On July 23, 2025, Finance - Investment Newspaper organized the Discussion "New Capital Flow Driving Force" on the occasion of the 25th anniversary of the official operation of the Vietnamese stock market.
Speaking at the seminar, Deputy Minister of Finance Nguyen Duc Chi said that this event took place at the right time and in accordance with the requirements of market participants.
Assessing the development of the Vietnamese stock market, Deputy Minister Nguyen Duc Chi shared that after 25 years of construction and development from zero, the Vietnamese stock market up to now, although there are still things to discuss, compared to the region as well as the goals, today's achievements are very proud.
The Vietnamese stock market has established a framework and legal corridor for the market to operate effectively, building and developing a system of market members with full financial potential and professional capacity to build and participate in the market.
The market has also built and developed an investor system with only a few hundred initial investors, now having 10 million accounts of both domestic and foreign investors.
From the first campaign to get the first businesses listed on the market, the stock market capitalization has now reached over 60% of GDP, sometimes up to 70%, a proud scale.
Vietnam has also built technical infrastructure for the market. Most recently, the new information technology system for the market, KRX, has been applied to meet the needs of the stock market. We also have a good market management team, payment systems, and securities transfers have also been built and operated, and are moving towards establishing a central payment counterparty (CCP) model to meet market needs.
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| Deputy Minister of Finance Nguyen Duc Chi gave a speech at the seminar "New capital flow driving force" - Photo: Chi Cuong |
The Deputy Minister of Finance emphasized: “The stock market needs to become a medium and long-term capital mobilization channel, a “thermometer” reflecting the health of the economy and the capacity of enterprises. And after 25 years of development, we have built and accumulated a significant amount in all aspects, from which we can discuss whether we can bring the market to a new level? Today's discussion on the topic 'New Capital Flow Driving Force', I think, is very timely, relevant in terms of content, relevant in terms of the requirements and expectations of many people from investors, from management agencies to market participants”.
With the leadership of the Party and the State, Vietnam will have to build more great plans and goals in the future. The Deputy Minister affirmed that in this context, the requirement for the financial market and the stock market is the requirement for the outstanding development of the stock market, attracting medium and long-term capital flows, attracting and meeting the needs for investment, developing and building the country's infrastructure with very large-scale projects.
Deputy Minister Nguyen Duc Chi also raised 3 important groups of issues to collect opinions in the Discussion "New Capital Flow Driving Force" today.
The first is the issue of the legal framework for market development to bring the market to a qualitative change and new heights. What are the bottlenecks that need to be changed?
Second, what is the solution to have more goods on the market, to have more new goods that meet market demands with good quality, large capitalization and attract large investors?
Third is about market structure and infrastructure. With the current structure, how can we increase the proportion of institutional investors in the market while enhancing knowledge for individual investors? What shortcomings do market members have and what recommendations do they have for the market to develop? What needs to be done to upgrade the stock market as soon as possible and when upgraded, how can we maintain the ranking and continue to improve it?
Deputy Minister Nguyen Duc Chi affirmed that the above core issues will open up the driving force for investment capital flows into the market. The contributions and discussions today by market members will be synthesized and contributed to the policy-making process and continue to develop the stock market sustainably in the coming time.
Source: https://baodautu.vn/yeu-cau-moi-ve-su-phat-trien-vuot-bac-cua-thi-truong-chung-khoan-d338936.html
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