return icon Vietnamnet.vn

Domestic investors help to create records in Vietnam's securities market

The stock market has set records in terms of scores, liquidity and the number of new accounts this year, as investors have seen it a shelter amid complex developments of the COVID-19 pandemic.

Domestic investors help to create records in securities market hinh anh 1

The stock market has set records in terms of scores, liquidity and the number of new accounts this year.

 

 

The stock market has set records in terms of scores, liquidity and the number of new accounts this year, as investors have seen it a shelter amid complex developments of the COVID-19 pandemic.

The benchmark VN-Index on the Ho Chi Minh Stock Exchange (HOSE) reached a new record high of 1,500.8 on November 25, up nearly 36 percent from late 2020.

Liquidity is regularly at 1 billion USD, even hitting nearly 53 trillion VND (roughly 2.3 billion USD) on December 23.

According to the Vietnam Securities Depository (VSD), by November 30, there were 4,083,325 accounts in Vietnam’s securities market, 1.3 million higher than the number in late 2020.

Mirae Asset Securities (MAS) said in 2021, the VN-Index has successfully surpassed the 1,200 point mark and conquered the 1,500 point threshold, despite the economy experiencing two consecutive pandemic outbreaks.

Banking, real estate, materials, basic construction, financial services were the market leaders, contributing 31 percent, 23 percent, 15 percent, 10 percent, and 8 percent, respectively to the growth of VN-Index.

The firm reported that by the end of November 2021, VN-Index increased by nearly 34 percent compared to 2020 and was named among the markets with the highest profitability in the world.

Foreign investors have maintained a net selling strategy in 2021, with a total net selling value of nearly 61.6 trillion VND by December 17, more than four times higher than the net selling level last year.

Domestic individual investors net bought more than 84 trillion VND in the first 11 months of the year, which was the main driving force to increase market liquidity and VN-Index continuously set new peaks in 2021.

In the context of low interest rates, the population’s idle money shifted to the securities investment channel, with the number of new accounts opened by domestic individuals remaining above 100,000 accounts each month.

Experts from the Vietcombank Securities Company (VCBS) forecast that the securities market will continue to be an attractive investment channel, especially for individuals.

Nguyen Thi Hoa, from ACB Securities Company (ACBS), held that the increasing engagement of domestic investors has signaled the continuous development of the market.

A new trading platform of the HOSE, scheduled to be put into operation in the second quarter of 2022, will help to facilitate the development of new products and lure more investments in the market, she said.

Echoing Hoa’s view, Tran Khanh Hien, Research Director of VNDirect Securities Corporation, said the growth pace would be maintained thanks to economic recovery and the participation of domestic individuals.

However, the main risk for the market in 2022 is still higher-than-expected inflation, which may lead to the roll out of tightened monetary policies, she said./.

Source: VNA

MORE NEWS

Cashew industry faces huge challenges

Vietnam exported over 206,000 tonnes of cashew nuts worth 1.19 billion USD in the first five months of 2022, down 7.81% in volume and 6.81% in value, the Vietnam Cashew Association (VINACAS) reported.

After failed deal with MobiFone, AVG finds new owner

AVG has changed hands, but it has not made an official announcement about the deal.

Hue's Dong Ba Market revamped to lure tourists

Returning to Thua Thien Hue after over two years of lockdown, Luu Hoang Long and his wife, a Vietnamese Australian, chose first to visit Dong Ba Market, the biggest traditional local shopping centre in the ancient royal city of Hue.

Retail giants to sell low-cost products

With powerful financial resources, big retailers are organizing retail chains that sell a wide variety of lower priced goods.

Five directions for internet development in Vietnam

Deputy Minister of Information and Communications Pham Duc Long pointed out five major directions for internet development with an aim of creating a safe, modern and humanitarian digital society at the VNNIC Internet Conference 2022 last week.

Vietnam proposes to issue ID cards to people without Vietnamese nationality

Non-Vietnamese nationals living in Vietnam will likely be granted an electronic identification account to perform public administrative procedures.

VN, Hungary’s parliaments sign new cooperation agreement

A new cooperation agreement between Vietnam and Hungary’s national assemblies was assigned by National Assembly (NA) Chairman Vuong Dinh Hue and his Hungarian counterpart László Kövér in Budapest on Monday.

Australia pledges to continue fostering strategic partnership with Vietnam

Australian Foreign Minister Penny Wong has affirmed that her nation always attaches importance to Vietnam's role in the region, and pledges to continue strengthening its strategic partnership with the Southeast Asian nation.

Ben Tre coconut-based dishes set World Record

The World Records Union (WorldKings) and the Vietnam Records Organisation (Vietkings) on June 27 recognised the 222 coconut-based dishes cooked at an event held in the Mekong Delta province of Ben Tre.

Health Ministry yet to consider COVID-19 endemic disease

The Ministry of Health has proposed considering COVID-19 a Group A infectious disease, not an endemic disease in its latest draft on COVID-19 prevention and control measures in the new situation.

E-commerce enabler OnPoint raises $50 million from Singapore fund

OnPoint has successfully raised $50 million in a series B fund-raising round from SeaTown Private Capital Master Fund managed by SeaTown Holdings International, an indirect wholly-owned subsidiary of Singapore’s Temasek Holdings.

SARS-CoV-2 Omicron sub-lineage BA.5 enters Vietnam

The SARS-CoV-2 Omicron sub-lineage BA.5 has entered Vietnam and may overwhelm the old sub-lineage BA.2 which is dominant in the country, according to Prof. Dr. Phan Trong Lan, Director of the Health Ministry’s Department of Preventive Medicine.

HCM City promises to ease problems faced by Korean investors

The chairman of the Korean Chamber of Commerce and Industry in Vietnam, Shon Young Il, has called on HCM City authorities to help Korean firms resolve difficulties they face in investing and operating in the city.

VIETNAM NEWS HEADLINES JUNE 27

Newly-appeared low pressure zone in East Sea may develop into storm

VIETNAM BUSINESS NEWS JUNE 27

Vietnam’s exports to Hungary on the rise
back_to_top