(PLO)- Both the Vietnamese economy and stock market are still in a high growth phase for at least the next five years.
In the newly released report, VinaCapital Group said that Vietnam is among the world’s highest-growing economies with an average GDP growth rate of about 6.5% per year in the period before the COVID-19 pandemic. .
The target of economic growth in the period 2021-2025 at 6.5-7% per year was set out at the 13th National Party Congress despite being affected by the COVID-19 epidemic in 2021. , however, it is entirely possible to be maintained in the period of 2023-2025.
High economic growth will be positive for the business activities of companies listed on the stock market.
According to VinaCapital, more importantly, in July 2022, the Government issued Resolution No. 86/NQ-CP on the development of a safe, transparent, efficient and sustainable capital market in order to stabilize the macro-economy. scale and mobilize resources for socio-economic development.
In particular, the important content is to urgently implement necessary measures to upgrade Vietnam’s stock market from the frontier market to the emerging market to attract investment capital, especially investment capital. foreign.
Currently, the Stock Exchange and securities companies are testing the new trading system KRX. This is a system that can meet the requirements of launching new products, shorten the transaction time, and help the Vietnamese stock market meet the requirements of upgrading to emerging markets.
The bright spot in Vietnam’s economy in the next 3-5 years and the prospect of upgrading the stock market will be an important driving force to attract cash flow from both domestic and foreign investors.
The size of the stock market will continue to expand thanks to increased liquidity and there are still many new companies likely to list in the coming years, including private enterprises and equitization or divestment of state-owned enterprises. water.
Both the Vietnamese economy and stock market are still in a high growth phase for at least the next five years and domestic and foreign investors will not pass up this opportunity,” emphasized VinaCapital.
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PHUONG MINH