Stock market size on HOSE reaches nearly 71 percent of GDP
Vietnam’s stock market capitalisation on Ho Chi Minh Stock Exchange (HOSE) as of March 31 skyrocketed 93.56 percent year-on-year to more than 4.46 quadrillion VND (193.72 billion USD), HOSE said.
HCM City (VNA) – Vietnam’s stock market capitalisation on Ho Chi Minh StockExchange (HOSE) as of March 31 skyrocketed 93.56 percent year-on-year to morethan 4.46 quadrillion VND (193.72 billion USD), HOSE said.
The value was equivalent to some 70.95 percent of the country’s gross domesticproduct (GDP).
As many as 553 codes were traded on the southern bourse by the end of Quarter1, including 397 stocks, three close-end fund certificates, seven exchange-tradedfunds (ETF), 114 covered warrants (CW), and 32 bonds.
In March, more than 14.78 billion shares were traded on thebourse at the value of over 355.56 trillion VND. The market liquidity improvedagainst the previous month, with average 642.6 million shares worth 15.45trillion VND sold in each transaction, up 15.9 percent and 11.33 percentrespectively.
Foreign players’ transactions topped nearly 69 trillion VND, accounting for 9.7percent of the market’s total transactions. They net sold more than 12.25trillion VND worth of stocks in the month.
The benchmark VN-Index gained 1.97 percent to end the session on March 31 at 1,191.44points, up 79.83 percent from the same time in 2020. Meanwhile, VNAllsharetopped 1,158.99 points, increasing 95.94 percent year-on-year.
The large-cap tracker VN30-Index picked up 1.93 percent to stay at 1,196.24 points,or 95.86 percent higher than the figure recorded in the same time last year./.
A ceremony was held in HCM City on July 20 in the presence of Prime Minister Nguyen Xuan Phuc to mark the 20th anniversary of Vietnam’s stock market and the Ho Chi Minh Stock Exchange (HoSE).
Vietnam’s stock market reached approximately 87.68 percent of the country’s Gross Domestic Product (GDP) as of the end of 2020, the highest rate reported so far.
The Ho Chi Minh Stock Exchange (HoSE) on March 9 joined stock exchanges around the world in a global initiative called “Ring the Bell for Gender Equality” - a partnership that highlights the economic imperative of empowering women in the workplace, marketplace, and community.
Vietnam's stock market is expected to maintain its growth momentum of last year at 15-20 percent based on positive supporting factors, experts have said.
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&.
PM Chinh proposed MUFG work closely with the Ministry of Finance to improve legal frameworks and support the establishment and operation of the international financial centre in Da Nang and Ho Chi Minh City.
The Prime Minister emphasised the significance of maintaining macroeconomic stability, controlling inflation, promoting growth, and improving the harmony between monetary and fiscal policies.
A transaction on HOSE (Photo: VNA) 
