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
Vietnamese securities firms reap profits on stock market rallies
A chorus of Vietnamese securities firms have announced impressive profit estimates for the first quarter of this year, thanks to positive market developments.
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
Investors need patience amid high market volatility: brokers
The VND/USD exchange rate is continuing to climb, and amid high market volatility, stock investors need to patiently observe market developments and wait for a short-term balance zone, according to Vietnamese brokers.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
VN-Index plunges 20 points with over 1.7 bln in trading value
The benchmark VN-Index, which represents the Ho Chi Minh Stock Exchange (HoSE), plummeted 20.22 points, or 1.6%, to 1,243.56 on Monday amid strong selling pressure.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
Rubber, industrial park stocks attract cash flow
Cash flow ran into industrial park and rubber stocks from March 11-15 with a series of tickers making strong gains.
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
VN-Index drops below 1,250-point mark as foreign investors net sell $39.6 mln
The Vietnamese stock market encountered strong fluctuations in the first trading week of March with a sudden increase in liquidity.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
VN-Index gains for fourth consecutive week
Vietnam's benchmark VN-Index increased 46.28 points to 1,258.28 from February 26 to March 1, marking its fourth consecutive week of gaining.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
HCMC bourse prepares first rehearsal of trading system conversion
The Ho Chi Minh Stock Exchange (HoSE) will conduct from March 4-8 the first rehearsal on shifting from the existing trading system to the new one provided by Korea Exchange (KRX).
Finance - 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
Foreign investors strong net sellers as VN-Index shakes
Vietnam’s benchmark VN-Index had a shaky trading week from February 19-23, with foreign investors net selling nearly VND1.46 trillion ($59.25 million) on the Ho Chi Minh Stock Exchange (HoSE).
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
Valuations of VN-Index are 'really cheap now': VinaCapital economist
VN-Index is trading at a P/E (price to earnings) of 10x in fiscal year 2024, 25% below the valuation of its regional emerging market peers, writes Michael Kokalari, chief economist of VinaCapital.
Consulting - Mon, Dec 22, 2021 | 11:30 am GMT+7
VN-Index to reach 1,300 points in 2024 thanks to individual investors: broker
Vietnam’s benchmark VN-Index will welcome capital flow from individual investors in 2024 and hit 1,300 points by the end of the year, according to Vietnamese broker Saigon Securities (SSI).
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam set to launch new stock trading platform KRX after final tests
A new stock trading platform provided by the Korea Exchange (KRX) will be deployed in Vietnam soon as its final user testing phase is completed.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
VN-Index to reach 1,200-1,220 points in February: broker
Increasing domestic capital flow is likely to push Vietnam’s benchmark VN-Index towards the resistance territory of 1,200-1,220 points in February, according to VNDirect Securities.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
Finnish fund reports 6.8% growth in Vietnam investment performance
Finland’s Pyn Elite Fund saw its investment performance in Vietnam grow 6.8% month-on-month in January, well above the 3% gain in Vietnam’s benchmark VN-Index.
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
Foreign investors net buy $42 mln of Vietnamese shares during Jan 22-26
Foreign investors recorded their second consecutive week of net buying Vietnamese stocks with 64.64 million shares worth over VND1.03 trillion ($41.86 million) from January 22-26, up nearly 3.5 times in volume and 2.3 times in value than the previous week.
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
Vietnamese stocks to benefit from Fed’s monetary easing: broker
Vietnam’s stock market will likely rally after the U.S. Federal Reserve (Fed) ceases its tightening cycle and loosens its monetary policy again, according to Yuanta Securities Vietnam (YSVN).
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
Foreign investors to be net Vietnam stock buyers in 2024: experts
Foreign investors will return to net buying in the Vietnamese stock market this year to catch opportunities from the market status upgrade from “frontier” to “emerging”, said experts.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
‘New generation’ firm DNSE Securities to list on HCMC bourse
DNSE Securities will list on the Ho Chi Minh Stock Exchange (HoSE) soon after completing its initial public offering (IPO) in the second or third quarter, the broker said Thursday.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
Banking stocks push VN-Index up to 4-month high
The rally of banking stocks was the main factor helping Vietnam’s benchmark VN-Index gain 12.44 points, or 1.06%, to close at 1,181.5 on Friday, the highest level since September 22 last year.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
Investors advised to buy more securities, real estate stocks during corrections next week
Investors should take advantage of corrective sessions next week to buy more stocks in the securities and real estate groups, said brokers.
Finance - 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
Six securities firms fined $1.5 mln in 2023
The Ministry of Finance fined six securities companies VND37.2 billion ($1.53 million) for violating regulations in 2023, said Deputy Minister Nguyen Duc Chi on Friday.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
New stock trading system should be launched in Vietnam soon: deputy minister
A trading system developed by the Korea Exchange (KRX) should be put into operation in Vietnam soon to ensure synchronous transactions, said Deputy Finance Minister Nguyen Duc Chi on Tuesday.
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 shares appealing compared to regional peers: brokerage
The VN-Index, the main gauge that tracks the Ho Chi Minh Stock Exchange, is trading at a forward price-to-earning (P/E) of 9.1x, relatively attractive compared to its regional peers, Tien Phong Securities (TPS) said in a report.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
Foreign investors net sell Vietnamese stocks for 7 straight weeks
Foreign investors were net sellers on the Ho Chi Minh Stock Exchange (HoSE) to the tune of VND2,692 billion ($111 million) in the December 18-22 week.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
Foreign investors net sell stocks worth $337.8 mln December fortnight
Foreign investors net sold VND8.2 trillion ($337.8 million) worth of stocks on the Ho Chi Minh Stock Exchange (HoSE) in the last 13 consecutive sessions.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
VN-Index forecast to hit 1,300 points next year: broker VCBS
Vietnam’s benchmark VN-Index is forecast to reach 1,300 points in 2024 on the back of low deposit interest rates at commercial banks, says leading broker Vietcombank Securities (VCBS).
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
- Editor’s Picks
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CIMB Bank Vietnam posts $3.4 mln loss in 2023
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With multiple coal-fired power plants facing closure, Vietnam still has no transition roadmap
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$5.4 bln Long Son Petrochemicals Complex fails test run, to try again in June
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Berjaya Vietnam CEO and his business portfolio
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Vietnam-China joint venture to build $800 mln automobile factory
- Editor’s Picks
-
CIMB Bank Vietnam posts $3.4 mln loss in 2023
-
With multiple coal-fired power plants facing closure, Vietnam still has no transition roadmap
-
$5.4 bln Long Son Petrochemicals Complex fails test run, to try again in June
-
Berjaya Vietnam CEO and his business portfolio
-
Vietnam-China joint venture to build $800 mln automobile factory