News » Vietnam
First Spring 2023 trading session of stock market opens
  • | VOV | January 31, 2023 10:06 PM
The Ho Chi Minh City Stock Exchange (HOSE) hosted a gong-beating ceremony on January 31, marking the first trading session of the Vietnamese stock market in Spring 2023.

In her opening speech, Vu Thi Chan Phuong, chairwoman of the State Securities Commission (SSC), emphasised that 2022 marked a challenging year for the Vietnamese economy due to a range of internal and external factors.

However, the national economy was able to record a series of impressive results, with GDP growth rate increasing by 8.02% and inflation kept in check, she said.

Moving into 2023, she said the global economic and political landscape is anticipated to record plenty of complicated and unpredictable developments, and in such a context the securities sector will continue to fine-tune the legal framework and formulate policies in line with the actual development of the stock market.

Phuong underlined the necessity of accelerating restructuring and swiftly putting the stock trading system from the Republic of Korea (RoK), known as KRX, into operation, along with facilitating the deployment of new products and services in a bid to ensure that the stock market operates in a smooth, safe, and efficient manner.

Furthermore, she said the securities sector will also focus on consolidating investors' confidence, providing them with accurate and timely information whilst simultaneously improving their knowledge and financial skills when getting involved in the market.

Phuong also affirmed the SSC will continue to coordinate with international organisations and at the same time propose that the Ministry of Finance work closely alongside relevant ministries to ensure that the Vietnamese stock market is soon upgraded in line with the set plan.

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