The stock market in Vietnam is expected to gain popularity among domestic individual investors due to its accessibility, profit potential, and demographic and income level improvements.

The Ministry of Finance (MoF) is seeking opinions on amending several legal provisions to remove various bottlenecks and meet the criteria for stock market upgrades by rating agencies.

VNDirect, the first online trading broker in Vietnam, said on March 25 that it has resolved a cyberattack by an international organisation on its system and has been making efforts to restore the entire system to limit disruptions in transactions.

Vietnam's ambition to elevate its stock market from "frontier" to "emerging" status by 2025 faces two key hurdles, including pre-trade margin requirements for foreign investors and foreign ownership ratios in certain sectors.

The Vietnamese stock market is attracting billions of dollars, though the gold market is  hot with SJC gold prices soaring, while the dong/dollar exchange rate has hit new peaks and the central bank has withdrawn cash from circulation.

Vietnam stocks are among the best performers in Southeast Asia to start 2024, and the VanEck Vietnam ETF (VNM) is participating in the rally, reported the US’s etftrends.com on March 19.

The domestic stock market managed to set a weekly gain despite strong fluctuations last week.

The upgrading of the Vietnamese stock market to an emerging market has been long awaited by investors.

Dragon Capital, the manager of the two largest ETFs, has experienced strong capital outflows since the beginning of 2024, totalling over VNĐ2 trillion.

The stock market of Vietnam is now a magnet that attracts big cash inflow amid low deposit interest rates and high expectations that the market will be upgraded from frontier to emerging.

Under conditions where various factors converge - low interest rates, stable macroeconomic conditions, and flourishing profitability of listed companies - the stock market is expected to sustain its appeal to large capital inflows in the coming time.

The HCM City Stock Exchange (HOSE) experienced an eventful period under the "reign" of former director Le Hai Tra with the case of FLC Group and its owner Trinh Van Quyet manipulating the stock market, and HOSE’s leaders abusing power.

Discussing tasks in 2024, officials and analysts emphasized the need to take measures to upgrade the stock market from frontier to emerging.

The system has faced persistent delays and setbacks, extending the rollout schedule to nearly 10 years.

The system helps streamline administrative procedures and reduce business costs, improve efficiency and ensure timely information dissemination.

The local stock market's upgrade from the frontier to emerging status by 2025 remains critical to the country’s transformation into a high-middle-income country by 2035 and a high-income country by 2045.

Prime Minister Pham Minh Chinh chaired a conference to perform the task of developing the stock market in the year ahead, with the event jointly organized by the Ministry of Finance and the Government Office on February 28 in Hanoi.

Tens of billions of VND of capital are in investors’ accounts. Reports show that the total deposit balance at securities companies had reached VND83 trillion as of the end of 2023, or $3.3 billion.

The stock market in Việt Nam has begun an upward trend since mid-December 2023 and has experienced almost no interruptions so far, gaining over 130 points, approximately 12 per cent.

The Vietnam Stock Exchange (VNX) reported revenue of over 1.92 trillion VND (78.26 million USD) in 2023, down nearly 44% compared to the previous year.