The long-term capital ecosystem and the role of the stock market in Vietnam's economy
As Vietnam's economy grows, the goal is to reduce excessive reliance on bank loans and develop a sustainable medium- and long-term capital market.
As Vietnam's economy grows, reducing excessive reliance on bank loans, building a sustainable medium- and long-term capital market, and establishing a strong institutional investor base stand out as a strategic necessity.
Economic Growth and Capital Needs
As the economy grows, the need for long-term capital becomes more complex, and the issue goes beyond merely expanding credit, which is a short-term fundraising channel.
Current Status of Bank Loans
As of the end of July 2026, total credit volume reached approximately VND 20.3 quadrillion, and credit has served as the main capital source for the economy for many years.
Future Capital Projections
It is stated that the economy's total capital must increase by an average of 13 percent per year until 2030, and by 10 percent per year during the 2031-2045 period.
Critical Importance of the Stock Market
Emphasizing that a sustainable economy cannot exist without a sufficiently large, deep, and strong stock market, attention is drawn to the role of stocks and corporate bonds.
Development of the Institutional Investor Base
To create a balanced investor structure, long-term investment products such as voluntary pension funds, open-ended funds, ETFs, and REITs are being promoted.
International Standards and Transparency
It is stated that new regulations will be implemented to elevate transparency and corporate governance standards to an international level, and reports will be published in bilingual formats.