Derivatives transactions totaled VND2.8 trillion ($123.16 million) in the fifth week of the market’s launch, from September 18 to 22, up sharply in both value and volume (35,408 contracts).

Volumes averaged 7,081 contracts a day and value VND559.3 billion ($24.6 million), up 17.8 times and 3.96-fold compared to the market’s first week.

In the first five trading weeks, investors traded 160,867 contracts worth VND12.3 trillion ($541.04 million).

There was a matured contract and a new open contract last week. On September 21, contract code VN30F1709 matured; the second to do so since the market opened.

The Hanoi Stock Exchange (HNX) listed futures contract code VN30F1710; the second listed by the exchange and replacing contract code VN30F1709.

The latest derivative contracts have caught the attention of investors, according to HNX figures.

Contract code VN30F1710 saw trade of 6,515 contracts while others saw 128 contracts.

Vietnam’s derivatives market was launched on August 10, joining Singapore, Malaysia, Thailand, and Indonesia within ASEAN.

Speaking about the launch, Deputy PM Vuong Dinh Hue said that “this is an important milestone in the development of Vietnam’s securities market, which satisfies the expectations of the government and the business and investor communities,” adding that the launch comes 13 years earlier than expected.

Derivatives trading in Vietnam was first planned several years ago, to help draw more investment into its capital markets and broaden the finance industry. The market is initially trading stock index contracts in the VN30-Index.

VN Economic Times