According to the State Securities Commission (SSC), in the first 6 months of 2024, the Government's proactive, flexible, and drastic solutions to promote growth and stabilize the macro-economy have helped the Vietnamese stock market grow stably, safely, transparently, and maintain high liquidity.

By the end of June 2024, the VN-Index reached 1,245.32 points, up +10.2% compared to the end of the previous year. The average trading value per session on the entire stock market (HOSE, HNX, UPCoM) reached VND 24,598 billion/session, up +39.9% compared to the average of the previous year.

The stock market capitalization on June 28 reached more than VND 7,066 trillion, up +19% compared to the end of last year; equivalent to 69.1% of estimated GDP in 2023. The number of investor securities accounts continued to grow, reaching more than 8 million accounts by the end of June.

Along with that, the derivatives market and the government bond market have both operated stably and maintained positive liquidity. The positive recovery of the domestic macro economy has supported the business activities of most listed companies and large-scale registered trading companies to achieve positive results, with total after-tax profit in the first quarter of 2024 increasing by +3.4% over the same period last year.

The State Securities Commission requests relevant units to continue to make efforts, be determined, and coordinate effectively to carry out the key tasks of the securities industry from now until the end of the year. Accordingly, it is necessary to closely follow the proposed plans and solutions to effectively implement all aspects of work, focusing on key objectives.

Continue to improve the legal framework and policy system for market development, focusing on implementing the Action Program of the State Securities Commission to implement the Stock Market Development Strategy to 2030.

At the same time, promote the modernization of technological infrastructure, enhance the application of science and technology; continue to restructure securities companies and fund management companies to improve the operational capacity and financial safety of securities business organizations. Strengthen supervision, inspection and examination to ensure the sustainable, public and transparent development of the securities market; promptly detect and strictly handle violations.

In addition, focus on diversifying the investor base, developing the institutional investor system, encouraging long-term foreign investment, and training individual investors. Promote foreign affairs and international cooperation, organize regular dialogues between management agencies and management agencies of other countries and international organizations to have solutions and policies suitable to the world situation and Vietnam's conditions.

Galaxy