Striving to upgrade Vietnam's stock market

On the morning of January 31 (the 10th day of the Lunar New Year), the Ho Chi Minh City Stock Exchange held a gong-beating ceremony to open the first trading session of the year of the Cat 2023 with the participation of Deputy Minister of Finance Nguyen Duc Chi, Chairman of the Ho Chi Minh City People's Committee Phan Van Mai and representatives of the Vietnam Stock Exchange, Vietnam Securities Depository and Clearing Corporation, and listed companies.

Deputy Minister of Finance Nguyen Duc Chi beats the gong to open the stock exchange trading in the spring of Quy Mao 2023

Ms. Nguyen Thi Viet Ha - Acting Chairwoman of the Ho Chi Minh City Stock Exchange (HOSE) - said that in 2022, despite experiencing many strong fluctuations, overall, the Vietnamese stock market still maintained stable, smooth and safe operations. In general, most listed enterprises recovered after the Covid-19 pandemic with profitable business operations. Foreign investors returned to net buying more than VND 26,000 billion compared to net selling of VND 58,000 billion in 2021.

Positive results in the socio-economic situation, inflation under control, major balances ensured; monetary and fiscal policies being managed proactively, flexibly and effectively are positive fundamental factors of the Vietnamese stock market. HOSE affirms its determination to focus all resources to implement important tasks in 2023, focusing on putting the KRX information technology system into operation.

Ms. Vu Thi Chan Phuong, Chairwoman of the State Securities Commission, said that in 2023, the securities industry will focus on and persistently follow the set tasks. That is, reviewing and studying legal regulations and mechanisms and policies to promptly amend and supplement them, ensuring that they are consistent with the current and future development of the stock market; promoting restructuring and perfecting the foundation systems for market organization and operation, focusing on accelerating the completion of the KRX information technology system into operation; strengthening inspection and supervision of violations, ensuring market discipline; strengthening propaganda and strengthening investor confidence.

At the same time, the State Securities Commission will continue to coordinate with international organizations and proactively propose that the Ministry of Finance organize discussions with relevant ministries and branches so that Vietnam's stock market can soon be upgraded from frontier to emerging.

Source: https://thanhnien.vn/phan-dau-nang-hang-thi-truong-chung-khoan-viet-nam-185230131112451199.htm