Minister of Finance Ho Duc Phoc beats the gong to open the first trading session of the Vietnamese stock market (Photo: VNA)
Hanoi (VNA) – The Hanoi Stock Exchange (HNX) on January 4 held a gong-beating ceremony to start the first trading session of the Vietnamese stock market.
According to HNX Deputy General Director Nguyen Tuan Anh, last year, the Vietnamese stock market saw strong growth and became an attractive investment channel.
By the end of the year, the market capitalisation had reached over 750 quadrillion VND (329.3 billion USD), a 45-percent increase compared to the same period of the previous year and equivalent to 100 percent of the GDP. VN-Index exceeded 1,500 points for the first time on November 26, marking a historical peak in Vietnam's securities market, he said.
Addressing the event, Minister of Finance Ho Duc Phoc said that Vietnam had a tough year in 2021 with many challenges from COVID-19. However, the year ended with positive results, he added.
With GDP expanding 2.59 percent, Vietnam still managed to remain microeconomic stability and good control over inflation, interest rate and exchange rate, he said, adding that last year, the stock market contributed nearly 11 trillion VND (483 million USD) to the State budget, higher than 5.2 trillion VND in 2020.
Meanwhile, along with new records in many indications, the market liquidity also rose strongly, exceeding 1 billion USD in many sessions and even 2 billion USD in some sessions. The number of newly registered securities accounts in 2021 was equivalent to the combined number of the four previous years.
Capital mobilisation on the stock market increased 25 percent year on year, with the value of issued corporate shares and bonds rising 2.3 times compared to 2020.
However, Minister Phoc also pointed to a number of loopholes in the market that need more efforts in legal framework completion to fix.
Although congestion on the Ho Chi Minh City Stock Exchange (HoSE) has been settled, the minister asked the Vietnam Stock Exchange and technology solution provider FPT to work together to avoid similar situation in the future.
Holding that the economy still faces many challenges in 2022, he asked the securities sector to become more active to meet all targets, continuously completing relevant institutions and organisation for higher efficiency./.
The Ministry of Finance has agreed in principle to reduce prices of some securities services to support the Vietnamese stock market, which has been in downfall since the COVID-19 outbreak.
Strong individual purchasing power has been the key to the strong rebound of the Vietnamese stock market this year after it was hit twice by the COVID-19 outbreaks.
The Vietnamese stock market has flourished amid global uncertainties due to the COVID-19 pandemic, said Tran Van Dung, Chairman of the State Securities Commission (SSC).
The Vietnamese stock market will continue to be supported by a number of positive internal and external factors of the economy as well as the market itself in 2021, Ta Thanh Binh, Director of Securities Market Development Department under the State Securities Commission, told the press on January 19.
While German consumers are familiar with Vietnamese products such as coffee, seafood, tea, and spices, many other quality items remain relatively unknown in the market. The Selgros event not only helped introduce Bac Giang lychee to German consumers but also provided them with the opportunity to experience other Vietnamese agricultural products.
The article by Cuba’s Inter Press Service detailed how Vietnamese private enterprise Agri VMA leased 1,000 ha of land in Los Palacios district, Cuba’s westernmost province of Pinar del Río, for rice cultivation over a three-year period. The project’s first harvest in 2025 recorded an impressive yield of 7.2 tonnes per hectare, far exceeding the local average of 1.6 tonnes.
During the visit, office representatives held a working session with the Tipaza Chamber of Commerce and Industry and met with several prominent local businesses operating in key sectors including industry, agriculture, fisheries, food processing, chemicals, pharmaceuticals and plastics.
A Nordic delegation to Vietnam International Sourcing 2025 in September will feature leading names in retail, consumer goods, logistics, and sustainable manufacturing, including global fashion giant H&M, offering fresh prospects for partnerships in fashion, textiles, and green supply chains.
With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,276 VND/USD and the floor rate 23,774 VND/USD.
Effective from the date of signing on June 18, the decision halts procedures outlined in the 2005 Memorandum of Understanding (MoU) between the governments of Vietnam and Laos on the initial implementation of the Greater Mekong Subregion (GMS) Cross-Border Transport Facilitation Agreement at the Lao Bao–Densavan border gate.
The event aimed to update businesses on new regulations and compliance requirements regarding US tax, trade, and customs policies, while offering practical solutions to facilitate exports amid shifting trade dynamics.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
Minister of Finance Ho Duc Phoc beats the gong to open the first trading session of the Vietnamese stock market (Photo: VNA) 
