The Vietnam Stock Exchange (VNX) made debut on December 11, on the basis of merging the Hanoi Stock Exchange (HNX) and the Ho Chi Minh Stock Exchange (HoSE).
Vietnam Stock Exchange (VNX) makes debut on December 11 (Photo: VNA)
Hanoi (VNA) – The Vietnam Stock Exchange (VNX) made debut on December 11, on the basis of merging the Hanoi Stock Exchange (HNX) and the Ho Chi Minh Stock Exchange (HoSE).
Speaking at the launching ceremony, Deputy Prime Minister Le Minh Khai said that developing the stock market to create a medium- and long-term capital mobilisation channel for economic development is a big and consistent policy of the Party and State.
Over the past 25 years, the Vietnamese stock market has grown more and more firmly, and made active contributions to the nation’s socio-economic development and is really becoming an important capital mobilisation channel for the economy, and helped promote the development of the financial market.
On the stock market, the VN Index has surpassed 1,500 points, making it the highest mark since the stock market officially came into operation. The average trading value in the first 11 months of 2021 reached more than 37.2 trillion VND per session, over two times higher than that of 2020. As of the end of October, total stock capitalisation and outstanding bond balance in the market had reached nearly 163 percent of GDP in 2020.
The growth of the stock market in recent years partially shows the confidence of investors and businesses in the policies of the Party and State, Khai said, adding that this is also the result of the timely direction of the Government and the Prime Minister; the close coordination between ministries, sectors and localities; the direct instruction of the Ministry of Finance; and especially the solidarity, consensus, high determination and persistent efforts of the financial sector’s staffs, the State Securities Commission, the Stock Exchanges, the Securities Depository Centre, and domestic and foreign investors.
The Deputy PM stressed the importance of restructuring and reorganising the Hanoi and Ho Chi Minh Stock Exchanges to unify the securities trading market, ensure the market's efficient, fair, open and transparent operation towards a unified and professional Vietnamese stock market./.
Vietnam’s stock market saw another record this week, with the benchmark VN-Index on the Ho Chi Minh Stock Exchange (HOSE) closing at a new peak of 1,488.87 points, up 25.24 points, on November 24.
Many securities companies are planning to raise capital through forms such as dividend payment, purchase rights and private offerings to meet the growth of the stock market.
The number of accounts owned by foreign individuals and organisations in Vietnam’s stock market had hit more than 38,000 as of September 2021, a year-on-year surge of 34.7 percent.
Securities investment funds in Vietnam have ample room for growth if they effectively promote current results and implement goals and solutions in a substantial way with a roadmap in accordance with the country's international integration and situation, according to the State Securities Commission of Vietnam (SSC).
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&.
Vietnam Stock Exchange (VNX) makes debut on December 11 (Photo: VNA)
