Promote the development of the investment fund industry to become more professional

(Chinhphu.vn) - In the development process of the stock market, the management of securities investment funds in Vietnam has achieved certain results, gradually contributing to the sustainable development of the stock market. Up to now, the market has 43 fund management companies, managing assets with a value of more than 800,000 billion VND, more than 7 times higher than in 2014, with an average growth rate of about 20%/year.

Minister of Finance Nguyen Van Thang - Photo: VGP/LA

On October 17, at the Ho Chi Minh City Stock Exchange (HoSE), the State Securities Commission (SSC) held a conference on "Fund industry in the process of developing the stock market and attracting indirect investment capital into Vietnam". The conference was chaired by Minister of Finance Nguyen Van Thang.

The fund industry actively contributes to the development of the stock market.

Speaking at the conference, Minister Nguyen Van Thang said that after nearly 40 years of innovation, Vietnam has achieved many great achievements in economic and social development with consistent policies in promoting socialization, diversifying resources for development investment, and effectively attracting domestic and international capital sources.

In 2025, despite being affected by the world economic situation and natural disasters causing serious consequences, we still maintain stability and development; GDP growth in the third quarter of 2025 is estimated at about 8.23%, and in the first 9 months it is estimated at 7.85%; GDP growth rate in 2025 is forecast to reach 8.1% to 8.5%. FDI attraction in the first 9 months reached 28.54 billion USD, an increase of 15.2%.

The Minister of Finance affirmed that in the overall macroeconomic picture with many bright spots, the Vietnamese stock market in recent times has made remarkable contributions to economic growth, gradually becoming an important medium- and long-term capital mobilization channel.

In the first 9 months of 2025, the total capital mobilized in the stock market reached about 394,300 billion VND. Since the beginning of the year, the average transaction value in the stock market has increased by nearly 39% compared to the average of the previous year; in the bond market, it has increased by 27.7%. The number of investor accounts as of the end of September reached more than 11 million accounts, an increase of 19% compared to the end of 2024, of which more than 18,800 accounts are of domestic institutional investors and nearly 48,000 accounts are of foreign investors.

In the development process of the stock market, the management of securities investment funds in Vietnam has achieved certain results, gradually contributing to the sustainable development of the stock market. Up to now, the market has 43 fund management companies, managing assets with a value of more than 800,000 billion VND, more than 7 times higher than in 2014, with an average growth rate of about 20%/year.

"However, compared to countries in the region, such as Thailand, Malaysia, etc., the ratio of managed assets value to GDP in Vietnam is still modest, accounting for more than 6% of GDP, so there is still a lot of room for development," said Minister Nguyen Van Thang.

In the context of the global economy recovering, the domestic economy stabilizing and growing, the investment fund industry is facing many opportunities for development, innovation and integration. Promoting professionalism, transparency and efficiency in investment activities is not only an inevitable trend, but also a key factor for the fund industry to increasingly affirm its role in connecting capital sources and developing a sustainable stock market, attracting more indirect investment capital flows into Vietnam, serving the country's economic development in the new era.

Upgraded stock market opens up opportunities to attract large investment capital flows

Also at the conference, the Minister of Finance said that on October 8, the rating organization FTSE Russell officially announced the upgrading of Vietnam's stock market from a frontier market to a secondary emerging market. This upgrade has contributed to raising Vietnam's position on the world map, affirming the correct development path and Vietnam's increasingly deep integration capacity into the international financial system.

The head of the financial sector emphasized: "The upgraded market will open up opportunities to attract foreign indirect investment capital, supplementing resources for economic development. This is also an opportunity to change the quality of the stock market, including changes in the structure of the investor base, increasing the proportion of institutional investors, promoting the development of the investment fund industry to become more professional, growing, and sustainable."

Along with that, the Ministry of Finance has been very proactive in advising on breakthrough mechanisms and policies in socio-economic development to create a transparent, open, and favorable investment and business environment in the direction of development creation, approaching international practices, promoting the strong development of economic sectors, unlocking resources, and making an important contribution to the country's development.

Many important laws, resolutions and projects have been researched, developed and submitted by the financial sector to the Government and the National Assembly (such as the Resolution on the international financial center in Vietnam; Project on upgrading the stock market; Project on restructuring investors and developing the securities investment fund industry...) to concretize Resolution 68-NQ/TW of the Politburo on private economic development, with the policy: Private economic development "needs to be specified in the country's development strategies and policies" and "mobilize and effectively use all resources, especially resources among the people for socio-economic development".

Vice Chairman of the State Securities Commission Bui Hoang Hai shares about new investment opportunities for funds - Photo: VGP/LA

Minister of Finance Nguyen Van Thang directed the State Securities Commission to focus on synchronously implementing solutions to develop the capital market in both breadth and depth; resolutely implement the contents of Official Dispatch No. 192/CD-TTg dated October 8, 2025 of the Prime Minister on upgrading the Vietnamese stock market, aiming at the goal of upgrading according to high standards, developing the Vietnamese stock market to become increasingly modern and sustainable.

At the same time, continue to improve legal regulations guiding the operations of securities investment funds and voluntary pension funds, remove bottlenecks in the operation process to create a transparent investment and business environment, promote the role of private investment. Focus on the strategy for developing institutional investors through: Expanding the scale and developing a variety of investment fund types, stock index sets and products suitable to the needs and risk appetite of investors; diversifying distribution channels, facilitating fund management companies to establish new investment funds; and considering tax policy proposals for types of securities investment funds.

The Minister of Finance also directed the securities industry to continue to coordinate with relevant ministries and branches to research and deploy the diversification of risk prevention products for foreign investors. Coordinate with relevant ministries and branches to review the list of conditional investment and business sectors, limit access for foreign investors, promote the improvement of the investment environment, and enhance the attractiveness of the Vietnamese stock market to attract indirect investment capital.

Along with that, strengthen the capacity of management, supervision, inspection, examination and handling of violations in securities and the securities market; tighten market discipline, strictly handle violations so that the securities market can develop transparently and sustainably.

Le Anh

Source: https://baochinhphu.vn/thuc-day-su-phat-trien-nganh-quy-dau-tu-tro-nen-chuyen-nghiep-hon-102251017141124974.htm