Vietnam’s stock market capitalization reaches 84.3% of GDP

Xuan Thinh Monday | 01/04/2021 13:25

Photo: VCCI

VN-Index increased by nearly 15% in 2020 and stock accounts for 84.3 percent of gross domestic product, said Finance Minister Dinh Tien Dung while opening the first trading session of stock market.

Market liquidity reached VND7,400 billion ($318 million) per session. In November and December, the market liquidity reached an VND10,000 billion ($413.6 million) and VND14,800 billion ($639 million) per session, an increase of more than 2 times compared to 2019.

Total capital mobilization through the stock market reached VND384,000 billion ($16.5 billion), up 20 percent compared to 2019. Vietnam's stock market has been recognized as one of the most resilient and recovering markets in the world, said the minister.

At the ceremony, Finance Minister Dinh Tien Dung directed the State Securities Commission and related agencies to focus on speeding up the securities market restructuring, ensuring the safety and stability of the trading system, and promoting equitization of state-owned enterprises.

► Less turbulent 2021 seen for Vietnam stock market

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