Stock market a key capital channel for national development: Experts
Vietnam’s stock market has emerged as a key driver of economic growth, serving as a channel for medium- and long-term capital mobilisation and a launchpad for businesses to enhance governance and financial transparency, said insiders.
Hanoi (VNA) –🃏 Vietnam’s stock market has emerged as a key driver of economic growth, serving as a channel for medium- and long-term capital mobilisation and a launchpad for businesses to enhance governance and financial transparency, said insiders.
According to Minister of Finance Nguyen Van Thang, the establishment of Vietnam’s stock market is a vivid outcome of the country’s reform in mindset and the improvement of its socialist-oriented market economy institutions under the sound leadership of the Party and State.
Over the past 25 years, the stock market has weathered challenges and volatility to achieve remarkable growth in legal framework, market structure, liquidity, transparency, and international integration. From just two listed companies at its inception with a market capitalisation equal to 0.2% of GDP, the market has now expanded to more than 1,600 companies, with the capitalisation of stocks and bonds hitting nearly 100% of GDP, positioning itself as a key mobilisation channel for medium- and long-term capital for the economy.
Through a resilient and steadfast journey in the last 25 years, from its humble beginnings to the standards of an advanced market, Vietnam’s stock market has consistently demonstrated its role and effective contributions across the nation’s development periods.
In the new phase, attention will be paid to finalising the legal framework, strengthening supervision, diversifying products, promoting digital transformation, and expanding global cooperation. The key goal is to upgrade from frontier to emerging market status and affirm its role as a vital channel for mobilising capital.
Meanwhile, Luong Hai Sinh, Chairman of the Members' Council of the Vietnam Stock Exchange (VNX), stated that after 25 years, the stock market has proven to be a launchpad for listed enterprises to establish their brands and expand. It serves as a channel to encourage businesses to enhance governance standards, ensure financial transparency, and foster investors’ trust.
Luong Hai Sinh, Chairman of the Members' Council of the Vietnam Stock Exchange (VNX) (Photo: VNA)
Upgrading the stock market will create greater opportunities for businesses as the country enters a new era of development with strong aspirations and determination, he said, adding that this also motivates enterprises to be more proactive in innovation and deeper integration.
Don Lam, CEO of VinaCapital, emphasised that the stock market has played a pioneering role in Vietnam’s economic transformation and served as a crucial foundation for the development of the private sector, paving the way for the nation’s financial self-reliance.
The market upgrade is an important goal, but not the ultimate destination. More importantly, it aims to boost domestic capital mobilisation, laying a foundation for national financial self-reliance, and affirming Vietnam’s economic position in the context of global integration, he said.
Nguyen Thi Mai Thanh, Chairwoman of the Board of Directors of REE Corporation, said that issuing shares on the stock market is a safe, transparent, and sustainable way to raise capital. She emphasised that investors always expect transparency, clear strategies, and long-term commitment, which in turn fosters healthier growth for businesses.
Insights from representatives of the financial sector, listed companies, and investment funds highlight the market’s resilience, determination, and new directions in an era of deeper global integration./.
FTSE Russell, a member of the London Stock Exchange Group, is set to announce the results of its review of Vietnam’s stock market status this September — a strategic step that can pave the way for significant inflows of international capital.
From modest beginnings, with two listed stocks and a trading value of just 70.4 million VND (2,688 USD), HoSE has emerged as the nation’s largest exchange by market capitalisation and liquidity.
FTSE Russell’s Global Head of Equity and Multi Asset Gerald Toledano praised Vietnam’s reform momentum, noting that its stock market, now the most liquid in ASEAN, has surpassed those of Thailand and Singapore.
By aligning regulatory frameworks more closely with international practices, the Vietnamese Government expects to create a more transparent, efficient and investor-friendly market environment.
The Vietnam Investment and Finance Association (VIFA) in the UK has successfully organised the event “Financial Insights 2025” in London, aiming to strengthen financial and business ties between the two countries.
Equipped with the state-of-the-art Rolls-Royce Trent 700 engine, the A330 aircraft will immediately be put into operation on routes to Australia, Kazakhstan, India, Japan and Europe, offering passengers a modern and comfortable travel experiences.
To deliver on the goal, the document highlighted the need to remove such barriers as pre-funding requirement for foreign investors ahead of trades while the central counterparty clearing (CCP) is being developed. Transparency on foreign ownership limits should be enhanced across all areas, together with streamlined registration procedures for account opening and indirect capital registration.
From September 15, commercial banks and foreign bank branches must maintain a minimum capital adequacy ratio (CAR) of 8%, including at least 4.5% in Tier 1 core capital and 6% in Tier 1 capital.
The State Bank of Vietnam set the daily reference exchange rate at 25,216 VND/USD on September 15, unchanged from the last working day of the previous week.
One of the key growth drivers for the paper packaging industry is the boom in e-commerce, FiinGroup reported, forecasting that the size of Vietnam's e-commerce market will reach 60 billion USD by 2030, leading to a massive demand for corrugated cartons used for shipping.
The Finance Minister's mission in the UK and Italy is expected to unlock new cooperation opportunities across multiple high-potential sectors, contributing to economic and financial cooperation between Vietnam and European countries.
The application integrates artificial intelligence (AI) and is capable of analysing images of wood cross-sections, providing identification results with an accuracy of up to 98.6% in less than one second.
The EU is among the world’s top three importers of farm produce, but Vietnam holds only a 2% share – still modest compared to its agricultural production capacity and potential, which indicates vast growth potential in the EU if backed by a proper strategy.
With clear planning and a complete legal framework, Vietnam could draw private firms’ participation in the project. This is not only about mobilising capital, but also about fostering supporting industries, improving management capacity, and advancing sustainable economic and social development.
The roundtable was regarded as one of the largest international aviation cooperation events held in Vietnam this year. It was positioned as an investment promotion platform, where businesses from both countries - particularly in the fields of aviation and hospitality - had the opportunity to meet, exchange insights, and explore new avenues for cooperation.
State-run Airports Corporation of Vietnam (ACV) has proposed establishing an integrated air logistics centre and non-tariff zone at Long Thanh International Airport in Đồng Nai Province with an aim to turn it into a regional cargo gateway.
In the long term, greater transparency in project listings, administrative reform, and synchronised infrastructure investment will help position HCM City as a real estate hub in Southeast Asia. The city has the opportunity not only to attract FDI into real estate, but also to expand into finance, asset management, and associated services.
To fully harness the sector’s market potential, Vietnam’s coconut industry must pivot towards sustainable development. Eco-friendly cultivation methods, climate resilience, and emissions reduction will be vital in the coming phase.
Milk and dairy products contributed 74.8 million USD, down 11.7%, while exports of meat, meat by-products and post-slaughter by-products brought home 137.7 million USD, representing a 30.4% increase.
PM Pham Minh Chinh demanded a more effective fiscal policy to complement monetary efforts, directing the central bank to focus on exchange rates, interest rates and risk management.
WAGO Group proposed building a biomass power plant in Vinh Long where rice husks would be burned to generate steam for turbines, and the remaining ash would be processed into silica.
The Ta Lung – Shuikou international border gate is expeccted to become a highlight of Vietnam-China border cooperation, serving as an important bridge for socio-economic growth and friendship between the two countries.
