Investors at a stock trading floor in Ha Noi. The stock market has gradually become an important capital mobilisation channel, especially for local governments and enterprises. Photo vnreview.vn HÀ NỘI — There are many securities products that are widely used in other countries but have not yet appeared on the Vietnamese stock market, said Doctor Phan Đức Hiếu, deputy director of the Central Institute for Economic Management (CIEM). “This makes the Vietnamese stock market less attractive, affecting capital mobilisation of listed companies,” Hiếu said at a seminar held in Hà Nội on Wednesday, themed “Enhancing Việt Nam’s capital market accessibility”, co-organised by CIEM and the State Securities Commission (SSC). Participants at the seminar discussed solutions to offer new securities products to diversify the stock market and attract investors, helping businesses mobilise capital for production and … [Read more...] about Stock market needs more new products
What caused the stock market crash of 1929
Thanks to strong recovery, the Vietnam’s stock market has been in the top two markets with highest growth globally, after China. Liquidity has also jumped to the highest level in eight weeks partly because foreign investors fostered disbursement into construction, construction materials, banking and foods stocks. One of the factors that backed the recovery of Vietnam’s stock market was net buying of foreign investors which helped to boost investors’ sentiment on the market and created support for the market to escape the earlier four-straight-month correction. Especially, the VN-Index fled from losing trend since its peak of 1,200 points in April 2018 to return to rising trend. By the last trading session of February this year, on three trading floors, foreign investors had bought in 377 million shares worth more than VND15.18 trillion while sold out 370 million shares worth VND13.62 trillion. Thus, total net buying volume reached 7.1 million shares in February worth … [Read more...] about New expectations for Vietnam’s stock market
VietNamNet Bridge - The Vietnamese stock market in 2017 saw stock prices escalating, but not all investors could make money. The stock market in 2017 saw stock prices escalating Tuan, a 27-year-old investor, spends most of his time watching electronic boards on securities and trading floors and calling brokers. He was surprised that the CMG share price had dropped so dramatically despite the upward trend of the market. The high GDP growth rate, the government’s actions, and foreign capital flow are the three factors behind the strong rise of the stock market in 2017. ‘Too strong’, ‘crazy’ and ‘incredible’ are the words investors use to describe the rise of the stock market in 2017. RELATED NEWS GDP growth must rely on internal strength: economists Three scenarios for Vietnam stock market in late 2017 Kim Chi … [Read more...] about What’s behind the strong performance of the stock market in 2017?
VietNamNet Bridge - In order to be listed among top 10 stock billionaires by December 21, 2016, an individual must have stock assets of at least VND2.2 trillion, a figure higher than the total assets of many listed companies. Ten years ago, ‘the rich’ meant business people who got wealthy from trade and real estate development. When the stock market boomed in 2006, many Vietnamese began talking about a new generation of ‘super rich’ on the stock market called ‘securities godfathers’. The value of stocks held by individuals was worth up to trillions of dong, or even higher than the total assets of many enterprises in Vietnam. At the end of 2006, one needed to have assets worth VND836 billion to be added to the list of the 10 richest stock billionaires. The businessman who topped the 2006 list of richest stock billionaires was Truong Gia Binh, president of FPT, the largest domestic information technology group. FPT shares entered the bourse on … [Read more...] about How the stock market creates a super-rich class
Pham Thu Huong, 1969, from Hanoi, vice president of Vingroup, is the richest woman with VND4.724 trillion in stock assets as of December 31, 2016. Her husband, Pham Nhat Vuong, is president of Vingroup, the second richest billionaire. The 10 richest women on the stock market have total assets worth VND19.301 trillion, accounting for 11.5 percent of total assets of the 500 richest Vietnamese billionaires. The second position belongs to Pham Thuy Hang, Huong’s younger sister. Hang, who is also vice president of Vingroup, has VND3.155 trillion Truong Thi Le Khanh, born in 1961, from An Giang province, the third richest woman, president and general director of Vinh Hoan Seafood JSC, has VND2.634 trillion. Le Thi Ngoc Diep is in the fourth position with VND2.317 trillion. Diep is the wife of Trinh Van Quyet, president of FLC Group, the richest stock billionaire in 2016. Diep and Quyet have the huge total stock assets of VND36 trillion. With VND2.304 trillion, Vu Thi Hien is in the … [Read more...] about What are the stock assets of the 10 richest Vietnamese women?