VN-Index up 15 points after losing over 100 points last week
Vietnam’s benchmark VN-Index gained 15.37 points, or 1.31%, to 1,190.22 on Monday, after losing more than 100 points last week, thanks to the rallies of securities and banking stocks.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam exchange rate pressures to ease gradually: economist
Vietnam will see exchange rate pressures ease gradually as the U.S. Federal Reserve (Fed) gets set to reduce interest rates and the gold market becomes more stable, said economist Can Van Luc.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam stock market loses $20 bln over four sessions
Price plunge swept away nearly VND480 trillion ($20 billion) from Vietnam’s stock market after four sessions during the week April 15-19.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnamese billionaires lose $479 mln on stock market plunge
The five wealthiest billionaires in Vietnam lost a total of VND12 trillion ($479.3 million) on Monday when the VN-Index, representing the Ho Chi Minh Stock Exchange (HoSE), plummeted 60 points, the sharpest fall in nearly 2 years.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam stock market worst performer in Asia, index records sharpest fall in 2 years
Vietnam’s benchmark VN-Index lost nearly 60 points, or 4.7%, to 1,216.61 on Monday, becoming the worst performer in Asia with biggest drop in 23 months.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
Banking, securities stocks lead Vietnam market surge
The Vietnamese stock market witnessed an explosive week-ending trading session in terms of score and liquidity on the back of strong rallies by banking and securities stocks.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam’s 2024 GDP forecast to grow 5.8%: Maybank Securities
Vietnam’s economy is expected to expand 5.8% in 2024 from 5.05% last year, driven by exports and domestic consumption, projected Maybank Securities Limited (MSVN).
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam major bourse likely to launch new trading platform KRX next month
The Ho Chi Minh Stock Exchange (HoSE) is likely to put into operation its new trading platform Korea Exchange (KRX) in May after several delays, said a brokerage executive.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
The Investor holds seminar to discuss cybersecurity in securities sector after VNDirect attack
The Investor is holding a seminar on Tuesday morning to discuss information security solutions in the securities sector after the recent attack on leading brokerage house VNDirect.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
FTSE retains Vietnam in watch list for reclassification to emerging market status
FTSE Russell, one of global index providers, has kept Vietnam in its watch list for possible reclassification to a secondary emerging market from a frontier market currently.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam securities stocks nosedive as cyberattack hits leading broker
Vietnamese securities stocks dropped sharply Monday afternoon after leading brokerage house VNDirect Securities said it had not been able to recover from a cyberattack that paralyzed its electronic platforms.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
VN-Index records strongest gain in 4 months
Vietnam’s benchmark VN-Index made an impressive recovery on Wednesday, surging 25.51 points, or 2.05%, to 1,270.5 thanks to rallies in securities, real estate, banking, and steel stocks.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam to facilitate more investments from S Korea: minister
Vietnam welcomes South Korean enterprises and investors to make fresh investments and expand operations, Minister of Finance Ho Duc Phoc said at a conference in Seoul Thursday.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Businesses offer recommendations to secure Vietnam stock market status upgrade
Representatives of businesses, investment funds and securities companies have recommended no foreign ownership limit (FOL), technology application improvement and diversification of stocks listed on the Ho Chi Minh Stock Exchange (HoSE) in an effort to upgrade Vietnam's stock market status.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
Speed up plan for stock market status upgrade: PM
Prime Minister Pham Minh Chinh has asked the Finance Ministry to identify measures for ensuring an upgrade in Vietnam’s stock market status to “emerging market” from “frontier market” in order to lure more foreign investment into the country.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
'Outside' cash flow to return to Vietnam stock market after Tet: broker
Cash flow that has been "on the sidelines" in recent months will return to the Vietnamese stock market after the Lunar New Year holiday (Tet) in anticipation of the 2024 annual general meeting (AGM) season, according to Rong Viet Securities (VDSC).
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
Pre-funding requirement to be eased for foreign stock investors
The Ministry of Finance will offer competent authorities a feasible solution to the pre-funding issue for investors, especially foreign ones, said Deputy Minister Nguyen Duc Chi on Thursday.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam stock market may see $4 bln in foreign buying with upgrade
Foreign funds may purchase around $3.5-4 billion worth of Vietnamese shares if the country’s stock market status is upgraded by two global index providers MSCI and FTSE, BIDV Securities JSC (BSC) has said in a report.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
Domestic cash flow to lead Vietnam stock market in 2024: broker
Cash flow into Vietnam's stock market in 2024 will be more stable than in 2023, with domestic investors expected to be the main source thanks to low interest rates, according to An Binh Securities JSC (ABS).
