Deputy Minister of Finance: Must upgrade Vietnamese securities market, invite high-quality enterprises to list on the stock exchange

The Deputy Minister of Finance has set out many important tasks for the securities industry in 2025, helping to develop quality, transparency and sustainability.

Deputy Minister of Finance Nguyen Duc Chi (5th from left) beats the gong to open the first trading session of Spring - Photo: HOSE

The gong-beating ceremony to open the stock trading in the first days of the year of the Snake 2025 took place today, February 5 (January 8), at the Ho Chi Minh City Stock Exchange (HoSE).

At the event, Deputy Minister of Finance Nguyen Duc Chi shared that last year, the Vietnamese stock market recorded many positive results, operating safely and stably. Discipline continued to be strengthened, increasing transparency and sustainability.

Regarding the new year 2025, Deputy Minister Chi directed the securities industry to make more efforts. In particular, it must meet the criteria to upgrade the Vietnamese stock market from frontier to emerging. Expected to attract billions of dollars more in foreign capital.

The Deputy Minister of Finance also gave many very in-depth and straightforward instructions. Including the need to further reform administrative procedures and clearly demonstrate responsibility. Do not let businesses, organizations, and individuals complain to the management agency about slow listing, which will cause them to lose the opportunity to raise capital. The concept of "requesting listing" on the stock exchange must be changed to "inviting listing" (high-quality, large-scale enterprises).

Ms. Vu Thi Chan Phuong - Chairwoman of the Securities Commission - shared that the securities industry is committed to making the highest efforts and determination to effectively implement the proposed solutions and action plans.

Create maximum conditions for businesses to mobilize capital, investors to participate in the market according to legal regulations, complete criteria for the market to be upgraded according to the Government's plan... So that the stock market continues to affirm itself as an important and main medium and long-term capital mobilization channel of the economy .

Determined to put new information technology systems into operation in 2025

Ms. Nguyen Thi Viet Ha - Acting Chairwoman of the Ho Chi Minh City Stock Exchange - said that by the end of 2024, the VN-Index will reach 1,266.78 points (up 12.1% compared to the end of the previous year). The stock capitalization value will reach VND5.21 trillion (+14.3%). The average annual trading value will reach VND18,685 billion/day (+22.4%).

At the end of last year, Vietnam's stock market liquidity ranked 3rd in Southeast Asia, just behind Thailand and Singapore.

In 2025, the department will resolutely carry out tasks and solutions. The goal is to put the new information technology system into operation this year to bring new products and services to the market.

Source: https://tuoitre.vn/thu-truong-bo-tai-chinh-phai-nang-hang-chung-khoan-viet-moi-doanh-nghiep-chat-luong-cao-len-san-202502051439229.htm