Offering of shares and bonds of public companies worth nearly 7 billion USD in 2024

By the end of November 2024, the total capital mobilized through stock and bond offerings of public companies was VND 173,000 billion (nearly USD 7 billion), of which stock offerings alone were VND 134,800 billion.

Mr. Nguyen Van Thang - Minister of Finance - Photo: SSC

The above information was mentioned by the State Securities Commission in its report at the 2024 year-end conference that recently took place.

Speaking at this conference, Minister of Finance Nguyen Van Thang requested the State Securities Commission to focus on key task groups in 2025.

In particular, the new minister noted the need to continue organizing the market to operate stably and smoothly, ensuring security and safety; and speeding up the deployment of the new information technology system (KRX) for the stock market.

In addition, Mr. Thang also requested the Securities Commission to urgently reorganize and streamline the apparatus in accordance with the policies of the Party and the Government , meeting the requirements for managing and developing a stable, safe, high-quality and sustainable stock market.

The securities management agency is also assigned to rearrange the market, classify listed companies in accordance with market development conditions; research and build a secondary carbon credit trading market, a trading market for innovative start-up businesses.

Mr. Thang also directed the committee to continue to strengthen supervision, inspection, and strict handling of violations in the stock market to strengthen discipline.

At the same time, this agency also needs to disseminate knowledge about securities to prevent risks and fraud in the market, encourage long-term investors, and contribute to stabilizing and developing a sustainable market.

Speaking to receive instructions, Ms. Vu Thi Chan Phuong - Chairwoman of the State Securities Commission, affirmed that she will focus resources and seriously implement specific tasks assigned by the Minister.

According to the report of the Securities Commission, as of December 12, 2024, the VN-Index reached 1,267.35 points, up 12.2% compared to the end of the previous year, the market capitalization of stocks on the three floors HOSE, HNX and UPCoM increased by 19.6% compared to the end of the previous year; equivalent to 69.4% of estimated GDP in 2023.

The number of accounts has reached more than 9.1 million accounts, equivalent to 9% of the population, exceeding the target set by the Stock Market Development Strategy to 2030.

By the end of November 2024, the total capital mobilized through stock and bond offerings of public companies is VND 173,000 billion (approximately USD 7 billion). Of which, stock offerings are VND 134,800 billion and bond offerings are VND 38,200 billion.

Capital mobilization for the state budget through government bond auctions is estimated at VND323,000 billion, up 5.8% over the same period last year.

Source: https://tuoitre.vn/chao-ban-co-phieu-trai-phieu-khoi-cong-ty-dai-chung-gan-7-ti-usd-nam-2024-20241219082348156.htm