Opening of the first stock trading session of the spring of Quy Ty
On the morning of February 18, the stock market reopened after the Lunar New Year holiday. The State Securities Commission (SSC) held a gong-beating ceremony to open the first trading session of spring at the Hanoi Stock Exchange (HNX).
Deputy Prime Minister Vu Van Ninh attended and rang the gong to open the first trading session of spring, witnessed by market members.
Deputy Prime Minister Vu Van Ninh beats the gong to open the first stock trading session of the year of the Snake. (Photo: Linh Chi/Vietnam+)
In his speech at the beginning of the new year, the Deputy Prime Minister affirmed, "The Government is determined to set the target for 2013 to continue stabilizing the macro economy, curbing inflation, ensuring social security and striving to achieve a higher growth rate than in 2012.
I believe that the entire Party, people, army, investors and businesses will strive to overcome difficulties and challenges to achieve good results in the Year of the Snake. The stock market will continue to develop and contribute to the success of the economy in 2013.”
In 2012, despite many difficulties in the domestic and international economic context, the Vietnamese stock market index was among the highest growth groups in the world with total market capitalization reaching 765 trillion VND (an increase of 226 trillion VND compared to 2011) and reaching 26% of GDP.
Foreign indirect investment (FII) inflows during the year reached 300 million USD (in 2011 it was 240 USD), in addition, foreign investment flows participating in mergers and acquisitions also reached over 1.5 billion USD, while bond mobilization activities through the Hanoi Stock Exchange doubled compared to 2011.
In the first months of 2013, the State Securities Commission (SSC) submitted to the Ministry of Finance 6 groups of solutions to remove difficulties for the stock market, aiming to remove difficulties for businesses and the stock market, maintain stability and sustainability of the market, and continue to effectively implement the development and restructuring of the stock market.
In addition, SSC said it has also researched and proposed a number of solutions to remove difficulties for businesses in capital mobilization./.
According to (Vietnam+) - LT
