The Hanoitimes – The target for Vietnam’s stock market capitalization by 2020 is 70% of GDP. However, the Ministry of Finance informed that Vietnam’s stock market has achieved this target in 2017. Specifically, for the stock market, the Ministry of Finance has completed the revised draft Law on securities, issuing Decree No. 71/2017/ND-CP regarding the corporate governance applicable to public companies, which is effective from August 1, 2017, as well as launching the derivatices market since August 2017. At the same time, the government also put effort in attracting foreign investors through loosening room and simplifying the registration procedures. Vietnam’s stock market capitalization achieved the target of 70% GDP set for 2020. In 2017, Vietnam’s stock market capitalization reached nearly 70% of GDP, up 80.5% compared to the year- end of 2016. With this result, the Ministry of Finance informed that the stock market has achieved the target set for 2020. For the insurance market, total revenue for the sector is estimated at VND 105.6 trillion (roughly US$ 4.6 billion), an increase of 21.2% over the last year’s figure; total asset value reached VND 302.9 trillion (roughly US$ 13.3 billion), up 23.4%; reinvesting to the economy of VND 247.8 trillion (roughly US$ 10.9 billion); insurance premiums totaled around VND 29.4 trillion (roughly US$ 1.3 billion), up 14.9%. On the process of state-owned enterprises (SOEs) restructuring, the Ministry of Finance stated that state corporations and economic groups have accelerated the implementation process. As of December 20, equitization plans for 47… [Read full story]
Total capitalization of Vietnam’s listed securities market hit VND300 trillion, or about $20 billion, accounting for 31 per cent of the country’s GDP, Nguyen Ngoc Canh, head of the State Securities Commission’s External Relations Department, said in a recent seminar. Canh stated in his review statement on Vietnam’s stock market in the first half of 2007 the total capitalization of bond market alone reached VND80 trillion, equivalent to 8 per cent of GDP. Vietnam’s listed stock market was reported to have capitalization of $14 billion at the end of 2006, accounting for 22.7 per cent of GDP, Canh said. As many as 55…... [read more]
This rise stemmed mainly from large-cap share price in Ho Chi Minh Stock Exchange (HoSE) going up in addition to registration of 43 new stickers in Vietnam’s Unlisted Public Company market (UPCom) from the beginning of 2016. Vietnam stock exchange includes two indices, Ho Chi Minh City (HOSE) and Hanoi (HNX), where 50 best listed companies have total capitalization of VND829 trillion (over $37 billion), making up 62 percent of the whole market cap. Total revenue of 50 best listed companies was VND475 trillion ($21 billion), accounting for 38 percent of total listed companies’ revenue, while post-tax profit of the…... [read more]
VIR put together a brief recap of the ten most noteworthy “ups-and-downs” of the Vietnamese stock market over the course of 2017, from the launching of a brand new market to unprecedented criminal prosecutions and billion-dollar state divestitures. 1. Government kick-started the derivatives market On August 10, at Hanoi Stock Exchange (HNX), the Ministry of Finance (MoF) launched the opening of the derivatives market, indicating the first of many steps to promote the structural development of the Vietnamese securities market. Consequently, Vietnam was the fifth nation within the ASEAN to acknowledge the derivatives market, alongside Singapore, Malaysia, Indonesia, and Thailand. The country was the…... [read more]
Foreign indirect investment capital (FII) into the Vietnam stock market will likely hit US$5.5 billion by end-2007, said Nguyen Ngoc Bao, head of the Monetary Policy Department under the State Bank of Vietnam. At the Seminar on Stock Market and its Impacts on Financial Markets, opened Wednesday in Hanoi, Bao said FII capital invested into local securities has reached about $4 billion. “The figure is expected to increase by $1.5 billion, bringing the total to $5.5 billion in next six months,” he said. “At this investment level, foreign investors are holding between 20 per cent and 25 per cent of total listed…... [read more]
One of the key priorities is to improve the effectiveness of the financial market, including the stock market and insurance market, said Minister of Finance Dinh Tien Dung. The move aims to raise the readiness of the country’s financial services, he said, adding that the Ministry has designed a plan to realize this target.Dung said the Ministry will increase the stock market capitalization to GDP ratio to 70 per cent from the current 34.5 per cent by 2020.The Ministry will strive to heighten the business environment and national competitiveness to the average level of ASEAN-3 countries (including Singapore, Malaysia, and…... [read more]
