SSI Chairman is optimistic: Vietnam's securities market has a bright chance of upgrading

(NLDO)- SSI Securities Chairman Nguyen Duy Hung is confident that over 90% of the stock market will be upgraded by the end of September and the beginning of October.

At the extraordinary shareholders' meeting on the afternoon of September 25, Mr. Nguyen Duy Hung, Chairman of the Board of Directors of SSI Securities Corporation, believed that the possibility of the Vietnamese stock market being upgraded was over 90%, possibly up to 95%.

However, according to Mr. Hung, upgrading the market is not a "miracle" that transforms from nothing to something, but a long-term process to achieve. Upgrading is to increase confidence, so that foreign investors have a basis to participate in the Vietnamese stock market, acknowledging that our market is moving towards the appropriate step, reaching international standards.

SSI Securities Chairman Nguyen Duy Hung is confident that over 90% of the stock market will be upgraded in October.

The representative of SSI Securities also added that the upgrade is one of the achievements of the Government, the Ministry of Finance and market members. There are many changes related to mechanisms and policies to meet the upgrade criteria, which is good for the market and investors. The operation of the technology system (KRX) to launch new products, creating a liquidity explosion for the market is a typical achievement.

Shareholders attending SSI Securities General Meeting

In addition, the State's encouragement for businesses to conduct initial public offerings (IPOs) to attract capital is also the basis for opening a new path for derivative products and ETFs.

At the congress, SSI Securities leaders also said that SSI is expected to reach 94% of its annual plan by the third quarter. The entire year will exceed the plan by at least 15-20%.

The SSI Securities General Meeting of Shareholders approved the plan to issue 415.58 million shares to existing shareholders, using the right to purchase ratio of 5:1 (shareholders owning 5 shares can buy 1 more share at the price of 15,000 VND/share). SSI can collect a maximum of 6,234 billion VND from this issuance. After the issuance, SSI Securities' charter capital leads the market in terms of capital size at 24,935 billion VND.

Regarding participation in the digital asset market, Mr. Nguyen Duy Hung said that SSI Securities has worked with the authorities to build the market. But this is a story of the future, of the youth, SSI is always cautious. SSI also has to calculate carefully, manage risks, for a story of 5-10 years, not 1-2 years.

Source: https://nld.com.vn/chu-tich-ssi-lac-quan-chung-khoan-viet-nam-sang-cua-nang-hang-196250925180411925.htm