Hanoi Stock market off to a roaring start
(VOV) - Traders were optimistic for the prospects of a profitable new year as Prime Minister Nguyen Tan Dung beat the gong to open the first session of the new lunar year on February 24 for the Hanoi Stock Exchange.
Speaking at the opening, the Prime Minister applauded the development in the nation’s stock market since its inception, underscoring the point that it has been instrumental to the nation’s socio-economic development.
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“It has been a fundamentally crucial channel to raise capital for the national economy,” he affirmed, adding that it has greatly facilitated the transformation to a market economy in line with World Trade Organisation (WTO) commitments.
In addition, the market has quickened the privatization of State-owned enterprises (SOEs) and accelerated the marshalling of capital for investment and enhanced international integration, he said.
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PM Dung also requested the Minister of Finance, Chairman of the State Securities Commission (SSC) and relevant ministries perfect the legal framework to help the securities market operate in an open, transparent and effective manner in accordance with international norms.
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On the same day, the Prime Minister extended his best wishes to the staff at the Vietnam Bank for Social Policies (VBSP), saying that the bank’s ultimate goal should be to help households escape poverty and improve their standard of living.
Over the years, the VBSP has helped 25 million poor households get access to preferential loans and over 3.6 million of them escape poverty.