ANTD.VN - After 2 months of sharp decline with more than half a million accounts decreasing, the number of securities accounts of domestic individual investors increased again last December.
According to data from the Vietnam Securities Depository (VSD), in December 2023, the number of domestic investor accounts increased by 39,430 accounts.
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Number of Vietnamese securities accounts in 2023 |
Thus, this is the first time after 2 consecutive months of decrease in the number of securities accounts due to the "cleaning" of securities trading participant data by the authorities. Accordingly, securities accounts that do not generate transactions will be closed by securities companies.
Specifically, in November, the number of investors' securities accounts decreased by more than 193,045 accounts, and in October it decreased by 377,973 accounts.
However, December still saw more than 116,000 securities accounts closed, while nearly 156,000 new accounts were opened.
In 2023, the number of domestic investor accounts increased by a total of 385,700, reaching more than 7.23 million accounts at the end of the year, equivalent to about 7.2% of the population.
Including the accounts of institutional investors and foreign investors, the number of securities accounts in the country has reached over 7.29 million.
According to the newly approved Stock Market Development Strategy to 2030, Vietnam aims to reach 9 million investor securities trading accounts in the stock market by 2025 and 11 million accounts by 2030.
In particular, the Government requires focusing on developing institutional investors, professional investors and attracting the participation of foreign investors.
The stock market capitalization scale strives to reach 100% of GDP by 2025 and 120% of GDP by 2030. Bond market outstanding debt will reach at least 47% of GDP (of which corporate bond outstanding debt will reach at least 20% of GDP) by 2025 and at least 58% of GDP (of which corporate bond outstanding debt will reach at least 25% of GDP) by 2030.
The derivatives market is expected to grow at an average of 20-30% per year during the period 2021-2030.
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