VIETNAM’S STOCK MARKET GAINS TWO MILLION NEW ACCOUNTS IN 2024

Vietnam’s stock market witnessed robust growth in 2024, with over two million new investor accounts opened, reflecting a surge in market participation.

By the end of December, the total number of domestic investor accounts exceeded 9.2 million, surpassing the country’s 2025 target a year early.

The growth was primarily fueled by individual investors, who added nearly 141,000 accounts in December alone. Institutional investors, in contrast, recorded a modest increase of 138 new accounts during the same period.

On average, the market saw over 166,000 new accounts opened per month throughout the year. Vietnam now targets reaching 11 million accounts by 2030.

Foreign investors also contributed to the market’s expansion, opening 182 new accounts in December, including 162 by individual investors and 20 by foreign institutions. For the entire year, foreign investors opened a total of 2,396 new accounts.

The VN-Index closed 2024 at 1,266.78 points, up by 12% over the previous year. Average daily trading value for stocks climbed 19.5% year-on-year to VND21 trillion, while bond trading value surged 81.1% to VND11.8 trillion per session. However, activity in the derivatives market declined, with average trading volume dropping 10.2%.

Source: The Saigon Times