By 2030 there will be 11 million securities accounts.

In order to implement the Financial Strategy to 2030 in conjunction with the 10-year Vietnam Socio-Economic Development Strategy for the period 2021 - 2030, the Ministry of Finance has developed the Stock Market Development Strategy to 2030 and was approved by Deputy Prime Minister Le Minh Khai under Decision No. 1726/QD-TTg on December 29, 2030. The Strategy has set out specific goals such as market size, number of securities accounts and general orientations for developing the Vietnamese stock market to 2030.

Accordingly, Vietnam will create a stable, safe, healthy, efficient, sustainable and integrated market; enhance risk resilience, have a reasonable structure between market components, become an important medium and long-term capital mobilization channel; maintain growth in scale, focus on improving quality; develop green financial instruments, sustainable finance; promote digital transformation in the securities sector...

The goal is that by 2030, the Vietnamese stock market will have 11 million trading accounts.

Specifically, by 2025, the number of securities accounts of investors in the market will reach 9 million accounts and by 2023, it will reach 11 million accounts. In which, focusing on developing institutional investors, professional investors and attracting the participation of foreign investors. Increasing the proportion of government bonds held by non-bank institutional investors to 55% by 2025 and 60% by 2030.

In addition, by 2025, the capitalization of the stock market will reach 100% of GDP, and the outstanding debt of the bond market will reach at least 47% of GDP (of which the outstanding debt of corporate bonds will reach at least 20% of GDP). By 2030, the capitalization of the stock market will reach 120% of GDP, and the outstanding debt of the bond market will reach 58% of GDP (of which the outstanding debt of corporate bonds will reach at least 25% of GDP). The derivatives market will grow by an average of 20-30% per year in the period 2021-2030.

The Government also sets the goal of improving the quality of listed corporate governance above the average level in Southeast Asia; applying good practices on environmental, social and corporate governance standards (ESG standards) at the Stock Exchanges and the Vietnam Securities Depository and Clearing Corporation towards sustainable development according to international practices. Complete the classification of listed shares at the Stock Exchanges in 2025 and strive to upgrade the Vietnamese stock market from a frontier market to an emerging market by 2025 to enhance the development of the Vietnamese stock market and attract more foreign investment capital...

Source link: https://thanhnien.vn/den-nam-2030-se-co-11-trieu-tai-khoan-chung-khoan-18523123111223177.htm