Stock market should be main capital channel: Deputy PM
The stock market should serve as the main capital mobilisation channel for the economy, Deputy Prime Minister Vuong Dinh Hue said at a working session with the State Securities Commission (SSC).
Hanoi (VNA) – The stock market should serve as the main capital mobilisation chaꩵnnel for the economy, Deputy Prime Minister Vuong Dinh Hue said at a working ☂session with the State Securities Commission (SSC) on April 27.
He required the SSC to better implement solutions to attract more foreign investors in the stock market, while joining hands with relevant authorities to work out operation mechanisms for venture funds with the goal of supporting business start-up.
The SSC should also develop the corporate bond market and prepare for the launch of derivative market, the Deputy PM said.
Hue affirmed that the Government will push forward the equitisation of State-owned enterprises and enhance corporate governance to create more commodities for the stock market.
A report delivered by SSC Chairman Vu Bang showed the securities market maintained a stable growth in the 2011-2015 period, with the market index having expanded 65 percent after five years. The stock market mobilised more than 1,211 trillion VND (55 billion USD) during the period, four times the figure of 2006-2010, contributing 23 percent of total social investment.
As of the end of 2015, 686 companies were listed on the stock market while 256 joined the Upcom, up two times from 2011. The securities market’s capitalisation rose 1.5 times from the 2011 figure and accounted for nearly 35 percent of the GDP.
The Government bond market registered an average growth of 31 percent, becoming an important capital mobilisation channel for the government, the report said.-VNA
Vietnam’s securities sector reaped satisfactory results in 2015, thanks to its strong measures to attract external capital flows and through the restructuring of the stock market system.
Plans of increasing the percentage of foreign ownership will continue gripping the attention of investors when companies propose them in their annual general shareholder meetings (AGM).
The Hanoi Stock Exchange and the Ho Chi Minh Stock Exchange will further professional exchange and support as well as cooperate in areas of shared interest.
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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.
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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.
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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.
Illustrative photo (Source:Internet)
