Will upgrade the market, bring new information technology system into stock trading

Minister of Finance Nguyen Van Thang assigned many important tasks to the securities industry in 2025. These include promoting the upgrade from frontier to emerging and introducing new information technology systems into trading.

Minister of Finance beats gong to open the first trading session of 2025 - Photo: BK

The gong-beating ceremony to open the first stock trading session of 2025 took place at the Hanoi Stock Exchange this morning (January 2).

Speaking at the event, Mr. Nguyen Van Thang - Minister of Finance, said that the stock market last year was greatly affected by the macro economy and international securities but still maintained good stability, being an important capital channel for the economy.

By the end of 2024, the VN-Index will reach 1,266.78 points, up 12.11% over the same period in 2023. According to the leader of the Ministry of Finance, the stock market capitalization will exceed 7 million billion VND, up 20% over the same period, equivalent to 70% of GDP in 2023.

The average transaction value per session reached over VND20,800 billion, an increase of over 18% compared to last year. The liquidity of the individual trading system increased sharply, with an average of over VND4,000 billion per session.

Emphasizing that in 2025, the economy needs to accelerate by unlocking resources, Mr. Thang assigned many important tasks to the securities industry.

"It is necessary to improve infrastructure and attract investors, especially international investors. It is necessary to create a transparent, safe and attractive environment so that the Vietnamese stock market becomes a reliable destination for both domestic and foreign investors," Mr. Thang emphasized.

The Commander of the financial sector assigned the Securities Commission, exchanges and relevant agencies to continue perfecting the legal framework and implementing the market development strategy until 2030. In 2025, the stock market will be upgraded from frontier to emerging.

Mr. Thang also emphasized that the industry must ensure continuous transaction operations and soon put the new information technology system (KRX) into operation to ensure synchronization in transactions...

At the same time, it is necessary to strengthen inspection and strictly handle violations in the stock market; limit the psychological impact of bad news and toxic news on the stock market. Thereby narrowing the gap between the Vietnamese stock market and the world market.

In addition, Mr. Thang emphasized the need to research and build a secondary carbon credit trading system.

Speaking at the ceremony, Ms. Vu Thi Chan Phuong - Chairwoman of the Securities Commission, requested that the stock exchanges and relevant agencies thoroughly implement many assigned tasks immediately.

"Operate the market stably and smoothly, ensuring security and safety in all situations, especially in the context of the market's efforts to upgrade. At the same time, speed up the implementation of the new information technology system," Ms. Phuong reminded the units.

According to the leader of the Securities Commission, exchanges and depository companies need to create conditions for foreign investors to participate and remove their obstacles to ensure the goal of upgrading by 2025.

The directive from Ms. Phuong and the leaders of the Ministry of Finance was issued in the context of the Vietnamese stock market witnessing a record year of net selling by foreign investors, nearly 95,000 billion VND in the whole year of 2024.

Source: https://tuoitre.vn/se-nang-hang-thi-truong-dua-he-thong-cong-nghe-thong-moi-vao-giao-dich-chung-khoan-20250102104834678.htm