On the morning of March 28, in Ho Chi Minh City, the Ministry of Finance held a conference on "Investment funds and foreign investment in the new development era of Vietnam" .
Speaking at the Conference, Minister of Finance Nguyen Van Thang said that after nearly 40 years of renovation, Vietnam has achieved many great achievements in socio -economic development with a consistent policy of promoting socialization, diversifying resources for development investment, and effectively attracting both domestic and international capital sources.
Regarding information about Vietnam's capital market in 2024, Minister Nguyen Van Thang said that 2024 marks a successful year for the economy and capital market with total mobilized capital reaching nearly VND 930,000 billion, 1.3 times higher than in 2023, equivalent to 25% of total social investment capital.
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| Minister of Finance Nguyen Van Thang delivered the opening speech at the Conference. |
Also in 2024, the stock market capitalization will reach 62.5% of GDP; outstanding bond market debt will reach 31.5% of GDP; foreign investors will open nearly 48,000 investment accounts with a total transaction value of nearly VND 1.1 million billion.
Along with the growth of indirect investment flows, total realized foreign direct investment in 2024 reached 25.4 billion USD, up 9.4% over the previous year, reaching the highest level ever. These results have contributed positively to GDP growth of 7.09%, bringing the size of Vietnam's economy to 476.3 billion USD, ranking 33rd in the world .
According to Minister Nguyen Van Thang, despite achieving very positive results in 2024, it can be seen that there are still many difficulties and challenges ahead.
For securities investment funds, the total net asset value of funds by the end of 2024 is equivalent to 1.2% of the stock market capitalization; the total value of assets managed by the fund management company is equivalent to 3.4% of the total assets of credit institutions.
In the stock market, the number of investors is constantly increasing, but foreign investors' trading accounts only account for 0.5%, accordingly, the operation of the securities investment fund system is not commensurate with its development potential.
Regarding foreign direct investment (FDI), in addition to the achieved results, according to the views of investors and international organizations, there are still some problems in the implementation process regarding land, construction, tax, customs, administrative procedures and foreign exchange...
Informing investors, Minister Nguyen Van Thang said that the Party and Government of Vietnam have directed the determination to clear bottlenecks, release all resources for development, contributing to the successful implementation of the economic growth target of 8% or more in 2025, creating the premise for double-digit development in the coming time to soon bring the country into the era of national development.
To achieve these goals, in addition to the Government's solutions on streamlining and improving the efficiency of the administrative apparatus, Vietnam focuses on mobilizing all domestic and foreign resources, including investment capital through investment funds and foreign direct investment.
Therefore, the Minister wishes to listen to multi-dimensional, frank assessments and objective, constructive proposals to advise the Ministry of Finance on solutions to develop investment funds to attract domestic and foreign resources for development investment.
Thereby, improving the efficiency of foreign investment, promoting the shift of investment structure to industries and fields with high technology content, high added value, being environmentally friendly, having spillover effects, closely connecting with domestic enterprises, contributing to the socio-economic development of the country in the new era.
Source: https://baodautu.vn/bo-truong-nguyen-van-thang-dong-von-dau-tu-dong-gop-tich-cuc-cho-tang-truong-gdp-d259712.html
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