By the end of June 2024, the VN-Index reached 1,245.32 points, an increase of 10.2% compared to the end of last year. The average trading value of sessions across the stock market (HOSE, HNX, UPCoM) in 6 months reached 24,598 billion VND/session, an increase of 39.9% compared to the average of the previous year. Stock market capitalization as of June 28 reached more than 7,066 trillion VND, an increase of 19% compared to the end of last year, equivalent to 69.1% of estimated GDP in 2023.
The number of investor securities accounts continues to grow, reaching more than 8 million accounts by the end of June 2024.
Also in the first 6 months of 2024, the derivatives market and government bond market both operate stably and maintain positive liquidity. Along with that, the positive recovery of the domestic macro economy has supported the business activities of most listed companies and companies registered for large-scale transactions to achieve positive results. Total profit after tax in the first quarter of 2024 increased by 3.4% over the same period last year.
In the first 6 months of 2024, the Committee has carried out many proposed tasks and plans such as: Developing legal documents; manage operations of securities trading organizations; securities offering activities, public company management, audit quality control; inspect, supervise and handle violations; foreign cooperation; and information and propaganda... In addition, the State Securities Commission has continued to coordinate with relevant units to actively and decisively deploy solutions for the Vietnamese stock market to meet the upgrade criteria. . The efforts and solutions proposed by the management agency have been positively evaluated by international organizations, market members...
At the Conference, Chairwoman Vu Thi Chan Phuong requested the units of the State Securities Commission and the Stock Exchanges and Vietnam Securities Depository and Clearing Corporation to continue their efforts, determination, and effective coordination to Carry out key tasks of the securities industry. Accordingly, units need to closely follow the proposed plans and solutions to effectively deploy all aspects of work, focusing on 6 key goals.
One, continue to improve the legal framework and policy system for market development. It focuses on implementing the Action Program of the State Securities Commission to implement the Securities Market Development Strategy until 2030.
Second, promote the modernization of technological infrastructure and increase the application of science and technology.
Third, strengthen supervision, examination and inspection to ensure the stock market develops sustainably, openly and transparently; promptly detect and strictly handle violations.
Fourth, continue to restructure securities companies and fund management companies to improve the operational capacity and financial safety of securities trading organizations.
Fifth, diversify the investor base, develop the institutional investor system, encourage long-term foreign investment, and train individual investors.
Sixth, promote foreign affairs and international cooperation, organize regular dialogue between management agencies and other countries' management agencies and international organizations to have solutions and policies appropriate to the situation. world situation, Vietnam's conditions.
