Stock Market

HNX CEO: Stock Market to Remain Vibrant and Innovative in 2026

According to the CEO of HNX, Vietnam's stock market is poised for continued vibrancy in 2026, accompanied by the introduction of innovative products such as options and derivatives contracts, a capital trading platform for startups, green bonds, and a pilot carbon trading system.

Administrator

13 January, 2026

Hanoi Stock Exchange (HNX) CEO Vu Thi Thuy Nga (right) shares insights at the Financial Street Talkshow on January 12, 2026 – Screenshot

During the Financial Street Talkshow on January 12, 2026, reflecting on the 2025 stock market, Ms. Vu Thi Thuy Nga, CEO of the Hanoi Stock Exchange (HNX), highlighted several notable achievements across bonds, equities, and derivatives.

The government bond market continued its robust growth. The State Treasury and the Vietnam Bank for Social Policies raised nearly VND 380 trillion through auctions on HNX, a record high. Secondary market trading averaged VND 14.8 trillion per session, up 26% from 2024, also a historic peak.

The private placement corporate bond market (PPCBM) saw significant liquidity growth. Legal framework adjustments revitalized primary market issuance. Average trading value on the PPCBM system rose nearly 30% to over VND 5.6 trillion per session.

Domestically, successful PPCBM issuances reached nearly VND 540 trillion, up 23%. Internationally, issuances totaled USD 875 million, a 4.8-fold increase.

In 2025, HNX held 17 auctions to support state capital divestment, with 130 million shares sold for over VND 6.116 trillion, 14.4 times the 2024 figure.

Equity market liquidity surged. Average trading on HNX-listed stocks reached VND 1.874 trillion per session, up 30%, with market capitalization hitting VND 413 trillion, an 18.8% increase. UPCoM averaged VND 937 billion per session, up 3.7%.

Derivatives trading grew, with VN30 futures averaging 243,000 contracts per session, up 15%. The VN100 futures, launched on October 10, 2025, saw 14,371 contracts traded in its first two months.

Overall, HNX markets effectively mobilized capital for the state and businesses, offering transparent investment opportunities and becoming a key long-term financing channel for the economy.

Ms. Nga forecasts a dynamic 2026 for Vietnam’s stock market, with HNX committed to building a secure, efficient, and sustainable trading system to attract domestic and foreign capital.

HNX CEO Vu Thi Thuy Nga at the Financial Street Talkshow on January 12, 2026 – Screenshot

As 2026 marks a pivotal year, the securities sector is poised for further innovation. Ms. Nga outlines key priorities for market regulators and operators, including HNX.

Stabilizing and developing equity, bond, and derivatives trading systems is essential, ensuring safety and efficiency to attract investors as the market upgrades. This involves enhancing the government bond system, advancing the corporate bond market, and preparing for PPCBM Phase 2.

Product diversification is critical, with new offerings like options contracts, carbon trading (pilot launch in late 2026), and a startup capital platform. Green bonds will align with government initiatives.

HNX is actively working to meet FTSE Russell and MSCI upgrade criteria, focusing on market stability, technology modernization, and enhanced transaction monitoring to attract foreign investors.

In summary, 2026 offers opportunities but demands continued innovation to meet market and economic needs.

Huy Khai

– 14:51 13/01/2026