks assigned by the Minister to the securities industry". In particular, it will continue to maintain the stability and sustainable development of the stock market, contributing to the successful implementation of the socio-economic development task in 2025, creating a premise for the country to enter a new era - the era of national prosperity and prosperity, towards the successful implementation of the 10-year socio-economic development strategy goal 2021-2030.
Source: https://nld.com.vn/bo-truong-bo-tai-chinh-yeu-cau-nhieu-van-de-lien-quan-den-chung-khoan-196241219091304933.htm
Comment (0)