return icon Vietnamnet.vn

Stock market size on HOSE reaches nearly 71 percent of GDP

Vietnam’s stock market capitalisation on Ho Chi Minh Stock Exchange (HOSE) as of March 31 skyrocketed 93.56 percent year-on-year to more than 4.46 quadrillion VND (193.72 billion USD), HOSE said.

Stock market size on HOSE reaches nearly 71 percent of GDP hinh anh 1

A transaction on HOSE 

 

The value was equivalent to some 70.95 percent of the country’s gross domestic product (GDP).

As many as 553 codes were traded on the southern bourse by the end of Quarter 1, including 397 stocks, three close-end fund certificates, seven exchange-traded funds (ETF), 114 covered warrants (CW), and 32 bonds.
In March, more than 14.78 billion shares were traded on the bourse at the value of over 355.56 trillion VND. The market liquidity improved against the previous month, with average 642.6 million shares worth 15.45 trillion VND sold in each transaction, up 15.9 percent and 11.33 percent respectively.

Foreign players’ transactions topped nearly 69 trillion VND, accounting for 9.7 percent of the market’s total transactions. They net sold more than 12.25 trillion VND worth of stocks in the month.

The benchmark VN-Index gained 1.97 percent to end the session on March 31 at 1,191.44 points, up 79.83 percent from the same time in 2020. Meanwhile, VNAllshare topped 1,158.99 points, increasing 95.94 percent year-on-year.

The large-cap tracker VN30-Index picked up 1.93 percent to stay at 1,196.24 points, or 95.86 percent higher than the figure recorded in the same time last year./. VNA

Time for a stock market overhaul

Time for a stock market overhaul

The overload technical issues of the Ho Chi Minh City Stock Exchange have been a subject of controversy over the past few weeks, with the blame being attributed to poor management and incompetence of an age-old technology. 

MORE NEWS

Experts discuss need for capital disbursement, loans to enterprises

More public investment funds should be disbursed and credit limits lifted to provide capital and improve capital flow, experts have said.

Vietnam welcomes 2.95 million foreign tourists over 11-month period

The country welcomed 2.95 million foreign visitors during the initial 11 months of the year, a figure 21.1 times higher compared to the same period from last year, but still down 81.9% compared with pre-pandemic levels in 2019.

Ministry to tighten control of joint training programs with foreign partners

About 25,000 students are studying in about 300 joint programs with foreign schools in Vietnam.

IPP Air Cargo approval procedure suspended at investor's request

The Transport Ministry has informed to the Prime Minister of a suspension of the approval procedure for the IPP Air Cargo JSC at the request of the carrier’s investor.

Borussia Dortmund touches down in Vietnam

Renowned midfielder Marco Reus and a delegation made up of 123 players and staff from leading German side Borussia Dortmund landed at Noi Bai International Airport on November 29.

National Assembly Chairman begins official visit to Australia

National Assembly Chairman Vuong Dinh Hue and the Vietnamese NA's delegation arrived in Canberra on November 29 evening (local time), starting an official visit to Australia from November 30 - December 3.

VIETNAM NEWS HEADLINES NOVEMBER 29

International Circus Festival to open in December

VIETNAM BUSINESS NEWS NOVEMBER 29

EVN's losses estimated at VND31.3 trillion in 2022

Co la, the food tray that demonstrates Muong ethnic culture in Hoa Binh

For Muong ethnic people, especially those living in Hoa Binh Province, cỗ lá (literally means a food tray displaying several dishes) is more than just a popular food.

Experts call for Hanoi to become a 'creative city'

Cultural industry development is a new issue, and Hanoi does not have much experience promoting its potential advantages.

Apple jumps to second highest seller of smartphones in Vietnam for first time

iPhone accounted for 20.5 percent of market share in Vietnam in October 2022, according to GfK.

Credit concerns affecting Vietnamese stocks should ease soon: VinaCapital

The demand for new housing units in Vietnam is still strong and prices are still affordable, and so the prices of real estate stocks are likely to recover if and when the Government takes action to ease credit conditions.

Fuel prices soar, EVN faces huge losses

Due to the global rise of coal, oil and gas prices, EVN’s electricity production costs and purchase costs have increased sharply. The group may incur losses of up to VND64.8 trillion in 2022.

Banks gain big profits from forex trading

Most banks reported strong profit growth from the foreign exchange business in the first three quarters of this year thanks to the sharp appreciation of the US dollar, Q3 2022 financial statements showed.

National Sports Games to take part in December

The 2022 National Sports Games (NSG) will be held in Quang Ninh Province from December 9-21.
back_to_top