The Vietnam Stock Exchange (VNX) reported revenue of over 1.92 trillion VND (78.26 million USD) in 2023, down nearly 44 per cent compared to the previous year.
Prime Minister Pham Minh Chinh has instructed the Ministry of Finance, State Bank of Vietnam and the Ministry of Planning and Investment to address obstacles in relevant sectors for upgrading the stock market from frontier to emerging status.
Several Vietnamese banks, amidst efforts to enhance market presence, are still far off from going public or transitioning their listings to major exchanges.
Only three share auctions have been organised in the Vietnamese stock market so far this year, the lowest number since 2007, according to recent statistics from the Hanoi and Ho Chi Minh Stock Exchanges (HNX and HoSE).