On July 28, 2000, the first two stocks – REE and SAM – were officially listed on the Ho Chi Minh Stock Exchange (HoSE), marking the birth of Vietnam’s stock market.
Exactly 25 years later, on July 28, 2025, a grand ceremony was held in Ho Chi Minh City to commemorate the 25th anniversary of Vietnam’s stock market and announce the launch of the KRX IT system. The event was honored by the presence of Deputy Prime Minister Ho Duc Phoc, Minister of Finance Nguyen Van Thang, leaders from the Ho Chi Minh City People’s Committee, the State Securities Commission (SSC), Stock Exchanges, listed companies, financial institutions, and various market participants.
VIOD was honored to attend the event as a member of Vietnam’s capital market ecosystem. Representing VIOD’s leadership were Mr. Pham Hong Son – Honorary Chairman, Ms. Ha Thu Thanh – Chairwoman, and Mr. Darryl Dong – Board Member, who joined the celebration and extended congratulations to the entire market on this significant milestone.
Today, HoSE hosts nearly 400 listed companies, with a total market capitalization exceeding VND 3.3 quadrillion and an average daily trading value of over VND 19 trillion. The official operation of the KRX trading system since May 2025 has not only modernized the market infrastructure but also created opportunities for the development of new trading products and services – contributing to a more dynamic, transparent, and regionally aligned market.
In his speech at the ceremony, Mr. Don Lam – CEO of VinaCapital – emphasized the critical role of transparent and effective corporate governance in building investor trust – an essential foundation for a sustainable and competitive Vietnamese stock market in the regional landscape.
Looking back on the 25-year journey, it is clear that continuous innovation, transparency, and deeper integration have been the cornerstones of trust-building and value creation in Vietnam’s stock market. VIOD remains committed to accompanying the market by supporting, training, and advancing good corporate governance practices – helping to transform awareness into action and enhance governance quality among listed companies.
✨ Once again, congratulations on the 25th anniversary of Vietnam’s stock market – a remarkable journey of resilience and long-term value creation for the future! ✨
CORPORATE GOVERNANCE – A CRUCIAL BENCHMARK OF MARKET VALUE
At the ceremony celebrating the 25th anniversary of the Vietnamese Stock Market – a milestone marking the formation and development of the country’s capital market – Madame Ha Thu Thanh, Chairperson of the Vietnam Institute of Directors (VIOD), delivered a compelling message on the pivotal role of Corporate Governance in enhancing market value and advancing regional integration.
According to Madame Ha Thu Thanh, for the Vietnamese stock market to be recognized as a transparent, ethical, and effective channel for capital mobilization, Corporate Governance must be explicitly acknowledged and placed at the core of evaluation criteria. It is not only a prerequisite for attracting high-quality capital flows, but also a true measure of the value of listed companies, beyond short-term financial indicators.
She also called on businesses to proactively adopt international governance standards, considering Corporate Governance as both a strategic objective and a vital development pathway aligned with the country’s market upgrade roadmap. Strong Corporate Governance practices, she emphasized, lay the foundation for Vietnamese listed companies to be recognized as “ASEAN Asset Class”.
Source: HTV News
