Categories: Business

Stock market to grow next year: experts

HANOI (APP): After a period of decline and stabilization in 2022-2023, Vietnam’s stock market is expected to witness significant growth opportunities in 2024, Vietnam News cited experts as saying on Saturday.

According to the experts, lower interest rates and improved performance of listed enterprises are among the key factors driving this positive outlook.

Dinh Quang Hinh, head of the Macro and Market Strategy Department of VNDirect, said the country’s production and export sectors are showing signs of recovery.

Expansionary fiscal policies and wage reforms are expected to boost domestic consumption, contributing to improved business performance and driving stock market growth.

As of November 2023, Vietnam’s benchmark VN-Index recorded an 8.6 percent increase compared to the end of 2022.

The capitalization of Vietnam’s stock market has reached 5.75 quadrillion Vietnamese dong (236 billion US dollars), up 10.1 percent against the same period last year, according to the State Securities Commission of Vietnam.

The Frontier Post

Recent Posts

Israel’s Gantz demands Gaza day-after plan by June 8, threatens to quit cabinet

JERUSALEM (Reuters): Israeli war cabinet minister Benny Gantz demanded on Saturday that Prime Minister Benjamin…

2 hours ago

Vietnam nominates public security minister to be new president

HANOI: Vietnam’s governing Communist Party has nominated the public security minister to be the next…

2 hours ago

In Canada, bodies go unclaimed as costs put funerals out of reach

TORONTO (Reuters): Some Canadian provinces have logged a jump in unclaimed dead bodies in recent…

2 hours ago

Nancy Pelosi’s husband’s attacker jailed for 30 years

SAN FRANCISCO (AFP): A man who attacked the elderly husband of former US House Speaker…

2 hours ago

Dar, Muqam to depart for Kyrgyzstan amid mob attacks

F.P. Report ISLAMABAD: Prime Minister Shehbaz Sharif on Saturday decided to send Deputy Prime Minister…

2 hours ago

Nawaz questions his disqualification

F.P. Report LAHORE: Pakistan Muslim League-Nawaz supremo Mian Nawaz Sharif reiterated his long held position…

2 hours ago

This website uses cookies.