Vietnam Stock Market

The economy’s firm recovery has been a source of optimism for a market rebound in the coming time.

The Ministry of Public Security has swiftly acted to clamp down on false information over Vingroup Chairman Pham Nhat Vuong, saying it has caused negative impacts on business operations and the stock market.

The ministry has been in frequent contact with both MSCI and FTSE Russell to update new information and their requirements to finalize the legal framework or address shortcomings in the market.

False rumors, concern over the capital flow, and high inflationary pressure have led to the recent market downtrend.

High market liquidity, information transparency, and expanding foreign ownership limits are expected to further attract foreign investors.

The new system will allow the introduction of new products and services to the local stock market.

Vietnam has outperformed major regional indices, making the market nearly quadrupled in size compared with the start of 2012 and the trading exceeding $1 billion a day.

The prospects of the local stock market remain bright and will become a key capital mobilization channel for businesses and the economy, said the finance minister.

A healthy and transparent stock market would lay the foundation for sustainable development in the long term.

The authorities are committed to supporting compliant companies to ensure the sustainable development of the stock market.