Vietnam’s stock market capitalisation reaches 90.3% of GDP

Monday, 2021-04-05 12:35:03
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NDO - The capitalisation of Vietnam’s stock market has reached VND5.6 quadrillion (US$242.7 billion) as of the end of February 2021, equivalent to 90.3% of GDP, according to the State Securities Commission.

The figure was a 7.3% increase from the end of 2020, indicating significant growth in the stock market, which has become an important channel for mobilising capital in the medium and long run.

However, the main source of funding for the economy remains credit.

Statistics show that outstanding loans were equivalent to 146% of GDP as of the end of 2020, which experts say is relatively high compared to the development level of Vietnam’s finance.

Vietnam’s credit growth is also among the highest in the region.

Therefore, there are still ample opportunities for balanced growth in Vietnam’s capital market, with human resources and technology to be the two drivers for the market in the coming time.