Skip to content
Finance — Lifestyle — Investing — Cyber Tech Business Solutions — Revolutionizing Tech at Cyber Tech Hub — sports

Vietnam's Stock Market Surges, Awaits Key Leadership for Future Reforms

Vietnam's stock market is booming, with GDP growth at a decade high and global recognition. The search for a key leader to drive future reforms continues.

,   and  Administrator
1 min read
In the picture there is a newspaper front page. There are many advertisements and headlines are...
In the picture there is a newspaper front page. There are many advertisements and headlines are mentioned in the newspaper.

Vietnam's Stock Market Surges, Awaits Key Leadership for Future Reforms

Vietnam's stock market has witnessed remarkable growth and recognition this year. Despite the search for a key figure to lead future reforms remaining inconclusive, the country's economic prowess and market advancements have been undeniable.

Vietnam's GDP growth in Q3 2023 surged to 8.23%, the highest in over a decade, excluding the pandemic recovery period in 2022. This robust growth has been accompanied by a significant rise in market capitalization and trading accounts, which have increased more than sevenfold over the past decade.

The State Bank of Vietnam has shown responsiveness to investor feedback, issuing Circular 25 to align regulations with international practices. This move, along with Vietnam's aim to reach MSCI Emerging Market status by 2030, is expected to unlock larger capital flows into the country.

The VN-Index has also shown remarkable resilience, increasing by a third in 2023 alone and surpassing its Covid-era highs. This upward trajectory has been recognized globally, with FTSE Russell reclassifying Vietnam's market status on October 7, 2023, effective from September 21, 2026, subject to an interim review in March 2026.

The upgrade places Vietnam two steps below the 'developed' category, acknowledging the years of coordinated efforts from the government, regulators, and market participants. This recognition is expected to attract more long-term institutional and retail investors, enhancing capital access for companies. HSBC, which has supported market participants in Vietnam since the market's inception 25 years ago and serves as custodian for about half of all foreign institutional investors, will continue to play a pivotal role in this growth.

Read also:

Related

Latest