(VOVWORLD) - This year, Vietnam aims improve the quality of its stock market rather than expanding its size.
 (Photo: BNews/VNA) |
The global and domestic economy went through numerous fluctuations in 2021 but Vietnam’s stock market grew with smooth transactions, stability, and a strong growth of the market size and liquidity. The market drew several domestic and foreign investors and became an important channel for capital mobilization. Last year, the VN-Index several times made new records reaching 1,500.81 points on November 25.
The Vietnamese securities market ended its 2021 transaction in the green and improved liquidity of most indexes. The VN Index closed 2021 at 1,478.96 points, the HNX-Index at 416.73, and the UpCom Index at 109.69.
At the end of 2021, the securities market size was equivalent to 123% GDP with 52 businesses listed in the club of billions USD capitalization. The number of investors in the stock market increased sharply recently raising the liquidity to billions of USD per session.
Vietnam’s stock market is forecast to grow in 2022. Tran Van Dung, Chairman of the State Securities Committee, says this year efforts will be focused on improving the market’s quality to make it more transparent and sustainable during the next decade.
Mr. Dung said: "To make the securities market more sustainable, we have submitted the Ministry of Finance development orientations for the next ten years. We need to reschedule development phases and focus more on quality instead of sizes of products. The strategy will also focus on improving the stock and bond market and strengthening business governance and inspection. Improving quality of the securities market will be the top priority. "
This year, the macro economy and health of Vietnamese businesses are forecast to recover, which is promising for the securities market.