The VN-Index rebounded on Tuesday after four consecutive falling sessions, led by the banking, insurance and steel stocks.
The Ho Chi Minh City Stock Exchange (HOSE) has made a long progress in 21 years of operation and a breakthrough in the past two years.
The number of newly-opened securities accounts opened in the last 18 months is equal to the total number of the previous 20 years.
After struggling to find direction, the market hit a new record on the back of bank stocks in the last trading session. Analysts from securities firms said that this will be the driving force for the VN-Index to head toward 1,400 points.
The Hoang Anh Gia Lai Group (HAGL) of Chairman Doan Nguyen Duc has gradually withdrawn from the fields of business Duc has been dedicated to for a decade.
Capitalisation on the Ho Chi Minh Stock Exchange (HOSE) in May rose 7.07 percent month-on-month to more than 4.97 quadrillion VND (over 216 billion USD), equivalent to about 79.09 percent of the country’s GDP at the end of 2020.
The market witnessed strong buying interest last week and analysts from many securities firms expect indices to continue to hit new highs, but have warned investors to be cautious.
The PetroVietnam Power Corporation (PV Power) aims to earn VND28.4 trillion of revenue (US$1.2 billion) and pre-tax profit of nearly VND1.55 trillion this year.
The VN-Index has been in the top of the world's strongest stock indexes since the beginning of the year with an increase of more than 16%. Over the past year, the index has increased by nearly 50% despite the Covid-19 pandemic.
The flow of international capital has helped Vietnamese businesses grow quickly and build multi-sectoral businesses via big mergers and acquisition deals.
Billionaire Pham Nhat Vuong has launched a new system that is expected to help Vinhomes bring in about $1.5 billion in 2021.
Vietnam’s stock market recorded strong fluctuations last week, but the VN-Index still gained overall.
Billionaire Pham Nhat Vuong's company has recorded impressive business results despite the Covid-19 pandemic.