Vietnam's capital market sees strong growth amid macroeconomics stability, according to media reports

HANOI (Bernama-Xinhua): The Vietnamese capital market has shown strong growth on the back of the stable macroeconomic situation, reports the local media.

However, improvements should be made in margin trading and securities blockade before transactions, foreign ownership limit, extension of foreign room, and equal access to information, Vietnam News Agency reported on Monday citing Ketut Ariadi Kamusa, a senior financial sector specialist at the World Bank, as saying.

Carolyn Turk, World Bank country director for Vietnam, said competent agencies should enhance coordination to develop the capital market, which holds huge growth potential.

According to the State Securities Commission of Vietnam, the Southeast Asian country looks to upgrade its stock market from a frontier status to an emerging market by 2025.

The status upgrading requires close cooperation between the market regulator and the management agency of the banking sector, Turk said.- Bernama-Xinhua