Time to put stocks on the stock exchange is shortened by 3-6 times

(Chinhphu.vn) - Previously, after an IPO, businesses often had to take 3-6 months to complete the review of financial reports. However, under the new regulations, this time has been shortened to only about 30 days.

Deputy Minister of Finance Nguyen Duc Chi exchanged information at a press conference - Photo: VGP/Nhat Bac

Strongly reform IPO procedures, promote listing associated with capital mobilization

On the afternoon of November 8, at the regular October Government press conference organized by the Government Office , Deputy Minister of Finance Nguyen Duc Chi said: In the strategy for developing the capital market and the stock market until 2030, the goal is to turn these two channels into the main medium- and long-term capital mobilization channels of the economy.

The Ministry of Finance has implemented many synchronous solutions to promote the healthy development of the capital market. In particular, in 2025, Vietnam has made many efforts to consider upgrading the stock market from "frontier" to "emerging", creating an important premise to attract domestic and foreign capital flows.

The Ministry of Finance also coordinated with ministries and branches to organize a conference to comprehensively assess the bond market in 2025, pointing out bottlenecks and solutions to develop a more effective capital mobilization channel.

Regarding the stock market, Deputy Minister Nguyen Duc Chi said that the strong development in recent times has created a favorable foundation for businesses to conduct initial public offerings (IPOs). A notable new point is Decree No. 245/2025/ND-CP amending and supplementing Decree No. 155/2020/ND-CP recently issued by the Prime Minister , creating more favorable conditions for businesses to IPO and list.

Previously, after an IPO, it usually took businesses 3-6 months to complete a financial report review. However, under the new regulations, this time has been shortened to only about 30 days. The new regulations not only reduce administrative procedures but also help businesses quickly mobilize capital, while creating a great incentive to participate in listing and attract investors.

With a more open mechanism, the Ministry of Finance expects that investment capital into IPO stocks will increase, thereby giving businesses more resources for production and business activities, contributing to spreading confidence in the stock market.

Expected bond market breakthrough from 2026

Deputy Minister Nguyen Duc Chi said that in 2025, the scale of government bond issuance is estimated at about VND500,000 billion, while corporate bonds - both public and private - will also reach about VND500,000 billion. The total size of the bond market is about VND1 million billion, reflecting a clear recovery after a period of stagnation.

However, this scale is still not commensurate with the potential and capital mobilization needs of both the Government and enterprises in the coming period. Therefore, the Ministry of Finance is building fundamental solutions to develop the bond market, creating conditions for stable long-term capital mobilization.

The Securities Law 2024 (amended and supplemented) has new regulations on corporate bond issuance and criteria for investors. The Ministry of Finance is currently finalizing a draft guiding decree, expected to take effect from January 1, 2026.

According to Deputy Minister Nguyen Duc Chi, the draft decree has been widely consulted by ministries, branches and affected subjects. The Ministry of Finance will collect opinions to complete the process, clearly define the responsibilities of issuers, improve the quality of bonds, and at the same time, determine specific criteria for investors to participate in each type of bond. Inspection and supervision will also be strengthened to ensure the market operates safely and transparently.

"With the above orientations and solutions, the Ministry of Finance expects that 2026 will be a period of strong growth for the stock and bond markets, contributing to sharing the burden of capital mobilization with the banking credit system. We will work together to develop the capital market sustainably, transparently and effectively," Deputy Minister Nguyen Duc Chi emphasized.

In recent times, especially from 2021 to present, the Government bond market has grown in scale, increased liquidity, and met the capital mobilization requirements of the State budget for investment and economic development. In 2025, as of October 24, 2025, the State Treasury issued VND 277,272 billion, reaching 55.5% of the annual plan (VND 500,000 billion) compared to the same period in 2024; the average issuance term of Government bonds is 9.84 years. Outstanding Government bonds as of October 24, 2025 reached VND 2.55 million billion.

According to the Ministry of Finance: Key solutions in the coming time: To meet the requirements of capital mobilization for the State budget to serve economic growth, the Ministry of Finance will focus on: perfecting the legal framework, improving issuance processes and techniques; developing the investor base, especially long-term investors; diversifying government bond products to meet investor needs; closely coordinating with the State Bank in operating fiscal and monetary policies to mobilize capital for the State budget at reasonable costs, while maintaining macroeconomic stability and promoting growth; closely monitoring developments in the financial market to manage the issuance volume and interest rates of government bonds in accordance with capital mobilization requirements and market demand.

Mr. Minh

Source: https://baochinhphu.vn/thoi-gian-dua-co-phieu-len-san-duoc-rut-ngan-tu-3-6-lan-102251108202438941.htm