Stock market capitalisation equals to 34 percent of GDP
The capitalization of Vietnam’s stock market was estimated at more than 1,325 trillion VND (58.8 billion USD), equal to 34 percent of the country’s Gross Domestic Products (GDP), this year.
Hanoi (VNA)🍰 - The capitalization of Vietnam’s stock market was estimated at more than 1,325 trillion VND (58.8 billion USD), equal to 34 percent of the country’s Gross Domestic Products (GDP), this year.
Chairman of the State Securities Commission (SSC) Vu Bang made a statement at a recent conference to review the SSC performance in 2015 and plans for 2016.
Despite fluctuations in the global market, Vietnam’s stock market remained quite stable during this year. It was seen as an attractive destination for foreign capital inflows in the region, he said.
According to the SSC, Vietnam has had 47 newly-listed companies so far this year while 33 other companies have been delisted. As of December, more than 680 stocks and fund certificates were listed on the two bourses in Hanoi and Ho Chi Minh City with a total market value of approximately 528 trillion VND (23.42 billion USD), up 24 percent year on year.
Newly-registered shares on the Unlisted Public Company Market (UPCoM) doubled last year’s figure to 72 this year. It has brought up the number of stocks traded on UPCoM to 243, worth 47.6 trillion VND (2.1 billion USD), a year on year increase of 97 percent.
Investor accounts amounted to about 1.5 million in 2015, up 7 percent.
Speaking at the conference, Deputy Finance Minister Tran Xuan Ha said the SSC should continue restructuring the domestic stock market and improve its legal framework, while closely monitoring the stock market.-VNA
The State Securities Commission (SSC) plans to issue legal documents this month to assist in the implementation of its five primary policy orientations for development of Vietnam's stock market.
The Finance Ministry's new circular, providing guidance on trading rules for unlisted securities, is expected to improve the transparency of public companies and better protect investors' interests.
Vietnamese shares rose on Dec. 17 for a third day on investor expectations that the market will likely continue this week's gains for the rest of this year.
Vietnamese Ambassador to Cambodia Nguyen Minh Vu led a delegation to Mondulkiri, Ratanakiri, and Kratie provinces from August 5-8, aiming to deepen economic ties and support Vietnamese businesses operating in Cambodia’s northeastern region.
Party General Secretary To Lam’s upcoming state visit to the Republic of Korea (RoK) is expected to mark a new milestone in the bilateral relationship, creating fresh momentum for trade and investment cooperation between the two countries.
In the context of the growing global digital economy, digital transformation and the promotion of e-commerce are key drivers helping Vietnam boost integration, enhance competitiveness, and expand export markets, according to the Vietnam E-commerce and Digital Economy Agency
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Viettel was ranked third for overall mobile performance with a score of 82.56 just behind UEA’s e& (88.05) and Quatar’s Ooredoo (87.05) and ahead of Singapore’s Singtel (82.53). Vinaphone took second in 5G speed with a score of 78.11, trailing only behind e&.
Investors at Hanoi Stock Exchange (Source: VNA) 
