Vietnam has set an ambitious target of raising US$76 billion annually from capital markets, a strategic pivot designed to reduce the economy's heavy dependence on bank lending.
The figure represents a significant scaling up of the country's financial infrastructure ambitions, signaling a clear intent to broaden the funding base for its high-growth trajectory through 2045.
The reform package bundles long-promised market improvements into a cohesive overhaul.
By explicitly targeting capital market inflows, authorities are addressing structural vulnerabilities associated with a banking-dominated financial system.
This shift is critical for sustaining investment levels as the economy matures, moving beyond traditional credit expansion to more diversified equity and bond financing.
This development builds on the comprehensive financial market reform plan previously approved by the Vietnamese government, which extended to 2045 and included specific targets for foreign investment in the equity market.