The stock market is expected to see new developments next year as several bank stocks that are currently listing on the Unlisted Public Company Market (UPCoM) will move to the main Ho Chi Minh Stock Exchange (HoSE).

Bank stocks will deliver a strong performance again this year, partly because sector-wide bank earnings growth is expected to accelerate from 14% in 2024 to 17% in 2025 driven by a shift in GDP growth drivers from external factors to domestic driven growth.

The stock market inched higher on February 15 after a week closed due to Tet holiday, buoyed by gains in bank stocks.

Analysts of many foreign investment funds and local securities companies expect bank stocks will continue to record positive results in 2022.

In the context of impressive growth of the stock market, many companies have flocked to issue shares to raise capital, but not all achieve the expected result.

Billions of banking stocks are about to flood the market with banks planning to pay stock dividends and issue new shares to raise their charter capital.