Brighter outlook forecast for stock market

According to Chairwoman of the State Securities Commission (SSC) Vu Thi Chan Phuong, the stock market’s developments in 2025 and coming years will continue to depend largely on macroeconomic policies and the domestic and international economic outlook.

Regarding the factors that positively affect the Vietnamese stock market in 2025, Phuong said that the investment and business environment with flexible management policies and support from the Government in Vietnam will continue to improve, actively supporting the development of businesses. In addition, some internal factors, such as more positive foreign cash flow and the prospect for upgrading the stock market are also mentioned as positive signals.

Vietnam’s stock market will strive to soon be upgraded from a frontier to an emerging market

The amended Securities Law and Circular 68/2024/TT-BTC have removed many bottlenecks, creating favorable conditions for investment capital flows, especially from foreign investors.

Circular 68/2024/TT-BTC is an important step in removing legal bottlenecks, especially the transaction business that does not require pre-deposit in cash, helping Vietnam meet many of FTSE Russell’s upgrading criteria.

From the above factors, Chairwoman Phuong believes that the Vietnamese stock market in 2025 is forecast to have a brighter outlook, thanks to breakthroughs from Vietnam’s internal factors. The market will continue to maintain stability, good liquidity, and grow in both scale and quality.

Completing stock market upgrade goal

The Prime Minister’s Decision 1726/QĐ-TTg on approving Stock Market Development Strategy until 2030 aims to upgrade Vietnam’s stock market from a frontier market to an emerging market by 2025, following international classification standards.

Chairwoman of SSC Vu Thi Chan Phuong said that the upgrade not only brings many opportunities to the Vietnamese stock market and market participants, but also enhances its reputation, investment environment, positively impact market liquidity and promote the country’s economic growth in general.

To achieve this goal, the Ministry of Finance and the SSC are also continuing to work with relevant ministries and sectors, such as the State Bank of Vietnam and the Ministry of Planning and Investment to propose solutions to meet criteria for the market upgrade.

Vietnam’s stock market promises to be brighter in 2025

Ministries and sectors are also actively working hard to facilitate foreign investment in the Vietnam’s stock market, such as amending legal regulations on opening indirect investment capital accounts, updating the maximum state ownership ratio for conditional business sectors, and limiting market access for foreign investors.

According to SSC Chairwoman Vu Thi Chan Phuong, to support the stock market to develop more strongly in both quality and quantity, the SSC will continue to improve the legal framework and policies, focusing on completing guiding documents of the amended Securities Law when approved by the National Assembly, protecting the legitimate rights and interests of investors, creating motivation to promote the sustainable development of the stock market. The commission will also implement synchronous solutions to classify, and expand the market; restructure the stock market based on four pillars including market organization, commodity base, investor base, and securities trading organizations to further expand opportunities for businesses to raise capital.