Hanoi Stock Exchange celebrates post-Tet opening

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The gong rang out on February 15 to open the first trading session of the Ha Noi Stock Exchange (HNX) after the Lunar New Year holiday (Tet).

Finance Minister Dinh Tien Dung strikes gong to open the first trading session of the HNX. — Photo: VNA

Ha Noi (Biz Hub) — The gong rang out on February 15 to open the first trading session of the Ha Noi Stock Exchange (HNX) after the Lunar New Year holiday (Tet).

Addressing the event, Finance Minister Dinh Tien Dung said the stock market gained positive outcomes in 2015 while expecting a similar trend for 2016.

The sector needs to take drastic measures implementing the Government's policies on equitising state-owned enterprises, and divesting capital from non-core business, the Minister said.

He urged the sector to continue restructuring in line with the roadmap designed by the Government, with focus on offering incentives for domestic and foreign investors.

The market's capitalisation saw an increase of 17 percent in 2015 compared to the previous year, equivalent to 34.5 percent of the country's GDP.

The market mobilised 300 trillion VND (13.4 billion USD) for the state budget and enterprises, accounting for 34 percent of the total mobilised capital.—VNA/VNS

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