Vietnam's capital market is moving towards greater sustainability.

NDO - On the morning of December 6, in Hanoi , the Vietnam Financial Consulting Association (VFCA) in collaboration with Vietnam Finance Investment Magazine organized the workshop "Overview of the capital market in 2024 and prospects for 2025" with the theme: "Sustainable development of Vietnam's capital market - Current situation and solutions".

Speaking at the opening of the workshop, Dr. Le Minh Nghia, Chairman of VFCA and Head of the Organizing Committee, said that in recent times, despite facing many unpredictable events, the Vietnamese stock market is shifting towards becoming more balanced, harmonious and sustainable: gradually reducing dependence on credit capital sources and increasing the proportion of capital mobilized from the stock market.

However, in addition to the impressive development in recent times, the Chairman of VFCA said that the Vietnamese capital market currently still has many potential challenges that need to be resolved for more sustainable development such as: the market size is still quite small compared to other countries in the region and lacks stability; products are still limited and not diverse; transparency and professionalism are not high, sanctions are not strong enough to deter;...

“With the spirit of cooperation and construction, I hope the Workshop will bring many initiatives to contribute to bringing the Vietnamese capital market closer to the goal of becoming a transparent, efficient, sustainable market, contributing positively to the prosperity of the country,” emphasized Dr. Le Minh Nghia, Chairman of VFCA.

Forecasting the prospects of Vietnam's capital market, Associate Professor, Dr. Dinh Trong Thinh said that the production and business situation in 2024 has had good growth, which is the foundation for better economic growth in 2025. Thanks to that, the stock market will tend to increase. With the strong economic growth momentum in 2025, Associate Professor, Dr. Dinh Trong Thinh said that outstanding credit balance can grow at a rate of 13-17%.

According to Mr. Nguyen Quang Thuan, Chairman of FiinGroup, to sustainably develop the stock market in particular and the capital market in general, it is necessary to further improve the quality of goods in the Vietnamese stock market. Along with that, there should be an incentive mechanism for green, social, sustainable bonds, while at the same time, allowing financial institutions to participate more deeply in the corporate bond market based on a risk-based investment management framework.

According to Mr. Ngo Thanh Huan, CEO of FIDT Joint Stock Company, in addition to increasing the quantity and quality of "goods basket", for the capital market to develop sustainably, it is also necessary to improve comprehensive financial knowledge and develop a roadmap for the financial consulting profession in Vietnam.

At the workshop, leading managers and experts also discussed the topic "Developing Vietnam's capital market in the new era" with many useful analyses and recommendations, contributing to creating a solid foundation for Vietnam's capital market in the coming period.

The workshop was attended by delegates: Comrade Phung Quoc Hien - former member of the Party Central Committee, former Vice Chairman of the National Assembly; Associate Professor, Dr. Vu Van Phuc - Vice Chairman of the Scientific Council of Central Party Agencies, former Editor-in-Chief of Communist Magazine; Dr. Le Xuan Nghia - Member of the National Monetary and Financial Policy Advisory Council along with many prestigious experts, researchers, and representatives of enterprises.

Source: https://nhandan.vn/thi-truong-von-viet-nam-dang-dich-chuyen-theo-huong-ngay-cang-ben-vung-hon-post848891.html