Many opportunities for the stock market
According to Ms. Pham Thi Thuy Linh - Head of the Securities Market Development Department - State Securities Commission (Ministry of Finance), in order to achieve the growth target of 8% or more in 2025, most sectors of the economy have made strong breakthroughs, such as: Manufacturing and processing sector increased by 9.7%; services increased by 8.1%; retail increased by 12% and import and export increased by over 12%.
Along with that, the public investment plan for 2025 increased by nearly 30% compared to the actual implementation in 2024. These factors are forecasted to support the completion of the GDP target plan for 2025.
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| Positive macroeconomic signals have created momentum for the stock market in the first months of 2025. Illustrative photo |
Positive signals from the macro economy have created momentum for the stock market in the first months of 2025. As of February 25, 2025, the VN-Index reached 1,303.16 points, up 2.9% compared to the end of 2024; the stock market capitalization reached VND 7,292 trillion, up 1.7% compared to the end of 2024.
Listing and trading registration activities as of the end of January 2025, the market had 723 stocks and fund certificates listed on the two Stock Exchanges of Hanoi and Ho Chi Minh City, 886 stocks registered for trading on the UPCoM floor with a total listing and trading registration value of VND 2,350 trillion, an increase of 2.35% compared to the end of 2024. The average trading value in February was VND 17.46 trillion/session, an increase of 36.1% compared to the average of the previous month.
According to Ms. Pham Thi Thuy Linh, the number of investor accounts in the stock market as of the end of January 2025 reached 9.38 million accounts, an increase of 80,718 accounts, equivalent to an increase of 0.87% compared to the end of 2024. Of which, the number of domestic investor accounts increased by 0.87% compared to the end of 2024 and the number of foreign investor accounts increased by 0.33% compared to the end of 2024.
Another factor that is also expected to stimulate the development of the Vietnamese stock market in 2025 is that the new criteria to renew the VN30 index of the Ho Chi Minh City Stock Exchange are expected to bring new attractiveness to the Vietnamese stock market, contributing positively to attracting foreign capital. Along with that, the rapid growth of artificial intelligence technologies such as electric vehicles, renewable energy, etc. also brings the expectation that capital mobilized from the stock market will flow into the production and business sector to promote sustainable economic growth.
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| The State Securities Commission is focusing on implementing 6 solutions to develop the Vietnamese stock market in 2025. Illustrative photo |
6 solutions for the stock market
According to Ms. Pham Thi Thuy Linh, Vietnam has identified 2025 as a pivotal year to open a new era - the era of national development. To contribute to the growth target of 8% or more, as an important and main medium and long-term capital mobilization channel of the economy, the State Securities Commission is aiming to upgrade the Vietnamese stock market and maintain a transparent, safe and attractive investment environment to attract domestic and foreign investment capital.
To achieve that goal, the State Securities Commission is focusing on implementing 6 synchronous solutions to develop the Vietnamese stock market in 2025, including: First , continuing to innovate mechanisms and policies to meet the requirements for the continuous development of the Vietnamese stock market; creating favorable conditions for domestic and international investors to participate in the Vietnamese stock market, creating favorable conditions for businesses to access capital and mobilize capital through the stock market.
Second , continue to reform and reduce administrative procedures, aiming to: Shorten the time for businesses to raise capital through the stock market to promote IPO activities, securities issuance, and create goods on the Vietnamese stock market; Shorten the time between IPO and listing to encourage IPO associated with listing; Reduce the time and procedures for opening investment accounts on the stock market to help domestic and international investors easily access and participate in investing in the Vietnamese stock market.
In addition, it will closely coordinate with the State Bank of Vietnam to simplify procedures and processes for opening indirect investment accounts for foreign investors in Vietnam.
Third , continue to research and develop new products in the Vietnamese stock market to increase investment options and opportunities for investors, such as encouraging and promoting businesses to issue green bonds and sustainable bonds; Enhance the social responsibility of listed companies through the development of ESG stock indexes; Research to diversify financial products and services, especially new financial products such as pension funds, real estate investment trusts, and more complex derivative products. In addition to traditional products in the stock market, the State Securities Commission is also researching to deploy a carbon credit trading floor and pilot a crypto-asset trading market.
Fourth , restructuring the Vietnamese stock market and the investor base will be implemented. Accordingly, the listed stock market and the Upcom trading registration market will be arranged in accordance with market development conditions, supporting domestic and international investors to optimize the evaluation and selection of products for investment.
In addition, focus on restructuring the investor base, focusing on: Developing fund institutions, gradually increasing the scale and financial potential of fund management companies to encourage the participation of foreign investors and institutional investors in the Vietnamese stock market; training investors to continue raising awareness of safe investment, encouraging investors to focus on long-term investment; supporting transparent corporate governance, full disclosure of information to contribute to the development of a stable and sustainable market; supporting listed companies and securities companies to avoid risks.
Fifth , continue to strengthen the application of information technology, modernize the Vietnamese stock market, research the application of information technology in the Vietnamese stock market such as the application of artificial intelligence in management and supervision activities in the stock market.
Sixth , continue to strengthen international cooperation, enhance Vietnam's image and position in the international arena; approach international standards and practices; closely coordinate with international rating organizations to aim for market upgrade in 2025.
| Ms. Pham Thi Thuy Linh - Head of the Securities Market Development Department - State Securities Commission (Ministry of Finance): The steady increase in the number of securities accounts of new investors entering the market is a positive sign showing that the Vietnamese stock market continues to maintain its attractiveness and also shows opportunities for the Vietnamese stock market in 2025. |
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