The Securities industry plays an important and main role as a medium and long-term capital mobilization channel for the economy.

NDO - The Securities Industry needs to make more efforts, focusing on implementing strong solutions so that the market continues to develop stably and sustainably, affirming and promoting its role as an important and main medium- and long-term capital mobilization channel of the economy.

On the morning of February 5 (January 8, At Ty year), at Ho Chi Minh City Stock Exchange (HOSE), the gong-beating ceremony to open the spring stock trading took place. This is a traditional activity that takes place every year on the first day of the lunar new year, expressing the wish and belief that the stock market will reap many successes in the new year.

Vietnam's stock market in 2024 will operate stably, safely, smoothly and grow.

Speaking at the opening ceremony, Ms. Nguyen Thi Viet Ha, Acting Chairwoman of the Ho Chi Minh City Stock Exchange, said that in 2024, although the world economic situation still had many unstable factors, under the close direction and management of the Government, the GDP growth rate of the Vietnamese economy exceeded the plan. Thanks to that, the Vietnamese stock market in 2024 continued to maintain stable, safe, smooth operations and growth.

At the end of the last trading session of 2024, the VN-Index reached 1,266.78 points, up 12.11% compared to 2023, ranking third in the region after the Singapore and Malaysian markets. The average liquidity of the Vietnamese stock market reached VND 18,685 billion/day, up 22.4% compared to 2023, ranking third in the region after the Thai and Singapore markets. The market capitalization of stocks on HOSE reached about VND 5.21 million billion, up 14.3% compared to the end of the previous year.

2025 is the milestone marking 25 years of operation of HOSE and the Vietnamese stock market. Facing the new opportunities of the Vietnamese stock market, HOSE continues to inherit and promote the achieved results, resolutely implementing the tasks and solutions, including the goal of putting the new information technology system into operation, in order to bring more new products and services to the market, ready for upgrading the stock market.

Deputy Minister of Finance Nguyen Duc Chi gave a speech at the 2025 Spring Gong Ceremony.

Speaking at the ceremony, Mr. Nguyen Duc Chi, Deputy Minister of Finance, highly appreciated and commended the efforts of the State Securities Commission, Stock Exchanges, ministries, branches, localities, the business community, market members and the investing public who have joined hands and unanimously with the management agency to contribute to helping the stock market operate safely, stably, transparently and effectively in 2024.

Commenting on the new year, the Deputy Minister affirmed that 2025 is a year with many important milestones for the country, a pivotal year to end the socio-economic development plan for the period 2021-2025. With important changes and decisions of the Party, the revolution to streamline the apparatus to ensure efficiency, effectiveness and efficiency, the Government is also building and implementing solutions to strive to bring the economic growth targets in 2025 to a higher level than the set plan, creating conditions for the target of double-digit GDP growth in the period 2026-2030.

Solutions for the stock market to continue to develop stably and sustainably in 2025

To achieve these goals, the Deputy Minister directed the Securities industry to make more efforts, focusing on implementing strong solutions so that the market continues to develop stably and sustainably, affirming and promoting its role as an important and main medium- and long-term capital mobilization channel of the economy, specifically:

Firstly , proactively complete the legal framework, promptly issue documents guiding the implementation of the amended Securities Law; deploy solutions to implement the Strategy for stock market development to 2030, reform administrative procedures to create maximum conditions according to legal regulations for organizations listed and registered for trading, capital mobilization, operations of intermediary financial institutions and investors.

Second , ensure the stock market operates stably, safely, continuously, smoothly, and soon put new information technology systems into operation to deploy new products and services, and increase market quality.

Third , meeting the conditions and criteria for the Vietnamese stock market to be upgraded to an emerging market in 2025, creating a new step forward for the stock market, bringing benefits to market participants, and increasing foreign capital flows into the Vietnamese stock market.

Chairwoman of the State Securities Commission Vu Thi Chan Phuong spoke at the ceremony.

Fourth , promote compliance with the law, continue to strengthen supervision and maintain order, discipline and market discipline; strictly handle violations and manipulation, ensure the stock market operates more transparently and healthily, and protect the legitimate interests of organizations and individuals in the market.

Fifth , increase search and promote quality and potential businesses to list in accordance with regulations, expand the market, and create high-quality goods on the stock market.

Also at the gong-beating ceremony, on behalf of the Securities industry, Ms. Vu Thi Chan Phuong, Chairwoman of the State Securities Commission, sincerely thanked the leaders of the Ministry of Finance for their attention, encouragement, and close direction; at the same time, she committed to making the greatest efforts and determination to effectively implement the proposed solutions and action plans, implement solutions to achieve the set goals, ensure the smooth and effective operation of the stock market, create conditions for genuine listed enterprises to mobilize well on the stock market, and soon complete the goal of upgrading the stock market.

Source: https://nhandan.vn/nganh-chung-khoan-phat-huy-vai-tro-la-kenh-huy-dong-von-trung-dai-han-quan-trong-va-chu-yeu-cua-nen-kinh-te-post858777.html