Tue, Jul 21, 2026, 16:21:00

The conference, titled "Synchronized solutions for capital market development", will bring together policymakers, banks, securities firms, investment funds and businesses to discuss solutions for the rapid and sustainable development of the capital market, foster a more balanced capital allocation model between the banking system and the capital market, and meet the economy's high growth requirements in the new phase.
The event follows the government's issuance of Resolution No. 168/NQ-CP on June 27, which updated Vietnam's economic growth scenario and set out key measures aimed at achieving GDP growth of at least 10% in 2026, including a target of 11.9% growth in the second half of the year.
According to the Ministry of Finance, Vietnam will require a total society's investment of around VND38,500 trillion ($1.46 trillion) during the 2026-2030 period, or an average of VND7,700 trillion ($292.83 billion) annually, to sustain double-digit economic growth. That would represent more than double the average annual investment recorded during 2021-2025.
The country's financial system remains heavily reliant on bank lending. Credit outstanding was equivalent to about 146% of GDP at the end of 2025, one of the highest ratios among lower middle-income economies, posing challenges for liquidity management and financial stability.
Other financing channels, however, continue to offer significant growth potential. As of the end of May 2026, the capitalization of Vietnam's stock market exceeded VND10,600 trillion ($403.12 billion), equivalent to 82.6% of estimated 2025 GDP.
Vietnam's equity market has been upgraded by FTSE Russell from frontier to secondary emerging market status, while trading infrastructure and the legal framework have continued to improve.
Despite those developments, foreign investors have remained net sellers since the start of the year, while domestic capital flows have weakened amid higher interest rates, limiting companies' ability to raise new funds.
Under the government's Resolution 168, the government called for further measures to develop the stock market, including amendments to the Securities Law to be submitted to the parliament in October 2026, alongside revisions to related regulations aimed at strengthening market capacity.
Separately, the Politburo's Resolution No. 10 on foreign-invested economic development calls for improving policies governing foreign portfolio investment, with the goal of securing an upgrade of Vietnam's stock market by index provider MSCI before 2030.
