Tet holiday is about to begin, but securities investors are busy collecting shares which now have reasonable prices.

To achieve the goal of upgrading the stock market as early as 2025, the Ministry of Finance in 2024 must undertake various tasks in coordination with other ministries and sectors for implementation.

The market performance last week indicated strong differentiation with short-term capital flows showing positive rotation within each group and stock.

The scenario in which the US Federal Reserve lowers interest rates will also stimulate cash flow from the currency market back into international capital markets.

If the stock market is upgraded to emerging status, the potential influx of foreign capital could range between $5 and $8 billion.

Ups and downs in the stock market were seen in 2023, but recovery was still the general trend. Better opportunities are expected to come this year.

Listed companies’ earnings growth is expected to recover from zero last year to 10-15% this year, but with a wide variation between sectors, according to Michael Kokalari, a chartered financial analyst and chief economist at VinaCapital.

Many noteworthy events occurred in the local stock market throughout the year.

The Ho Chi Minh Stock Exchange (HoSE) on January 4 announced that as of December 29, 2023, there had been 42 enterprises with capitalisation of over US$1 billion listed on the HoSE.

Deputy Prime Minister Le Minh Khai has signed a Decision approving the stock market development strategy until 2030.

The market capitalisation of Vietnam’s stock market approximated 6 quadrillion VND (246.7 billion USD) in 2023, rising 9.5% from and equivalent to about 62% of gross domestic product (GDP) in 2022, statistics show.

Vietcap Securities Joint Stock Company (Vietcap) predicted a potential weakening in the upward momentum of the VN30 basket, which could result in downward adjustments for large capitalisation groups leading the VN-Index.

Vietnam’s stock market is set to grow in a stable, safe, healthy, effective and sustainable fashion under a freshly-approved strategy.

The market inched higher on Wednesday, with the VN-Index returning to the 1,100-point level.

The number of share auctions in the Vietnamese stock market has reached its lowest level in the past 16 years, according to recent statistics from the Hanoi and HCM Stock Exchanges (HNX and HoSE).

World Bank (WB) experts have suggested several things that Vietnam should do to attract foreign investment in the stock market at the recent Inter-Agency Seminar on Unlocking the Potential of Vietnam’s Capital Markets.

After struggling due to the pandemic and its lingering effects, aviation stocks are expected to have excellent prospects in the near future thanks to Vietnam’s promotion of cooperation with China.

Prime Minister Pham Minh Chinh has just issued an official dispatch on strengthening measures to foster the secure, transparent, efficient, and sustainable development of the stock market.

Overall, in the first 11 months of 2023, the number of accounts was 355,672 higher than the end of 2022, bringing the total numbers to more than 7.25 million accounts, equivalent to 7.3% of the population and exceeding 5% of the set goal.

The stock market experienced a volatile week when investigations released conclusions about the Van Thinh Phat and Tan Hoang Minh cases.