4.1. Khái quát về thị trường chứng khoán Việt Nam và các doanh nghiệp phítài chính niêm yết4.11. Khái quát quá trình phát triển của thị trường chứng khoán Việt NamThị trường chứng khoán Việt Nam bất đầu hoạt động chính thức vào ngày28/7/2000 tại trung tâm giao dịch chứng khoán Thành phố Hồ Cdịch đầu tiên chỉ có 2 cổ phiếu niêm yết là SAM và REE với giá trị vốn hóa đạt 444 tỷđồng. Tiếp theo đó, vào ngày 8/3/2005, trung tâm giao dịch chứng khoán Hà Nội đượcthành lập với 5 cổ phiếu niêm yết, vốn hóa đạt khoảng 112 tỷ đồng.“Trải qua hơn 20 năm hình thành và phát triển, quá trình phát triển của thị trường,chứng khoán trải qua nhiều biển động và thăng trằm với các mốc sự kiện chính như sau:“Từ khi hình thành đến năm 2005: Có thể nói đây là giai đoạn sơ khai của thịtrường chứng khoán Việt Nam. Tại giai đoạn này, mặc dù thị trường chứng khoán mớihình thành và non trẻ. Các nhà đầu tư cũng mới bắt đầu làm quen với thị trường.vốn hóa thị trường còn nhỏ, chỉ bằng khoảng 1% GDP.Vào các năm 2005 đánh dấu mốc phát triển cho thị trường chứng khoán ViệtNam với việc thành lập Trung tâm lưu ký chứng khoán Việt Nam và trung tâm giao dịchchứng khoán Hà NộiNăm 2006, luật chứng khoán 70/20006/QHI 1 được thông qua chính là hành lang,pháp lý, tạo điều kiện cho thị trường chứng khoán phát triển có định hướng. Số lượng.công ty niêm yết, số lượng các nhà đầu tư, quy mô vốn hóa tăng đột biển. VN-Index đạtđỉnh 1.171 điểm vào ngày 12/4/2007. Tuy nhiên, sau đó thị trường bắt đầu không ôn định.Đến cuối năm, chỉ số VN-Index đồng cửa ở 927 điểm và mất 21% so với mức định.Đầu năm 2008 với cuộc khủng hoảng tài chính toàn cầu, các quốc gia trên thếgiới bị ảnh hưởng nặng nề và Việt Nam cũng không ngoại lệ. Việt Nam ghỉ nhận tốc độlạm phát 19,9% (theo báo cáo của World Bank). Cuối năm 2008, chỉ số VN-index chỉcòn 245,4 điểm. Năm 2010, Quốc hội thông qua luật Chứng khoán sửa đổi nhằm minh bạch và tạo điều kiện cho sự phát triển của thị trường chứng khoán trong nước. Sau đó,thị trường tương đối ổn định và không có sự biến động lớn
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