Vietnam’s financial market reviewed

The National Financial Supervisory Commission held a workshop on Thursday that presented an overview of Vietnam's financial market this year.

Participants said the global economy was stagnant and the world's financial growth rate was lower than forecast. Global inflation was higher than last year due to a 30% oil price hike.

But Vietnam's economic growth this year was about 7%, the highest growth in the last 10 years. Capital supply was less dependent on banks, boosting the capital market and liquidity. Interest rates and exchange rates were stable. The stock market saw impressive growth, and market capitalization reached 75% of GDP, surpassing the goal set for 2020.

Source: VOV5