Two investors looking at a stock trading board on a laptop. (Photo: vneconomy.vn) Hanoi (VNS/VNA) – After 25 years of development, the Vietnamese stock market is playing a more important role in attracting capital, supporting the commercial banking system. Therefore the target is to turn the market into the main channel of medium and long-term capital for the economy. At a recent seminar "The stock market: Releasing resources for businesses, profitable investment channels and assets” launched by Bao Dau Tu (Investment Review), Nguyen Duc Chi, Deputy Minister of Finance, said that the ministry is working with other ministries to report to the Government and the Prime Minister on the development strategy of the country's stock market to 2030, with an outlook to 2045. The fundamental factors for creating the strategy are based on the country’s socio-economic development, the Party’s orientations and resolutions, and the Party’s guidelines and policies. The general target is to build and develop the stock market into the main medium and long-term capital channel for the economy, Chi said. The 25 years of development show that the stock market is playing a more crucial role in attracting capital, supporting the commercial banking system . In the past, before the establishment of the… Read full this story
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