Finance Minister: Stock market will soon be upgraded

5 core goals of the securities industry

This morning (July 28), the ceremony to celebrate the 25th anniversary of the operation of the Vietnamese stock market and launch the new information technology system was held in Ho Chi Minh City.

Speaking at the event, Finance Minister Nguyen Van Thang said that over the past 25 years, the Vietnamese stock market has grown significantly in terms of legal framework, market structure, scale, liquidity, quality, transparency, efficiency and international integration.

Looking back at the early days of its establishment, the market had only 2 enterprises, with a capitalization of only about 0.2% of GDP. To date, the market has over 1,600 enterprises participating in the market, with the capitalization of the stock and bond market reaching nearly 100% of GDP.

The market has also become an important medium and long-term capital mobilization channel for the economy and economic organizations, especially an attractive investment channel with more than 10 million domestic and foreign investor accounts.

In the coming time, the Minister of Finance requested the securities industry to thoroughly grasp the spirit and resolutely implement a number of key tasks.

Firstly, continue to build and perfect a synchronous legal framework in line with international practices, ensuring market stability, transparency and efficiency.

Second, organize the market operation in a safe, stable and effective manner; reform administrative procedures, create favorable conditions for organizations and individuals to participate in the market; improve management capacity, quality of supervision, inspection, examination, and strictly handle violations to enhance transparency and market discipline.

Third, continue to effectively restructure the pillars of the market, increase institutional investors, improve the quality of goods, diversify products and services in the stock market, and meet the diverse needs of the market and investors.

Fourth, promote digital transformation and modernize information technology infrastructure, both effectively serving state management and meeting market development requirements in the new period.

Fifth, strengthen information and propaganda work and provide knowledge training for investors; promote comprehensive and in-depth international cooperation, enhance the position of the Vietnamese stock market. In particular, drastically and synchronously implement solutions to soon upgrade the Vietnamese stock market from a frontier market to an emerging market, thereby strongly attracting domestic and foreign investment capital.

The Minister of Finance believes that with the achievements of the past 25 years, the Vietnamese stock market will soon be upgraded to an emerging market, continuing to develop strongly, sustainably and integrate.

Voices from business leaders

As the representative of the first enterprise listed on the market, Ms. Nguyen Thi Mai Thanh - Chairwoman of Refrigeration Electrical Engineering Company (stock code: REE) - said that since 2000, she has believed that the stock market is not only an effective capital mobilization channel for enterprises but also helps investors flexibly choose portfolios, create liquidity for stocks, and promote the economy.

REE Chairman assessed that over the past 25 years, the Vietnamese stock market has continuously developed, overcoming many ups and downs, including two global crises in 2009 and recently due to geopolitical fluctuations.

Currently, although capital mobilization channels have become more diverse (including banks, corporate bonds and issuing shares through the stock market), Ms. Mai Thanh found that the banking channel still accounts for a large proportion, with interest rates at many times higher than the regional average.

Regarding the channel of issuing shares through the stock market, the Chairman of REE believes that this is a safe, transparent and sustainable method of capital mobilization. Investors in the market always demand high transparency, clear strategies and long-term companionship with businesses. This creates motivation for businesses to develop more healthily.

The Vietnamese stock market is aiming for an upgrade. Ms. Thanh assessed that this is an opportunity for the business community in the context of the country entering a new era with development aspirations, strong belief and high determination.

Sharing the same view, Mr. Don Lam - Co-founder and General Director of VinaCapital Fund - said that over the past 25 years, the stock market has played a pioneering role in the transformation of the Vietnamese economy.

Looking ahead, the role of the stock market will become even more important in helping Vietnam achieve its long-term goals, including strong private sector development and national financial autonomy.

Mr. Don Lam believes that the key to sustainable development is the transformation of the market, with institutional investors playing an important role, promoting IPOs and pioneering new products such as pension funds, infrastructure funds and real estate investment trusts (REITs).

Source: https://dantri.com.vn/kinh-doanh/bo-truong-tai-chinh-thi-truong-chung-khoan-se-som-duoc-nang-hang-20250728113835579.htm