Ensuring a safe and smooth trading system is a priority.

In 2023, the Vietnamese stock market experienced significant fluctuations due to the influence of regional and global factors such as increased geopolitical tensions, low economic growth, persistently high inflation, and decreased consumer demand…

However, with the domestic macroeconomic picture remaining stable and many timely economic management policies from the Government providing effective support to the Vietnamese stock market, overall, compared to other countries in the region and around the world, the Vietnamese stock market is still considered to be experiencing positive growth.

Stock trading activity on the Ho Chi Minh City Stock Exchange (HOSE) in the second half of 2023 showed signs of recovery and many positive aspects.

Headquarters of the Ho Chi Minh City Stock Exchange.

340 new securities were listed in 2023.

At the close of trading on December 29, 2023, the VNIndex reached 1,129.93 points, an increase of 12.19% compared to 2022. The market capitalization of listed stocks on the HOSE on December 29, 2023, reached over 4.55 trillion VND, an increase of approximately 13.4% compared to the end of 2022 and equivalent to 47.9% of the 2022 GDP.

The total volume of securities traded in 2023 reached over 193 billion securities with a total transaction value of nearly 3.8 million billion VND, corresponding to an average daily trading volume of nearly 775.3 million securities (an increase of 11.8% compared to 2022) and an average daily transaction value of 15,265 billion VND (a decrease of 11.1% compared to 2022).

At the end of 2023, there were 42 companies on the HOSE with a market capitalization of over $1 billion, an increase of 5 companies compared to the end of 2022. Among them, Vietnam Foreign Trade Commercial Bank (VCB) was the only company with a market capitalization of $19 billion.

As of December 29, 2023, the HOSE had 394 listed stocks, 14 ETF certificates, 4 closed-end fund certificates, and 229 CWs officially listed and traded. The total volume and value of listed securities reached 154.9 billion securities and over 1.53 trillion VND respectively, an increase of approximately 7.7% in volume and 7.0% in value compared to the end of 2022.

In 2023, 340 new securities were listed and traded on HOSE, including 5 stocks, 3 ETFs, 1 closed-end fund, and 331 warrants, with listed volumes of 269 million shares, 16.5 million ETFs, 17.28 million closed-end funds, and 2.65 billion warrants, respectively.

In addition, 214 securities were delisted, including 13 stocks that were compulsorily delisted with a volume of 1.42 billion shares and 201 CWs that were delisted due to maturity with a volume of 1.58 billion CWs. The volume of treasury shares registered for execution was 65.4 million shares (of which 34.1 million shares were registered for sale, and 31.3 million shares were sold/repurchased by employees) and nearly 63.6 million shares were traded (a 35% increase compared to the whole year of 2022).

Promoting a safe, stable, and efficient stock market.

HOSE has always prioritized supervision, and over the past year has promptly detected and reported to the State Securities Commission (SSC) many cases of information disclosure violations. In addition, the Exchange has been coordinating with the SSC, VSDC, and VNX in closely monitoring and promptly handling insider and related party transactions, ensuring market transparency.

In order to improve the quality of supervision of listed companies and the review of listing applications, HOSE has signed a memorandum of cooperation with the Vietnam Association of Certified Public Accountants (VACPA) to provide internal training and address difficulties in accounting and auditing practices.

Simultaneously, HOSE also signed a Memorandum of Understanding with the International Finance Corporation (IFC) and the Association of Chartered Certified Accountants (ACCA) to implement activities aimed at improving the quality of environmental and social reporting by listed companies through the Sustainable Development Reporting Award within the framework of the Listed Companies Awards.

In addition, HOSE collaborated with the State Securities Commission and Deloitte to organize a knowledge-sharing session on skills for reviewing key items in financial statements...

In addition to strengthening supervision, HOSE collaborates with partners to implement activities aimed at enhancing the awareness of listed companies regarding information transparency and corporate governance; HOSE regularly organizes seminars to update regulations and policies related to the stock market, training programs to disseminate best international practices on corporate governance and sustainable development, and guidance and training for listed companies in implementing corporate governance regulations to integrate the role of corporate governance and sustainable development into their long-term vision and development strategy, thereby enhancing enterprise value and increasing investor confidence.

This was demonstrated at this year's Vietnam Listed Companies Awards (VLCA) ceremony, with over 50 outstanding listed companies (out of nearly 600 participating companies on the HOSE and HNX exchanges) in three categories: annual reports, corporate governance, and sustainable development reports.

HOSE has set key tasks to be implemented in 2024, including: organizing stable, safe, and smooth securities trading; improving the quality of listed securities, promoting corporate governance and sustainable development at listed companies; and enhancing the capacity and quality of supervision, strengthening the application of information technology in supervision activities, and standardizing supervisory data.

HOSE is determined and committed to further enhancing operational efficiency in order to promote the stable, safe, healthy, and sustainable development of the stock market.

Red Army

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