Regional S&P representative suggests that developing a safe, sustainable, transparent, and efficient capital market be one of the government’s top priorities in the national financial development strategy.

Vietnam’s capital market is developing quite quickly, according to Professor Hoang Van Cuong, a Member of the National Assembly’s Committee for Financial and Budgetary Affairs. The market reached 134.5 per cent of GDP last year, or 3.5 times higher than in 2015. It still has limitations and shortcomings, however, and needs to be transformed from quantity to quality to ensure sustainable development.

Minister of Finance Ho Duc Phoc has said that Vietnam’s financial market is developing towards striking a balance between the money market and the capital market and between the stock market and the bond market, making an important contribution to restructuring public debt.