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Stock Market Capitalization is Equivalent to 42% GDP

Stock Market Capitalization is Equivalent to 42% GDP

Monday 23, 12 2019
Vietnam Stock Market Capitalization 2016 reached VND 1.765.000 billion, equivalent to 42% GDP, according to the report of the State Securities Committee (SCC)

At the Summarizing Conference the work in 2016 and work program in 2017 held by the SCC, Chairman Bang Vu says, in 2016, although we were affected by world situation, Vietnam Stock Market is still maintains stable growth rate, which was evaluated as one of 5markets with the highest growth rate in Southeast Asia

Specifically, the VN-Index increased 15%, the HNX-Index increased 0.8%; Market capitalization reached VND1.765 million billion, equivalent to 42% of GDP. Market liquidity was improved sharply, the average transaction size of market reached 6860 billion per turn, increased 39% compared to the end of 2015.

About the listed activities, registration transactions, stock market recorded 695 shares, listed fund certificates and 377 registration transaction shares with total listed value reached VND712,000 billion, increased 22% compared to 2015. Simultaneously, market also recorded 590 bond codes with total listed value reached VND 934,000 billion, increased 22.5%

About the capital mobilization, the total mobilized capital was estimated at VND 348,000 billion in 2016, increased 54% compared to 2015. Particularly , mobilizing capital by equalization and state divestment within 11 first months in 2016 reached nearly VND 8,100 billion, increased 46% compared to 2015; success rate also increased from 40% to 60% in this year

About the investment activities, the number of investors’ accounts reached about 1.67 million accounts, increased 6% compared to 2015

The number of stock companies with normal operation is 79 companies now, decreased 25% compared to the end of 2015. The number of fund management companies with normal operation is 46 companies, with the total charter capital is VND 3,785 billion, managed the total assets  with the value up to 146 thousand billions VND, increased about 17,7% compared to the end of 2015; the number of public funds increased dramatically, especially the open funds

About the management activities, supervising public companies and listed organizations in 2016, the State Securities Committee approved to register public company for 112 companies, cancelled to register public company for 33 companies; at the moment, we have 777 unlisted public companies which have no registration transactions. Implementing new listing for 21 companies, cancelling listing for 17 companies. Simultaneously, implementing new registration transactions for 107 companies on Upcom.  The SSC’s Information Disclosure System had 1,670 companies which register to implement information disclosure and make reports

                                         (Source: The State Securities Committee)

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Financial News

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