Approving Capital Market Development Scheme to 2010

Prime Minister Nguyen Tan Dung issued Decision No 128/2007/QD-TTg dated August 2, 2007 ratifying the national scheme developing the capital market until 2010 and vision to 2020.

 

The overall goals of the scheme are to develop the Vietnamese capital market quickly, synchronously and firmly, with the stock market being the backbone to gradually make the capital market into a vital component of the financial market and to help mobilise the capital market for economic development. The total value of Vietnam’s capital market will make up 50 per cent of GDP in 2010 and 70 per cent of GDP in 2020. Vietnam’s capital market will reach the regional level by 2020.
Q.C