HANOI, Dec. 28 (Xinhua) -- The capitalization of Vietnam's stock market has reached nearly 5.3 quadrillion Vietnamese dong (223 billion U.S. dollars) so far this year, down 32 percent against the same period last year, according to the State Securities Commission of Vietnam on Wednesday.
The capitalization in the Ho Chi Minh Stock Exchange (HOSE), the Hanoi Stock Exchange (HNX) and the Unlisted Public Company Market (UPCoM) is equivalent to 62.2 percent of Vietnam's GDP, Vietnam News Agency cited the commission which announced the statistics at a conference on Wednesday.
According to Deputy Finance Minister Nguyen Duc Chi, the derivatives market continued to be an attractive investment channel for the public to invest in and help investors diversify investment cash flows in 2022.
Vietnam's stock market was under great pressure from fluctuations in the international market and there were many alternating correction sessions this year. However, it is still considered an attractive market compared to others in the region as foreign capital inflows returned strongly in the last months of the year, he said.
The finance official suggested that Vietnam implement proper measures to stabilize the stock market to ensure the market develops in a more sustainable way, continuing to be an important channel for mobilizing capital for the economy.
So far, the total number of securities investor accounts in Vietnam has reached nearly 6.8 million, surging 57.7 percent compared to the same period last year. The increase was driven by local investors, which totaled 6.755 million accounts, hiking nearly 58.2 percent compared to 2021. ■