On December 29, 2023, the Prime Minister approved Decision No. 1726/QD-TTg on the Stock Market Development Strategy until 2030. Specifically as follows:
(1) The specific goal of the Strategy is to complete the division of listed stocks at the Stock Exchange in 2025; simultaneously:
- Stock market capitalization reaches 100% of GDP by 2025 and 120% of GDP by 2030;
- The number of securities trading accounts of investors on the stock market reaches 9 million accounts by 2025 and 11 million accounts by 2030;
- Improve the quality of listed company governance above the average level in Southeast Asia;
- Strive to upgrade Vietnam's stock market from frontier market to emerging market by 2025 according to stock market classification standards of international organizations;
- Actively integrating the financial market; aiming to reach the development level of the group of 4 leading countries in the ASEAN region by 2025.
(2) Solutions to implement the Strategy include:
- Completing the legal framework;
- Strengthen management, supervision, inspection, examination and handling capacity;
- Increase supply of goods to the market and improve supply quality;
- Solutions to develop and diversify the investor base, improve the quality of investment demand;
- Develop and strengthen the capacity of the system of market intermediaries and promote the role of social and professional securities organizations;...
