In 2023, the Vietnamese stock market (VSMC) will experience many fluctuations due to the influence of regional and global factors such as increased geopolitical tensions, low economic growth, high inflation and decreased consumer demand...
However, with the domestic macro-economic picture maintained stable and many timely economic management policies of the Government, effectively supporting the Vietnamese stock market. In general, compared to other countries in the region and the world, the Vietnamese stock market is still assessed to have positive growth.
Securities trading activities on the Ho Chi Minh City Stock Exchange (HOSE) in the second half of 2023 showed signs of recovery and had many bright spots.
Headquarters of Ho Chi Minh City Stock Exchange.
340 new stocks listed in 2023
At the end of the trading session on December 29, 2023, the VNIndex reached 1,129.93 points, up 12.19% compared to 2022. The capitalization of listed stocks on HOSE as of December 29, 2023 reached more than VND 4.55 million billion, up about 13.4% compared to the end of 2022 and equivalent to 47.9% of GDP in 2022.
The total volume of securities transactions in 2023 will reach more than 193 billion securities with a total transaction value of nearly 3.8 million billion VND, corresponding to an average transaction volume of nearly 775.3 million securities/day (an increase of 11.8% compared to 2022) and an average transaction value of 15,265 billion VND/day (a decrease of 11.1% compared to 2022).
By the end of 2023, on HOSE, there were 42 enterprises with a capitalization of more than 1 billion USD, an increase of 5 enterprises compared to the end of 2022. Of which, Joint Stock Commercial Bank for Foreign Trade of Vietnam (VCB) is the only enterprise with a capitalization of 19 billion USD.
As of December 29, 2023, there are 394 stock codes, 14 ETF certificates, 04 closed-end fund certificates and 229 CW codes listed and officially traded on HOSE. The total volume and value of listed securities reached 154.9 billion securities and more than 1.53 million billion VND, respectively, an increase of about 7.7% in volume and 7.0% in value compared to the end of 2022.
In 2023, there will be 340 new securities listed and traded on HOSE, including 5 stock codes, 3 ETF fund certificates, 1 closed-end fund certificate and 331 CW codes with listing volume of 269 million shares, 16.5 million ETF fund certificates, 17.28 million closed-end fund certificates and 2.65 billion CWs, respectively.
In addition, 214 securities were delisted, including 13 compulsory delisted stocks with a volume of 1.42 billion shares and 201 CW stocks were delisted due to maturity with a volume of 1.58 billion CW. The volume of treasury shares registered to execute was 65.4 million shares (of which 34.1 million shares were registered for sale, 31.3 million shares were sold/repurchased by employees) and nearly 63.6 million shares were traded (an increase of 35% compared to the whole year of 2022).
Promote the stock market to operate safely, stably and effectively
HOSE always focuses on supervision work, in the past year, it has detected and promptly reported to the State Securities Commission many cases of information disclosure violations. In addition, the Department has been coordinating with the State Securities Commission, VSDC and VNX in closely monitoring and promptly handling violations of insiders and related parties, ensuring market transparency.
In order to improve the quality of supervision of listed companies and the review of listing registration dossiers, HOSE has signed a memorandum of understanding with the Vietnam Association of Certified Public Accountants (VACPA) to provide internal training and answer questions about accounting and auditing.
At the same time, HOSE also signed a Memorandum of Understanding with the International Finance Corporation (IFC) and the Association of Chartered Certified Accountants (ACCA) to implement activities to improve the quality of environmental and social reporting of listed companies through the Sustainable Development Report Award within the framework of the Listed Company Awards.
In addition, HOSE coordinated with the State Securities Commission and Deloitte to organize a knowledge sharing session on skills to review key items on financial statements...
In addition to strengthening supervision, HOSE coordinates with partners to implement activities to raise awareness of listed companies in information transparency and corporate governance; HOSE regularly organizes seminars to update regulations and policies related to the stock market, training programs to disseminate good international practices on corporate governance, sustainable development (PTBV) and guide and train listed companies in implementing regulations on corporate governance to incorporate the role of corporate governance and sustainable development into the vision and long-term development strategy, thereby enhancing corporate value and increasing investor confidence.
This was demonstrated at the VLCA Listed Company Awards Ceremony this year with more than 50 outstanding listed companies (out of nearly 600 companies participating on the two exchanges HOSE and HNX) in 3 categories: annual report, corporate governance and sustainable development report.
HOSE sets out key tasks to be implemented in 2024, including: organizing stable, safe and smooth securities trading activities; improving the quality of listed goods, promoting corporate governance activities as well as sustainable development at listed enterprises; and improving the capacity and quality of supervision work, enhancing the application of information technology in supervision activities and standardizing supervision data.
HOSE is determined and strives to further enhance operational efficiency to promote the stock market to develop stably, safely, healthily and sustainably.
Red Army
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