The Hanoitimes - The government intends to push forward with the privatization scheme of state-owned enterprises in 2019, offering more opportunities for investors in the stock market. Vietnam stock market remains efficient capital mobilization channel despite recent plummets FED’s rate hike expected to leave adverse impact on Vietnam’s stock market Hanoi and Ho Chi Minh City stock exchanges urged to merge in 2019 Vietnam projected to upgrade to secondary emerging market status in 2020: Brokerage Deputy Prime Minister Vuong Dinh Hue expected a positive outlook for Vietnam’s stock market in 2019 amid growing global uncertainties, Zing reported. Deputy Prime Minister Vuong Dinh Hue. Source: VGP. In 2018, Vietnam leapfrogged Singapore to be the most successful stock market in Southeast Asia in raising capital from initial public offerings (IPOs) and mergers & acquisitions (M&A) activities, Hue said. Hue attributed the … [Read more...] about Positive outlook seen for Vietnam’s stock market amid global uncertainties: Deputy PM
Stock market vietnam
Vietnam stock market remains efficient capital mobilization channel despite recent plummets
The Hanoitimes - The government’s strong push for privatization and divestment in 2019 would present new opportunities for Vietnam’s stock market. FED’s rate hike expected to leave adverse impact on Vietnam’s stock market Vietnam resolved to work for upgrade of stock market status: Gov't High growing corporate bond market is priority for Vietnam: Expert Vietnam projected to upgrade to secondary emerging market status in 2020: Brokerage Vietnam's stock market in 2018 remained an efficient capital mobilization and contributed significantly to the overall growth regardless of recent plunges in local shares, according to Tran Van Dung, chairman of the State Securities Commission (SSC), the country's stock market watchdog. Chairman of SSC Tran Van Dung. Major indicators such as the market scale, liquidity, capital mobilization rate for the private sector witnessed strong growth, Dung said in an interview with Vietnam News Agency. … [Read more...] about Vietnam stock market remains efficient capital mobilization channel despite recent plummets
Vietnamese stock market breaks 11-year record
Vietnam shares scaled a record high on Monday on the back of gains in financials and real estate stocks, while most other Southeast Asian markets started April on a sombre note. The benchmark Vietnam index rose as much as 1.1 percent to an all-time high of 1,187.55, and has risen more than 20 percent so far this year following a 48 percent gain last year. Real estate firm Vingroup JSC climbed as much as 1.8 percent to a new high and was the biggest contributor to the main index's gain. On March 22, Vietnam's stock market rose by 0.92 percent y to close at more than 1,180 points, the highest since the record of 1.179 points set in 2007. Philippine shares were little changed in choppy trade with financials being the top losers. The decline in the financials was due to the pricing of the rights issue of Bank of the Philippine Islands, said Eagle Equities President Joseph Roxas. Bank of the Philippine Islands priced its rights issue at 89.5 pesos per share, a 23.5 percent discount to … [Read more...] about Vietnamese stock market breaks 11-year record
Stock market thrives, expectations soar for “emerging market” status
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
Stock market capitalization equivalent to 79.3 percent GDP
Last year, the Vietnamese stock market capitalization was VND3,500 trillion (US$154 billion) increasing 80.5 percent over 2016 and accounting for 70.2 percent GDP in 2017. According to the Ministry of Finance, in February this year the VN-Index increased 13.9 percent over the end of 2017, exceeding 1,121 points. The market liquidity also strongly hiked. Since early this year to February, total transaction value averaged over VND19.5 trillion a session, up 38 percent over 2017. Of these, stake transaction value topped VND9 trillion a session, raising 79 percent compared to the average growth rate last year. After topping ten year high to reach 1,130 points on the previous session, the VN-Index continued increasing 4.78 points to 1,138.09 points on March 14 with 147 stocks gaining, 142 declining and 66 unchanged. Closing the morning session in Hanoi, the HNX-Index was up 0.77 point to 130.43 points with 90 stocks up, 83 down and 212 trading water. Total market transaction value neared … [Read more...] about Stock market capitalization equivalent to 79.3 percent GDP