5 key highlights of the Vietnamese stock market over the past year.

On the afternoon of December 15th, the State Securities Commission (SSC) held a conference to summarize its work in 2025 and implement its work program for 2026. Deputy Minister of Finance Nguyen Duc Chi attended and directed the conference.

According to Deputy Minister of Finance Nguyen Duc Chi, the past year saw a continued complex global economic landscape, coupled with severe natural disasters, posing numerous challenges to the Vietnamese economy in general and the stock market in particular. Five key highlights of the stock market last year were outlined.

Firstly, the Vietnamese stock market maintains positive momentum, with clear growth in indices, liquidity, market capitalization, and the number of investors.

Secondly, the legal system regarding securities and the stock market continues to be reviewed, strengthened, and improved. The amended Securities Law and other legal documents issued last year have created an increasingly synchronized and transparent legal framework, supporting the efficient operation and healthy development of the market.

Thirdly, the new information technology system, now officially operational, has laid an important foundation for the long-term development of the market, paving the way for the deployment of new products to meet the growing market size.

Fourthly, the Vietnamese stock market was upgraded by FTSE Russell from a frontier market to an emerging market, affirming the position and prestige of the Vietnamese stock market on the global financial map.

Fifthly, market discipline and order have continued to be strengthened, and violations have been detected and strictly handled in accordance with the law, thereby ensuring market transparency, protecting the legitimate rights and interests of market participants, and aiming for the development of a healthy and sustainable stock market.

5 điểm nhấn của thị trường chứng khoán Việt Nam trong năm qua - 1 — Deputy Minister of Finance Nguyen Duc Chi attends the Conference (Photo: State Securities Commission).

Deputy Minister Nguyen Duc Chi shared that in 2026, the country faces a new development context, marking the beginning of the 2026-2030 term. This creates a foundation and favorable conditions for development, and also places demands on the stock market to better meet the overall development needs of the economy.

In 2026, the Deputy Minister suggested that the State Securities Commission focus on implementing key tasks such as continuing to review and improve the legal framework; decisively implementing solutions to maintain the ranking and aiming to upgrade the Vietnamese stock market to higher standards…

In 2025, the VN-Index is projected to increase by 38% compared to the end of the previous year, with an average trading value of nearly 29,440 billion VND per session. Market capitalization will exceed 9.68 million billion VND, equivalent to 84.1% of the estimated GDP in 2024.

The bond market continued its steady growth, with over 473 listed bonds valued at over 2.6 trillion VND, equivalent to 22.8% of the estimated GDP in 2024. Trading value increased by nearly 27% compared to the previous year, reaching nearly 15,000 billion VND per session.

In the derivatives market, the introduction of VN100 index futures contracts provides investors with a new option.

The number of investors continues to boom, exceeding 11 million accounts, a 24.7% increase compared to the end of 2024.

Stock market fundraising activities recorded strong growth in the offering and issuance of shares and corporate bonds, reaching over VND 142,330 billion, nearly double compared to the same period in 2024. Capital raised for the state budget is estimated at VND 313,000 billion.

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