Stock market attracts investment

Since it was first opened, the country’s stock market has expanded the number of listed companies from just 2 to nearly 700 companies, followed by a remarkable increase in the total market value of shares from just 0.28% GDP.

The first trading session of 2016 saw the VNIndex close at 574.41 points, while the HNX-Index recorded 79.45 points, a fall of 4.62 points and 0.51 points respectively. However market capitalisation surged to 153 million shares worth over 104 million USD. More than 88.8 billion USD has been raised through the stock market, equivalent to 60% of the credit value in the monetary market.

Since equitisation and its listing on the Hanoi Stock Exchange Haiphong Port JSC has increased its profits 80% up on its results for 2014.

"We’re considering investing in a 266.6 million USD project, we just need our shareholders to approve of an extra 26.6 million USD from our business activities each year. With these amounts altogether, we can build a new sea port within the next 3 to 5 years", Phung Xuan Ha, Chairman of Hai Phong Port JSC, said.

The stock markets have also attracted nearly 15 billion USD from indirect investment fund.

"To better promote the stock market, information should be written in English, too. However, this is a weak point for many Vietnamese businesses. Management agencies and securities commissions also need to be taken into account to promote Vietnam as truly emerging market", Nguyen Vu Quang Trung, Deputy General Director of Hanoi Stock Exchange (HNX), said.  

Once the stock market is promoted, it will better facilitate indirect investment capital flows into the market, creating an important channel to attract investment into the economy.