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Encouraging FDI firms to list locally would help supervise their performance as the companies would be managed by not only local authorities but also investors, shareholders, and the local stock exchanges.
Vietnamese shares may bounce back next week as investors will seek stocks that suffered sharp falls in previous sessions, analysts said.
The Ho Chi Minh Stock Exchange (HoSE) is preparing to receive billions of shares after companies delayed listing plans due to poor trading conditions.
The proposal to merge Hanoi and Ho Chi Minh City stock exchanges has been put on hold for the immediate future, according to a government report.
The VN-Index had rallied between the end of October and the beginning of November, with strong growth of large-cap firms.
As many as 706 enterprises, 85 per cent of 832 listed companies on the Vietnamese stock market, generated profits during the third quarter of this year.
Brokerages proposed different scenarios for the movement of VN-Index from now until the end of the year depending on the world's economic growth prospects.
Streamlining stock and securities activities in the country, the new State-owned Vietnam Stock Exchange (VSE) will take charge of regulating and supervising the Hochiminh Stock Exchange (HoSE) and the Hanoi Stock Exchange (HNX).
The Ho Chi Minh Stock Exchange (HoSE) will solely concentrate on operating the according to the Ministry of Finance.
The Ho Chi Minh Stock Exchange (HoSE) plans to introduce a new index that contains foreign-ownership-capped shares.
The Vietnamese stock market last week suffered after having rallied for four consecutive weeks amid negative news from the international markets.
The HCM Stock Exchange (HoSE) has announced the latest update to the blue-chip VN30 Index for July 2019, which will take officially effect from August 5.
The Ho Chi Minh Stock Exchange (HOSE) held the first trading session of covered warrants (CWs) on June 28, marking the debut of this type of securities product on the Vietnamese stock market.
Merging the two national stock exchanges would improve efficiency and trading conditions, the 14th National Assembly heard at a meeting on June 6.
With a par value of VND10,000 (US$0.43), the total value of the share amount in subject is VND14.18 trillion (US$611.64 million).
VietNamNet Bridge - Plans to list shares on the bourse are part of many banks’ business strategies for the year, but analysts doubt the plans will be implemented.
At least five banks are running against the clock to list shares on the bourse this year. Other banks are silent or have delayed listing plans for an indefinite time.
The funds managed by Alp Asia Finance have become a shareholder of Asia Commercial Bank (ACB) since May 7, holding a 10 percent stake of the bank.
The chair of the Vietnam Energy Association, Tran Viet Ngai, said that foreign companies see great development potential for Binh Son Refining and Petrochemical Co Ltd (BSR).
VietNamNet Bridge - More and more foreign capital is being poured into Vietnamese companies as the government speeds up the equitization and divestment process.