Tue Feb 04 11:30:00 UTC 2025: ## Việt Nam’s Stock Market Shows Strong Growth, Aims for Emerging Market Status
**Hanoi, Vietnam** – Vietnam’s stock market demonstrated robust growth in 2024, despite global economic uncertainties, according to Phạm Thị Thùy Linh, Head of the Market Development Department at the State Securities Commission (SSC). Speaking on VTV8’s “Finance Street Talk Show,” Linh highlighted key achievements, including a market capitalization exceeding 7 trillion VND (approximately 70.2% of Vietnam’s estimated 2023 GDP) and a 27.5% increase in new investor accounts compared to 2023. The corporate bond market also saw significant growth, with over 1,000 bonds from more than 250 organizations listed on the newly launched private bond market.
Linh attributed this success partly to the enactment of Law No. 56, amending the Securities Law to improve market transparency, strengthen supervision, and address regulatory hurdles. She noted a decrease in market violations in 2024, a result of the SSC’s intensified inspection and collaboration with other agencies. The SSC also implemented over 600 administrative penalties for violations. Future plans include increased public awareness campaigns and investor education to foster a more professional and stable market.
A key objective for Vietnam is upgrading its stock market to emerging market status. Linh emphasized the government’s efforts, including the issuance of Circular No. 68 by the Ministry of Finance, which eliminates the requirement for foreign institutional investors to have sufficient funds before trading and mandates English-language disclosures. The SSC is actively promoting investment through international roadshows, garnering significant interest from investors in countries such as South Korea, Japan, Australia, and Singapore. The positive reception to Circular No. 68, particularly the seamless implementation of its provisions regarding foreign investor trading, further bolsters this positive outlook.
Looking ahead to 2025, Linh outlined the SSC’s priorities: finalizing legal guidelines, developing new market products (including derivatives and green finance instruments), streamlining the IPO and listing process, and enhancing market supervision and investor education. Hosting the Asia-Pacific Regional Committee (APRC) meeting of the International Organization of Securities Commissions (IOSCO) in February 2025 will be a crucial step in attracting further international investment and solidifying Vietnam’s position in the global market. The SSC’s commitment to these initiatives underscores its determination to build a robust, transparent, and sustainable Vietnamese stock market.
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