Stock market capitalization reached about 6.66 million billion VND

As of March 27, the VN-Index reached 1,283.09 points, up 2.3% compared to the end of last month and up 13.6% compared to the end of 2023. The stock market capitalization reached about 6.66 million billion VND, up 12.2% compared to the end of 2023, equivalent to 65.2% of estimated GDP in 2023.

Currently, the market has 736 stocks and fund certificates listed on the two stock exchanges (HOSE and HNX), 870 stocks registered for trading on the UPCoM floor and nearly 7.4 million securities investment accounts. The average trading value in March 2024 was VND 30.6 trillion/session, up 31.4% over the previous month. In the first 3 months of the year, the average trading value was VND 23.7 trillion, up 35% over the average in 2023.

The Ministry of Finance also said it has been actively working with market rating organizations to explore upgrading Vietnam's stock market.

Accordingly, the Ministry of Finance has worked with market rating organizations such as FTSE Russell and MSCI to learn about their market classification criteria and exchange information on efforts from Vietnamese regulatory agencies. The Ministry of Finance is continuing to finalize major issues regarding stock market development strategies, restructuring the stock market, establishing a capital trading floor for innovative startups, etc.

Along with that, the Ministry of Finance has strengthened management, supervision, inspection and examination of public companies and securities trading organizations to ensure the healthy development of the market. To date, the management agency has issued 116 decisions on penalties in the securities sector, with a total fine of about VND20.1 billion.

Regarding the bond market; including corporate bonds and government bonds, the market currently has 457 listed codes; the average trading volume in March reached VND 10.9 trillion, up 16.4% over the previous month; the average for 3 months reached VND 9.8 trillion, up 49.7% over 2023.

As of March 22, 20 enterprises issued bonds with a volume of VND 16.1 trillion (down 36% compared to the same period in 2023); of which, real estate enterprises accounted for 67.4%, construction enterprises accounted for 10.8%; average issuance interest rate was 10.57%/year and average issuance term was 4.29 years; 71.8% of bonds issued had secured assets. The volume of early repurchase was VND 17.6 trillion (down 37.7% compared to the same period in 2023).

As of March 26, the number of corporate bond codes registered for trading announced on the Corporate Bond Information Portal of the Hanoi Stock Exchange was 943 bond codes of 270 enterprises with a registered trading value of more than 657.2 trillion VND.