As of September 30, Vietnam’s bond market size reached VND3.76 quadrillion (nearly $142.69 billion), equivalent to 32.8% of GDP. The stock market capitalisation exceeded VND9 quadrillion (over $341.5 bilion), equivalent to 78.4% of GDP.
Minister of Finance Nguyen Van Thang presented a report on state asset and budget financial management during the 2021-2025 period at the first congress of the Government's Party Organization for the 2025-2030 term on October 13.
During this period, the total value of tax and fee exemptions, reductions, and extensions was estimated at approximately VND1.1 quadrillion ($41.7 billion), aimed at supporting individuals and businesses during the economic recovery from the covid-19 pandemic and natural disasters.
By 2025, there have been over 1 million active enterprises nationwide, a more than 46% increase, compared to 2020.
Total social investment reached approximately 32.2% of GDP, with investments from the private sector and state-owned enterprises accounting for over 65%. Foreign Direct Investment (FDI) accounted for about 16% of total social investment, placing Vietnam among the top 15 largest FDI attractors globally.
Minister Thang outlined three key groups of tasks and solutions for the finance sector in the coming period.
First, to continue perfecting institutions and legal frameworks, streamlining administrative procedures, and promoting digital transformation. The objective is to improve the business investment environment, striving to place Vietnam among the top three countries in ASEAM and the top thirty countries globally, in terms of business environment innovation, by 2028.
The goal for 2030 is to have 2 million active enterprises, with 50 state-owned enterprises to be included in the list of the top 500 largest enterprises in ASEAN, and 1 to 3 enterprises to be listed among the top 500 largest enterprises globally.
Second, to effectively implement the national master plan, linked with the development of key economic regions, economic corridors, and new development spaces following administrative boundary adjustments, to promote regional connectivity and urbanization.
Third, to implement a proactive and reasonably expansive fiscal policy, closely coordinating with monetary policy to maintain macroeconomic stability and control inflation. Approximately 3% of the total annual expenditure will be allocated to science, technology, innovation, and digital transformation, aiming for digital economy to account for at least 30% of GDP by 2030, and for Vietnam to be among the top three leading countries in Southeast Asia in terms of digital competitiveness.
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