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.

The Vietnamese stock market is still on the watchlist for a possible upgrade from the Frontier to Secondary Emerging Market status, according to FTSE Russell due to its inability to satisfy all 9 upgrading criteria.

Experts believe that investor sentiment will improve this week, leading to the return of cash flows.

The Ministry of Finance has issued a new circular which aims to improve stock market transparency in Vietnam. ​

Many large securities firms are upsizing their capital scale to compensate for asset risks and potential losses, and prepare for an expected market boom.

Positive signs have appeared in the stock market following a conference discussing lending to the real estate sector. While securities and bank shares have made a breakthrough, real estate and construction shares remain quiet.

The capital flow from exchange – traded funds (ETFs) is returning to the stock market after the market correction in October caused the VN-Index to tumble by nearly 11 per cent but the inflow is not as strong as expected.