Viet Nam has over 10 million securities accounts
VGP - By the end of May this year, Viet Nam had over 10 million securities accounts, with 99.8 percent belonging to individual investors.
The Viet Nam Securities Depository Center announced that more than 191,000 new accounts were opened by investors in May, mostly by individuals. Cumulatively, in the first five months of the year, the market saw an increase of over 800,000 new accounts.
The number of securities accounts in Viet Nam has now surpassed 10 million, accounting for approximately 10 percent of the population.
The VN-Index rose by 106 points, equivalent to approximately 8.7 percent in May, marking the largest monthly gain in the past two years. Matched order liquidity reached nearly VND 20 trillion (US$767.6 million) per session.
According to the stock market development strategy until 2030, Viet Nam's stock market capitalization would equal to 100 percent of GDP by 2025 and 120 percent by 2030 while outstanding bonds would represent at least 47 percent of GDP by 2025 and 58 percent by 2030.
The derivatives market is projected to grow by an average of 20-30 percent per year in the 2021-2030 period.
The number of stock traders would reach 9 million by 2025 and 11 million by 2030.
The proportion of Government bonds held by non-banking investors would rise to 55 percent by 2025 and 60 percent by 2030.
Viet Nam's stock market will be upgraded from a frontier market to an emerging market by 2025 with a view to joining the group of four major stock markets in ASEAN by 2025./.
