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In 2020, 3% of the population invests in securities

Friday - 08/03/2019 18:47
By the end of 2018, Vietnam stock market had only 2.18 million domestic and foreign investors participating.
According to the project of Restructuring the securities market and insurance market until 2020, the orientation to 2025 has been approved by the Prime Minister, the target of the stock market scale by the end of next year must reach 100% of GDP. The number of listed companies also increased by 20% compared to 2017.

The number of investors in the market reached 3% of the population by the end of 2020 and 5% of the population by the end of 2025, while ensuring a reasonable structure between individual and institutional investors, between investors in and abroad.

Statistics from the State Securities Commission showed that by the end of 2018, Vietnam stock market had only 2.18 million investors. The number of domestic private investors accounted for an overwhelming proportion of 2.14 million, an increase of more than 250,000 compared to the beginning of the year.

The project also aims to upgrade the stock market on the list of emerging markets before 2020, to diversify products through the implementation of guaranteed warrants, government bond futures contracts and Future contracts on new indexes outside VN30, step by step deploying options and futures on stocks before 2025.

8 solutions are expected to be implemented to restructure the stock market, including market structure, securities business organization, investor base, commodity base, improving legal basis, improving ability to monitor and enforce enforcement, upgrade markets and strengthen the role of professional associations.

Scheme on restructuring securities and insurance market till 2020, the orientation to 2025 is set to bring securities into an important medium and long-term capital channel for the economy, to build a reasonable structure between money market and capital market, between bonds and stocks, actively support the process of restructuring state-owned enterprises and promote the development of the private sector.

Author: Translated by CoPhieuViet.Com

Source: Vnexpress newspaper

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