A year in review and 2024 forecasts - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam stock market makes a good start to 2024
Vietnam's stock market recorded a positive first trading week of 2024, with the benchmark VN-Index surpassing the 1,150-point mark accompanied by abundant liquidity.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
Landmark anti-corruption cases help better Vietnam stock, bond markets: police officer
Investigations into and the handling of a series of corruption cases in the private sector have helped improve the performance of the stock and bond markets, said a senior police official.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam welcomes 395,000 new securities accounts in 2023
Vietnam recorded 395,290 new securities accounts in 2023 despite a massive number of inactive accounts being removed during the year.
A year in review and 2024 forecasts - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam aims to nearly double size of securities market in 2025
The Vietnamese government has set a target of raising its securities market capitalization to 100% of gross domestic product (GDP) in 2025, nearly doubling its size as of end-2023.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
2023 in review: Vietnam’s Top 10 stock market events
Vietnam’s stock market saw several landmark events in 2023, including the Prime Minister’s order to upgrade the market from “frontier” to “emerging", and corruption scandals. Here below are the top 10 events.
A year in review and 2024 forecasts - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam stock market to grow strongly in 2024: KIS Vietnam Securities
The Vietnamese stock market will make a breakthrough in 2024 thanks to the recovery of the domestic macro economy and the positive influence of supportive policies from the government and the State Bank of Vietnam, said Truong Hien Phuong, senior director at broker KIS Vietnam Securities.
Banking & Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam PM requests review of virtual securities accounts, early market status upgrade
The Ministries of Finance and Public Security must join hands to review investor data before cleaning up at securities companies to improve stock market safety, requested Prime Minister Pham Minh Chinh in a dispatch signed on Wednesday.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
Investment rush expected as listed firms look to raise capital in Vietnam
Securities firms expect an investment rush in Vietnam as many listed firms get busy at the year-end with plans to raise capital via private placements and public offerings.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam stock market faces strong selling pressure at the close
Vietnam’s benchmark VN-Index encountered strong selloffs at the close (ATC) from November 20-24.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam needs 3-5 years to fix consequences of Van Thinh Phat-SCB scandal: analyst
It will take the Vietnamese government three to five years to deal with toxic loans related to the Van Thinh Phat-Saigon Commercial Bank (SCB) scandal and repair the damage caused, said Nguyen Quang Thuan, chairman and founder of Hanoi-based FiinGroup, a leading financial data provider in Vietnam.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Three IPOs in Vietnam raise $7 mln in Jan-Nov: Deloitte
Vietnam saw three initial public offering (IPO) listings raising $7 million from January to mid-November, Deloitte said in a new report for the Southeast Asian region.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
Strong selling pressure returns to Vietnam stock market
Strong selling pressure in the week-ending session knocked the wind out of the Vietnamese stock market's sails as it fell to around 1,100 points.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam touts stock market upgrade to American investors
Vietnam's government is determined to remove the obstacles facing a market upgrade, thereby making the domestic stock market an attractive investment and business destination for domestic and foreign investors, said Chairwoman of the State Securities Commission (SSC) Vu Thi Chan Phuong.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
Individual fined for using 76 accounts to manipulate stock price
The State Securities Commission (SSC) has fined Nguyen Huu Duc, a resident of Danang city, VND1.5 billion ($61,700) and banned him from trading stocks for using 76 accounts to manipulate the stock market.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam stock valuation attractive: VinaCapital chief economist
The valuation of Vietnam’s benchmark VN-Index based on both price-to-earnings (P/E) and price-to-book (P/B) ratios has fallen to a level that was as cheap as it had been only twice in the past 10 years, said Michael Kokalari, chief economist at VinaCapital.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
Foreign investors net sell $50 mln on HCMC bourse in past trading week
Foreign investors were strong net sellers on the Ho Chi Minh Stock Exchange (HoSE) to the tune of VND1.22 trillion ($50.15 million) during the trading week from November 6-10.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
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