News about capital markets

Dragon Capital estimates Vietnam needs about 1,460 billion USD in total investment over 2026-2030, nearly double the previous period, to keep GDP growth above 10% a year, while credit already stands at about 145% of GDP. The funding gap of 120-150 billion USD per year should be filled through stocks, corporate bonds, government bonds and other long-term sources, since bank credit currently provides 82.8% of the economy's funding, compared with about 4.1% from equities and 13.1% from bonds. ADB Chief Economist Bùi Minh Giáp says the goal is not to shrink banks' role but to build complementary capital channels, as heavy reliance on credit could fuel inflation and asset quality risks. State Securities Commission Deputy Chairman Bùi Hoàng Hải says FTSE Russell's upgrade of Vietnam's stock market to secondary emerging status from September 21 can attract capital, but lasting appeal depends on the market's genuine operating quality and that of listed companies.