The spectacular transformation of Vietnam's stock market - A launching pad for business development

(Chinhphu.vn) - On July 28, in Ho Chi Minh City, Deputy Prime Minister Ho Duc Phoc attended the 25th anniversary of the Vietnamese stock market and launched a new information technology system.

Deputy Prime Minister Ho Duc Phoc and delegates perform the launching ceremony of the new information technology system - Photo: VGP/Tran Manh

Vietnam's stock market has had spectacular changes.

The 25th anniversary of the Vietnam stock market and the launch of the new IT system are important historical milestones, marking the journey of formation and development with great efforts, resilience and creativity of a modern capital market in a rapidly changing economy , a country entering a new era - prosperity and happiness.

Exactly a quarter of a century ago, the Vietnamese stock market was officially born with the first trading session on July 28, 2000 at the Ho Chi Minh City Stock Exchange.

This event marked the beginning of an important, transparent and effective medium and long-term capital mobilization channel for the national economy. At that time, the market had only 2 listed companies, REE and SAM, with a capitalization of less than 01% of GDP and only about 3,000 trading accounts.

After 25 years of development, the Vietnamese stock market has undergone spectacular changes - Photo: VGP/Tran Manh

Despite its humble beginnings, after 25 years of development, the Vietnamese stock market has undergone spectacular changes.

Specifically, the number of listed and registered enterprises exceeded 1,600 (at the time of establishment there were only 02 enterprises), covering most key economic sectors.

Total stock market capitalization reaches about 8.2 million billion VND, equivalent to nearly 71% of GDP (July 2025) - the highest level in history (6 times higher than 10 years ago).

The bond market, with a size of nearly 30% of GDP - especially government bonds - is a stable capital mobilization channel for the state budget.

The number of investor accounts has exceeded 10 million, showing the deep spread of the market to the whole society;

Billion-dollar trading sessions have become regular, affirming that liquidity and market depth are among the top in ASEAN, surpassing even Thailand and Singapore at many peak times.

Deputy Prime Minister Ho Duc Phoc and Minister of Finance Nguyen Van Thang presented the Prime Minister's Certificate of Merit and congratulated the Ho Chi Minh City Stock Exchange - Photo: VGP/Tran Manh

Stock market: "Launch pad" for businesses to develop rapidly

Not only a channel for capital, the stock market is also a "launch pad" for businesses to develop rapidly. Many listed businesses have become regional corporations.

The stock market has contributed to mobilizing millions of billions of VND for development investment, affirming its role as a "lifeline" alongside the banking and insurance systems of the modern economy and being one of the important pillars of the national financial system.

Not only that, the stock market also plays an important role in the process of equitization of state-owned enterprises.

During the 2011-2020 period, more than 650 enterprises equitized and divested capital through the securities channel, earning more than VND 229 trillion, contributing to promoting publicity, transparency and efficiency.

Minister of Finance Nguyen Van Thang speaks at the ceremony - Photo: VGP/Tran Manh

Resolutely and synchronously deploy solutions to soon upgrade Vietnam's stock market

Speaking at the ceremony, Minister of Finance Nguyen Van Thang expressed that a quarter of a century, although not too long, is a journey of building and developing the Vietnamese stock market with courage and perseverance, from the beginning to the standard of a high-level market of the country's economy.

The Vietnamese stock market has demonstrated its role and effective contribution in each stage of the country's economic development; thereby affirming itself as an important medium- and long-term capital channel for the economy and enterprises.

"These achievements are clear evidence of the correct policies and guidelines of the Party and State, the close guidance of the Government, the effective coordination of ministries, departments, branches and localities, domestic and international organizations... and the tireless efforts of generations of leaders, cadres, workers in the Securities sector and market members," Minister Nguyen Van Thang emphasized.

Vietnam is entering a new era, an era of striving for national development and prosperity. To achieve the great and comprehensive goals set by the Party and the Government, the responsibilities and tasks of the financial sector in general and the securities sector in particular in the coming time are also very heavy, requiring great determination to turn challenges into motivation, contributing to the country's socio-economic development.

Deputy Prime Minister Ho Duc Phoc and delegates attending the celebration - Photo: VGP/Tran Manh

Promoting the achieved results and with the highest determination to complete the goals and tasks assigned by the Government, in the coming time, Minister of Finance Nguyen Van Thang requested the entire securities industry to resolutely implement the following 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 to operate safely, stably and effectively; 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, in order 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 dissemination and knowledge training for investors; promote comprehensive and in-depth international cooperation, enhance the position of the Vietnamese stock market, especially drastically and synchronously deploy solutions to soon upgrade the Vietnamese stock market from a frontier market to an emerging market, thereby strongly attracting domestic and foreign investment capital.

Tran Manh

Source: https://baochinhphu.vn/buoc-chuyen-minh-ngoan-muc-cua-thi-truong-chung-khoan-viet-nam-be-phong-cho-doanh-nghiep-phat-trien-10225072812483889.htm