Vietnamese shares tumbled to a 20-month low as investors shunned equities and sought safety in less risky assets, with VN-Index becoming Asia's strongest falling index yesterday.

Some businesses have created websites and trading applications, such as Passion Invest, Finhay, Tikop, Infina, Savenow and BUFF, to raise capital under unlicensed business cooperation contracts.

The benchmark VN-Index on Wednesday regained the 1,100-point landmark after falling to a two-year low, but low liquidity may threaten the market recovery in the next sessions.

Billionaire Tran Dinh Long’s assets have fallen by $1.6 billion this year, while billionaire Pham Nhat Vuong has lost $2 billion.

Retail stocks, in general, are expected to produce positive business results this year, especially in the third quarter.

The VN-Index officially lost the 1,110-point mark, retreating to the bottom made in February 2021 in the first trading session of October on October 3.

Analysts said that in the current environment, financial markets will be very likely to continue revaluing.

There are several famous entrepreneurs in Vietnam who are called “boss”, including Vo Quoc Thang, Tran Dinh Long, Doan Nguyen Duc and Nguyen Duc Thuy.

Despite good news about the economy, including high growth rate and low inflation, stock prices have been sliding all over the globe.

Although the US Federal Reserve (FED) raised the interest rate in the hope of reducing inflationary pressure, it has come as a shock to see a rise in the core US inflation data, despite falling oil prices.

By the end of this year, oil and gas, transportation, insurance, retail, and hydropower sectors will see positive signals, while the banking and real...

Many enterprises have either stopped mobilizing capital or changed their capital-raising plans on the stock market amid existing uncertainties and disadvantages.

The stock market boards have been covered with red amid investors’ rising caution. There are few buyers, while selling pressure still exists. Foreign investors’ behavior has affected the market.

Concerns are increasing in the stock market after the State Bank of Vietnam (SBV) raised regulating interest rates and withdrew VND56 trillion (over US$2.3 billion) last week.

Factors with a significant influence on both active and potential investors are macroeconomic fundamentals and confidence in the market.

The investigation agency determined that Do Thanh Nhan used stock accounts to buy and sell to increase liquidity and inflate BII and TGG share prices.

The arrest followed the expansion of the police’s ongoing investigation over the case of market manipulation and appropriation of assets by deceit at FLC Group and other affiliates.

The Hochiminh Stock Exchange has announced that the HVN shares of Vietnam Airlines would be delisted if the airline’s business results worsen this year.

To meet investors’ demand for odd-lot trading on the stock market, in recent years, the Ho Chi Minh Stock Exchange (HoSE) has coordinated with FPT Information System to upgrade and test the market with odd-lot trading functions.

Last month, the benchmark even witnessed an outstanding breakthrough with a gain of more than 74 per cent over the previous month.