Cumulatively, over 10 million securities accounts have been opened in Vietnam as of the end of May, with 99.8 per cent belonging to individual investors.

According to an announcement from the Vietnam Securities Depository Center,  more than 191,000 new accounts were opened in May, mostly by individuals, bringing the total accounts opened in the first five months of the year to over 800,000.

As a result, the total number of securities accounts in Vietnam has surpassed 10 million, accounting for approximately 10 per cent of its population.

According to the country’s stock market development strategy until 2030, Vietnam's stock market capitalization would be equal to 100 per cent of GDP by 2025 and 120 per cent by 2030, while outstanding bonds would represent at least 47 per cent of GDP by 2025 and 58 per cent by 2030.

Meanwhile, the derivatives market is projected to grow by 20-30 per cent per year on average in the 2021-2030 period; and the number of stock traders would reach 9 million by 2025 and 11 million by 2030.

The proportion of Government bonds held by non-banking investors would rise to 55 per cent by 2025 and 60 per cent by 2030.

Vietnam's stock market is expected to upgrade from a frontier market to an emerging market by 2025 with a view to joining the group of four major stock markets in ASEAN by 2025.