Stock Market To Unlock Capital For Private Sector | Vietnam Today

Vietnam's stock market is increasingly reinforcing its role as a key medium and long-term capital channel for businesses, especially the private sector. The issue was highlighted at the conference, Private Sector in the Era of National Rise, held in Hanoi on Wednesday morning. The report tells more. According to experts at the conference, the private sector contributes more than half of Vietnam's GDP and accounts for 97% of all enterprises. However, many businesses continue to face difficulties accessing capital, especially as Vietnam pursues double-digit economic growth targets. With the deep understanding and guiding directives of the party, the government and the Ministry of Finance, Vietnam's stock market will become a medium and long-term capital mobilization channel for the economy, including the private sector. Under Resolution 68, the Politburo has identified private enterprises as among the most important drivers of the national economy. In that context, policymakers, market experts, business leaders are focusing on how to unlock more capital for private companies. Capital mobilization through the stock market reached US$15.35 billion in 2023, up 25% year-on-year. The figure continued to rise by nearly 29% in 2024 and almost 43% in 2025, to more than US$28.28 billion, reflecting renewed growth in both the stock and corporate bond markets. Businesses that need capital and have strong business models should consider an IPO roadmap for their companies, especially technology-related firms and manufacturing or commercial enterprises with stable cash flows, solid financial statements and transparent operations. Alongside encouraging domestic firms to go public, experts also called for broader participation from foreign-invested enterprises. We must allow FDI enterprises to be listed on the stock market. When foreign direct investment enterprises are listed on the market, they already have investors around the world, and we can mobilize a much larger source of capital than we do currently. The recent confirmation by Fousey Russell of Vietnam's roadmap to upgrade its stock market to secondary emerging market status by September this year is also expected to boost investor confidence and improve access to global capital.