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
Talking Shop (11-05-2006) Regulators bullish on stock market growth The Vietnamese stock market has been bearish in the last few days following a bullish rally last week, forcing the State Securities Commission (SSC) to instruct the Ha Noi and HCM City exchanges to carefully monitor trading activity to put the brakes on excessive volatility. While it suggested investors needed to remain prudent in their investment decisions, the commission commented that local stock markets were moving in the right direction. Several SSC representatives yesterday spoke with the Viet Nam News about recent market growth and strategies to ensure it continues. In your capacity as a member of a Government watchdog of the fledging stock market, how would you rate the stock market’s performance so far this year? Basically, the outlook has been on a bullish since the beginning of this year, with stocks posting gains on transaction floors. In the first four months, trade volumes at both the Ha Noi and HCM … [Read more...] about Regulators bullish on stock market growth
Is the stock market poised to sink ? (06-06-2007) by Bui Van Quang, senior consultant at SME Securities Despite the sell-off by some foreign investors last week, the VN-Index escaped relatively unscathed which showed how mature local investors have become by avoiding the herd mentality previously seen in similar situations. The market zigzagged as investors resisted the sell-off pressure. May also was a good month for the market compared to April; the VN-Index did well from April 25 to May 15, though it did not pass the 1,070 level as predicted by many analysts. Moreover, the unprecedented number of people who registered for the recent Bao Viet IPO has raised hopes that the market will pick up steam in June, which might mark the beginning of a bull run through the end of the year. Nevertheless, I do not share the optimism. In the short run, one to three months, I do not think the market will enter an uptrend, especially in June as many people hope. Contrarily, the market may experience … [Read more...] about Is the stock market poised to sink ?
By Thuy Trieu - The Saigon Times Daily HCMC - Although the stock market fell sharply on overseas impact on Friday, securities companies are still positive on the market's trend this week given the six-month high on liquidity on the same day. Investors traded 112.4 million securities worth VND3.84 trillion, rising 38.5% and 36% respectively from the previous session, meaning that many investors still accepted to buy shares. The market's average daily trade volume was 92.4 million shares worth VND3.3 trillion, increasing 41% and 30% respectively from the previous week. The major trend of speculation capital has been on penny stocks. Meanwhile, blue-chips, despite being attractive to investors for a short period, could not create a clear trend. Since capital streaming into blue-chips remained weak, the market did not have enough strength to break the threshold of 550 points for the third time. Vietnam International Securities Company reported that macro economic indicators were still … [Read more...] about Positive view kept on stock market this week
FOL news spurs stock marketKim Ngan By Kim Ngan - The Saigon Times Daily HCMC – The VN-Index closed up 1.78% at 614.53 points on August 10 as media reports said guidelines for implementation of Decree 60 allowing for a higher foreign ownership limit (FOL) at listed enterprises would be presented for comment at a conference this week. According to Viet Capital Securities Company, Vietnam Dairy Products Company (VNM) ended at the ceiling price of VND107,000 per share, buoyed by recent news that the State would divest capital from VNM. State Capital Investment Corporation (SCIC), which holds a 45% stake at VNM at the moment, would submit a schedule for capital withdrawal from the country’s leading dairy processor. The news prompted VNM buying in anticipation of a higher foreign ownership ratio in VNM in the future. VNM recorded trading volume of around one million shares on August 10. Other stocks that benefited from the FOL news on the HCMC market included FPT, … [Read more...] about FOL news spurs stock market