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.
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On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
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Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Vietnam Stock Exchange (VNX) makes debut on December 11 (Photo: VNA)
