The average daily trading value in the Vietnamese stock market has reached more than 30.84 trillion dong ($1.34 billion) per session so far this year, up 15.9% from the figure of last year and now the second largest in ASEAN, only after Thailand, according to the Ministry of Finance.
By the end of March, the market size had increased by 3.37% from a year earlier to nearly 1.8 trillion dong, or 21.4% of gross domestic product (GDP). There are 768 securities and fund certificates listed on the Ha Noi Stock Exchange (HNX) and the Ho Chi Minh City Stock Exchange (HoSE), while another 883 are listed on the Unlisted Public Company Market (UPCOM).
The number of securities accounts is on the rise, with more than 676,600 new openings in the first quarter of 2022, almost equal to the figure for 2021. The total of accounts has exceeded 4.98 million so far, an increase of 15, 7% compared to the end of last year.
However, stocks have suffered a decline in recent weeks due to negative rumors in the real estate and securities sectors, coupled with rising political tensions globally. The benchmark VN index closed at 1,406.45 points on April 19, down 6.1% from the end of last year. Similar trends have been observed elsewhere in the world, especially in major markets such as the United States, Germany, South Korea, France and Japan.
The Ministry of Finance has instructed the State Securities Commission (SSC) to accelerate the improvement of the related regulatory framework and finalize the strategy for the development of the stock market by 2030 to further improve its transparency. and promote stable growth.
The SSC has also been tasked with stepping up inspections, cracking down on violators and promoting the restructuring of securities and fund management companies.
VIET NAM NEWS/ASIA NEWS NETWORK