VN-Index Surges as Vietnam's Financial Markets Show Robust Growth
Stock Market Hits New Highs Amid Strong Trading and Regulatory Reforms
The VN-Index, Vietnam’s benchmark stock market index, reached 1,267.68 points on May 27, marking a 4.8 percent increase from the end of April and a 12 percent rise since the beginning of the year. The market features 738 listed stocks and fund certificates across two major stock exchanges, with an additional 870 stocks registered on the Unlisted Public Company Market (UPCoM).
Vietnam boasts over 7.81 million stock investment accounts, and the average daily trading value in May was VND24.7 trillion. The five-month average trading value rose by 37 percent from last year to VND24.1 trillion.
The Ministry of Finance is spearheading initiatives to develop and restructure the securities market, including the creation of a capital trading platform for innovative startups. Efforts are also being made to enhance the oversight of public companies and securities businesses to promote healthy market growth.
In the bond market, 458 listed bonds saw an average daily trading value of VND10.6 trillion in May, a 15.4 percent increase from April. The five-month average trading value surged by 54 percent compared to last year, exceeding VND10 trillion. By May 24, 33 enterprises had issued VND57.6 trillion in private corporate bonds, doubling the amount from the same period last year. The real estate sector accounted for 51 percent of these issuances, with financial institutions contributing 36 percent. The average coupon rate on these bonds is 9 percent per year with an average term of 3.9 years.
In the insurance sector, total premium revenue for the first five months of the year was nearly VND88 trillion. By the end of May, total assets in the insurance sector were estimated at VND948 trillion, reflecting a 9 percent increase over the previous year. The sector's reinvestments into the economy reached an estimated VND787 trillion, up nearly 9 percent from last year.
Vietnam boasts over 7.81 million stock investment accounts, and the average daily trading value in May was VND24.7 trillion. The five-month average trading value rose by 37 percent from last year to VND24.1 trillion.
The Ministry of Finance is spearheading initiatives to develop and restructure the securities market, including the creation of a capital trading platform for innovative startups. Efforts are also being made to enhance the oversight of public companies and securities businesses to promote healthy market growth.
In the bond market, 458 listed bonds saw an average daily trading value of VND10.6 trillion in May, a 15.4 percent increase from April. The five-month average trading value surged by 54 percent compared to last year, exceeding VND10 trillion. By May 24, 33 enterprises had issued VND57.6 trillion in private corporate bonds, doubling the amount from the same period last year. The real estate sector accounted for 51 percent of these issuances, with financial institutions contributing 36 percent. The average coupon rate on these bonds is 9 percent per year with an average term of 3.9 years.
In the insurance sector, total premium revenue for the first five months of the year was nearly VND88 trillion. By the end of May, total assets in the insurance sector were estimated at VND948 trillion, reflecting a 9 percent increase over the previous year. The sector's reinvestments into the economy reached an estimated VND787 trillion, up nearly 9 percent from last year.
Translation:
Translated by AI
