return icon

Record high number of new accounts on VN stock market opened

The number of newly opened accounts has reached a record high at a time when the stock market has fallen sharply.

According to the Vietnam Securities Depository Center (VSD), over 32,000 new accounts were opened in March alone. Most of them are transaction accounts of domestic investors. This is the sharpest increase in number of newly opened accounts in the last two years.




The Vietnamese stock market had witnessed trading sessions with the sharpest index decreases in that month.

With fears about the epidemic, investors rushed to bargain stocks away, causing
the VN Index to fall continuously for consecutive trading sessions.

In March alone, the VN Index dropped by 220 points with more than 90 percent of shares in the market sliding in prices. For the first time since 2018, the VN Index hovered around 660 points.

When the VN Index plummeted, the market saw the sharpest increase in number of investors joining the stock market.

When the VN Index plummeted, the market saw the sharpest increase in number of investors joining the stock market.

Nguyen Kim Chi, director of the Pham Ngoc Thach Branch of KIS Vietnam, confirmed that the number of new accounts has increased significantly in recent days.

He said many new investors have joined the market and many old investors who left the market for many years are coming back.

According to Chi, the increase in number of accounts show investors’ attempt for bottom fishing.

As traffic surged, systems became overloaded. Techcom Securities (TCBS) has sent an email to its clients apologizing for the quality of the transmission lines that affected securities transactions.

The company said the number of users had increased recently, leaving many customers with bad experiences with TCInvest. The company fixed the problem and improved the system to ensure smooth operation again.

VnDirect Securities also had to explain technical problems with online transactions on April 6-7. During the two trading sessions, some investors could not access the software for online transactions.

According to VnDirect, the company's user authentication system might be overloaded locally.

Bao Viet Securities (BVSC) said the recovery of the VN Index continues and the index is coming closer to the 780-820 point threshold in the short term.

However, many shares have gained impressive recoveries and they are approaching strong resistance areas. Therefore, the index may bear profit-taking pressure and see corrections in the next trading sessions.

The strong and prolonged net sale by foreign investors remain a negative feature. Thr market will also be affected by the Q1 business results of listed companies and the macroeconomic indexes, to be made public in April.

BVSC thinks listed companies’ business results in Q1 may be below expectations because of Covid-19.

Kim Chi 


VN stock market has torrid time in March

VN stock market has torrid time in March

The stock market fell sharply in March, with all indices dropping steeply, according to the Ho Chi Minh Stock Exchange.

Ministry cuts, exempts fees of 15 securities services to support stock market

Ministry cuts, exempts fees of 15 securities services to support stock market

The Ministry of Finance has cut the fees of nine securities services and exempted fees for six others as from March 19 as part of efforts to support the stock market amid the negative impact of the COVID-19 epidemic.



Vietnam in sustainable management phase of Covid-19 pandemic: WHO representative

3 million SIM cards with incorrect information to be locked by March 31

About 3 million mobile phone subscribers whose personal information registration doesn’t match the national population database will have their phone service cut off by the end of this month, the Ministry of Information and Communications has said.


Corporate bond issuance surges in March after prolonged inactivity

Vietnam Airlines announces flight cancelation due to strike in Germany

Strikes at Germany’s Frankfurt Airport led to a massive cancellation of flights from Hanoi and HCMC to the German metropolis from March 26-28.

Bamboo Airways to issue nearly one billion shares

Bamboo Airways has revealed plans to raise nearly VND10 trillion (US$424.1 million) by issuing 996.2 million shares.

SEA Games torch carried through streets of Hanoi

Brimming with symbolism, the torch was ceremoniously lit from a small lamp that had landed on Vietnam’s soil two days prior, and had been carefully guarded at the Cambodian Embassy.

British experts discover new untouched caves in Quang Binh

Five new caves where humans have never set foot were recently discovered in Lam Hoa commune of Tuyen Hoa district in the central province of Quang Binh by experts of the British Royal Cave Association.

30 Indonesians fall victim to Malaysia human trafficking ring in Vietnam

The police in Ho Chi Minh City have busted a human trafficking ring involving Malaysian nationals that allegedly deceived 30 Indonesians for property appropriation in Vietnam.

Over 103,000 TB cases detected in Vietnam last year

Vietnam detected 103,120 tuberculosis (TB) patients in 2022, up nearly 31% year-on-year, and 1.8% against that of 2020.

Vietnam commits to cross-border water development goals: Deputy PM

Vietnam pledges to further enhance cooperation with international organisations and partners to achieve sustainable cross-border water development goals, Deputy Prime Minister Tran Hong Ha has said.

Vietnam tourism promoted in Japan

A workshop on Vietnamese tourism and carriers, co-hosted by Vietnam Airlines and travel operator Thien Minh Group (TMG), took place in Tokyo on March 24, gathering 80 travel companies and airlines from both nations.

Hanoi seeks support from UNESCO in restoration of Kinh Thien Palace

Hanoi asked for continued support from the UNESCO World Heritage Centre (WHC) for a project to restore Kinh Thien Palace in the Thang Long Imperial Citadel in Hanoi, which was recognised as a UNESCO World Heritage Site in 2010.

CAAV suggests more time for piloting biometric authentication

The Civil Aviation Authority of Vietnam (CAAV) has proposed continuing pilot application of biometric authentication (facial recognition) at airports’ check-in desks.

Netflix to set up representative legal entity in Vietnam

Netflix is carrying out procedures with the Ministry of Planning and Investment to establish its representative legal entity in Vietnam.

Vietnamese Fintech unicorn among top 10 global financial platforms

Vietnam has one representative in the Global Platforms Ranking 2023, announced by TABInsights under The Asian Banker.