Sài Gòn Jewelry Company Limited plans to equitise next year. — Photo zing.vnViet Nam News HÀ NỘI — Only 150 of nearly 750 State-owned enterprises (SOEs) have listed on the stock market, said Deputy Minister of Finance Vũ Thị Mai. Speaking at the monthly Government press conference in Hà Nội on Wednesday, Mai said the ministry had announced the names of 747 SOEs that had not yet registered transactions and listed on the stock market in August last year. "We will also coordinate with ministries, sectors and localities to accelerate the equitised enterprises in quickly listing on the stock market," said Mai. In a meeting to review SOE restructuring in the first half of 2018 and launch tasks for the second half of the year held in Hà Nội last week, Deputy Prime Minister Vương Đình Huệ said Hà Nội and HCM City were two localities with many businesses that had not been equitised. In … [Read more...] about SOEs urged to list on stock market
News on stock market
VietNamNet Bridge - If everything goes smoothly, the Vietnam stock market may be upgraded to an emerging market by 2020. Vietnam hopes its stock market would be upgraded to an emerging market by 2020 The Saigon Securities Incorporated (SSI) March financial and monetary report showed that the stock market scale has grown rapidly with value reaching $191 billion by the end of the first quarter of 2018, equal to 95 percent of 2016 GDP, an increase of 24.7 percent compared with the end of 2017. The scale is approximate to that of the UAE stock market ($245 billion), the Philippines ($270 billion), and higher than that of many emerging markets, including Qatar ($131 billion), Pakistan ($82 billion) and Egypt ($58 billion). The market liquidity has also increased to VND8.8 trillion per trading session, rising by 80 percent in comparison with the average level of 2017. The market liquidity has also increased to VND8.8 trillion per trading session, rising by 80 percent in … [Read more...] about Stock market expected to be upgraded to emerging by 2020
Vietnamese shares ended Monday on a negative note as investor confidence remained weak on global geo-political risks and incoming new regulations on margin lending rate. Investors on the HCM Stock Exchange (HOSE) in HCM City. - VNA/VNS Photo Hoang Hai The benchmark VN Index on the HCM Stock Exchange dropped 0.75 per cent to close at 1,148.49 points. It lost total 3.5 per cent last week. The HNX Index on the Ha Noi Stock Exchange finished at 133.31 points, nearly unchanged from last week’s end of 133.34 points. It fell total 3.4 per cent last week. More than 246.3 million shares were traded on the two local exchanges, worth VND8.8 trillion (US$390.4 million). The market trading condition was negative with 196 gaining stocks against 241 decliners while 124 other stocks were flat. Banks, insurance-finance companies, rubber producers, food and beverage firms, and building material providers were among the worst-performing sectors on the stock market. According to securities … [Read more...] about VN stocks fall on low market sentiment
VietNamNet Bridge - The Vietnamese stock market in 2017 saw stock prices escalating, but not all investors could make money. The stock market in 2017 saw stock prices escalating Tuan, a 27-year-old investor, spends most of his time watching electronic boards on securities and trading floors and calling brokers. He was surprised that the CMG share price had dropped so dramatically despite the upward trend of the market. The high GDP growth rate, the government’s actions, and foreign capital flow are the three factors behind the strong rise of the stock market in 2017. ‘Too strong’, ‘crazy’ and ‘incredible’ are the words investors use to describe the rise of the stock market in 2017. RELATED NEWS GDP growth must rely on internal strength: economists Three scenarios for Vietnam stock market in late 2017 Kim Chi … [Read more...] about What’s behind the strong performance of the stock market in 2017?
VietNamNet Bridge - The VN Index has been increasing sharply since the beginning of the year with capital flowing to finance and banking, real estate, and shares with a high capitalization value. The VN Index has been increasing since the beginning of the year Last June, Vietnam missed the opportunity to be added to MSCI’s (Morgan Stanley Capital International) list of emerging markets in its assessment period. Three market rating agencies, namely MSCI, FTSE Russell, S&P Dow Jones, give annual periodic assessments. The assessment is based on economic development level, political stability, market size and liquidity, market operation efficiency, market access of foreign investors and capital flow capability. With the sharp price increases in 2017 and the strong rise this year, coupled with lifting of the foreign ownership ceiling and state’s divestment from state-owned enterprises, Vietnam now can satisfy requirements in market scale and liquidity. … [Read more...] about Stock market thrives, expectations soar for “emerging market” status