Deputy Minister of Finance Nguyen Duc Chi beats the gong to begin the first trading session of the HoSE after the Tet holiday. (Photo: VNA)In his remarks, Deputy Minister of Finance NguyenDuc Chi noted with pleasure achievements in the domestic stock market and the HoSEin particular last year, saying despite global and regional economicuncertainties, the Vietnamese stock market still experienced growth in terms ofindex, liquidity, and capitalisation.
As the economic situation is forecast to continuedeveloping unexpectedly this year, the official suggested the State SecuritiesCommission (SSC), the Vietnam Exchange (VNX), the HoSE and other relevant sideswork to develop the market sustainably.
He raised some solutions such as perfectinginstitutions, removing obstacles, ensuring the smooth operations of thetrading, depository, and payment systems in the market, and optimisinginformation-technology in operations.
The official also emphasised the need tobetter market management and supervision, saying violations should be handledstrictly to protect legal rights and interests of investors.
According toChi, the ministry will organise a workshop in Q1 to seek solutions for the development of the market in 2024 andbeyond.
Nguyen Thi Viet Ha, Acting Chairwoman of the HoSE,highlighted the exchange’s operational principles of safety, efficiency andsustainability, saying the number of listed firms committing to good corporategovernance in 2023 increased by 12.7% from the previous year.
In 2024, the HoSE will focus on ensuring the safeand smooth operation of the new IT system, raising the quality of listedproducts, and improving the capacity of its employees, she added.
At the end of the last trading session of 2023, theVN-Index, which tracks the performance of the HoSE, closed at 1,129.93 points, up12.2% as compared with the corresponding time in 2023.
As of December 29, 2023, market capitalisation onthe HoSE rose 13.4% to 4.56 quadrillion VND (185.83 billion USD).
In the year, the HoSE successfully conducted 249 tradingsessions totaling 193 billion shares worth nearly 3.8 quadrillion VND, up 12% involume but down 11% in value year-on-year./.
VNA
