Illustrative photo. (Source: VNA)By the end of March, the market size had risen by3.37 percent from last year to close to 1.8 trillion VND, equivalent to 21.4percent of the GDP. There are 768 securities and fund certificates listed onthe Hanoi Stock Exchange (HNX) and the Ho Chi Minh City Stock Exchange (HOSE), while 883 others are listed on the Unlisted Public Company Market (UPCOM).
The number of securities accounts is on a rise, with morethan 676,600 newly opened in the first quarter of 2022, almost equal to the 2021 figure. Total accounts have exceeded 4.98 million so far, an increase of 15.7percent compared to the end of last year.
However, shares have been suffering decline over the last severalweeks because of negative rumours in the real estate and securities sectorscoupled with rising political tensions globally. The benchmark VN-Index closedat 1,406.45 points on April 19, 6.1 percent lower than last year’s end. Similartrends have been observed elsewhere worldwide, notably in major markets likethe US, Germany, the Republic of Korea, France, and Japan.
The Ministry of Finance has requested the State SecuritiesCommission (SSC) to accelerate the improvement of related regulatory frameworkand finalise the strategy for the development of the stock market by 2030 tofurther enhance its transparency and promote stable growth.
The SSC has also been tasked to increase inspection, gettough on violators, and foster restructuring in securities and fund managementfirms./.
VNA
