Viet Nam’s stock market value reaches 36.9% of GDP
Total market capitalisation of Viet Nam’s securities market reached nearly US$73 billion in 2016, up 26.6 per cent compared to the end of 2015 and equivalent to 36.9 per cent of the country’s 2016 estimated GDP.
Total market capitalisation of Viet Nam’s securities market reached nearly US$73 billion in 2016, up 26.6 per cent compared to the end of 2015 and equivalent to 36.9 per cent of the country’s 2016 estimated GDP.
State Securities Commission Vu Bang announced this information yesterday at the gong-striking ceremony at the start of trading after the Tet (Lunar New Year) holiday at the HCM Stock Exchange.
Liquidity increased, with daily transaction value reaching over VND3 trillion ($132.7 million) on the two exchanges, up around 19 per cent over the 2016 average.
The nation’s stock market is forecast to enjoy more development opportunities given Government support policies, especially hastened capital divestment from State-owned enterprises, stable and flexible monetary policy and a more powerful restructuring of the stock market.
Bang said a key task this year was to continue completing the legal underpinning, especially to update the Law on Securities, so it is consistent with international practices, and to maintain the stability and sustainability of the securities market. — VNS
