Vietnam’s securities market to evolve into emerging market

(VOVWORLD) - Vietnam’s securities market aims to evolve into an emerging market with improved performance and competitiveness globally, contributing greatly to Vietnam’s progress towards being a modern prosperous industrial country by 2045. 
Vietnam’s securities market to evolve into emerging market - ảnh 1 Prime Minister Nguyen Xuan Phuc attends the 20th anniversary of Vietnam's securities market on July 20, 2020. (Photo: VGP)

The goal was set by Prime Minister Nguyen Xuan Phuc on Monday on the 20th anniversary of Vietnam’s securities market and the Ho Chi Minh Stock Exchange (HOSE).

“Vietnam’s securities market, in the past 20 years, has overcome enormous difficulties to expand considerably in organization, scale, and operation quality. It has become a major channel of capital mobilization for enterprises and the entire economy. Vietnam’s securities market is trying to improve its status regionally and globally,” said Prime Minister Phuc.

The number of listed companies has grown from two, when the securities market was first launched, to 1,600 today, with a total capitalization of over 170 billion USD, 65% of Vietnam’s GDP.

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