In his speech, Prime Minister Nguyen Xuan Phuc asked the relevant agencies to develop the securities market as a channel for attracting medium-to-long term investment. 

He underlined the importance of sustaining the securities market, increase its scale and quality, diversify products and ensure transparency. 

Prime Minister Phuc said, the 20-year development of Vietnam’s securities market validates our correct decision in the process of building Vietnam’s socialist-oriented market economy. 

The Vietnamese government is committed to maintaining macro-economic stability, fine-tuning a transparent legal framework, and a fair, open, and robust business environment, and protecting the legitimate rights of investors. 

It’s necessary to strengthen and restructure the economy, continue SOEs equitization, and create the best possible conditions for the development of the securities market, the cabinet leader said.

Finance Minister Dinh Tien Dung said the ministry will continue directing the securities sector to fine-tune policies in line with market mechanisms and international practices while improving the State management on the securities market. 

As of November 2016, the stock market capitalisation reached US$ 81.36 billion or nearly 43% of the gross domestic product (GDP). Overall, the securities market value accounted for 65% of the GDP.