(VEN) - Nguyen Vu Quang Trung, board member and deputy CEO of the Ho Chi Minh City Stock Exchange (HoSE) Executive Committee, talked about the Vietnamese stock market in an interview with Vietnam Economic News’ Minh Long. Ho Chi Minh City Stock Exchange Executive Committee board member and deputy CEO Nguyen Vu Quang Trung What were the Vietnamese stock market’s outstanding achievements in 2017? Last year was a boom year for the Vietnamese stock market in both size and market liquidity. The benchmark VN-Index on the HoSE gained 0.77 percent to end 2017 at a 10-year high of 984.24 points. This key stock index increased by 48.03 percent since the beginning of 2017. As a result, the benchmark VN-Index was among the top three stock indices with the best growth rates worldwide, along with Argentina and Mongolia’s markets. In addition, liquidity was improved sharply with average trading value of nearly VND 4.981 trillion per session, an increase of 63 … [Read more...] about 2018 More of the same stock market boom
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Japanese investors eye Vietnam stock market, SOE privatization
Japanese investors attend a conference in Tokyo about investing in the Vietnamese stock market and reforming state enterprises. PHOTO COURTESY OF VIETNAM’S FINANCE MINISTRY The Finance Ministry announced Saturday that many Japanese investors showed interest in the Vietnamese stock market and state-owned enterprises during a recent conference in Tokyo. “Many Japanese investors showed eagerness at the new investment opportunities in Vietnam and wish to know more about businesses and the economy here before they enter,” the statement said. The meeting was held Friday by Vietnam's State Securities Commission and several large Vietnamese companies. Nearly 100 Japanese investors from financial services company SBI (Strategic Business Innovator Group), the Sumitomo trading company, Mitsubishi, Mizuho financial group and financial services firm J.P. Morgan participated in bilateral discussions with Vietnamese agents on the stock market's foreign invesment policies and … [Read more...] about Japanese investors eye Vietnam stock market, SOE privatization
Vietnam ranks third among fastest-growing global stock markets
The VN-Index recorded the bestweekly gain in the past eight years from November 20 to 24, closing at analmost decade high of 935.57 points, over 5 percent higher than the previousweek. In the global arena, Vietnam’s benchmark index was the second bestperformer last week and ranked third since the start of 2017, with a growth ofnearly 41 percent, behind Mongolia(91 percent) and Argentina(60 percent), according to Bloomberg’s data. Driving the market was the investorexpectation that the market would maintain the upward trend through theyear-end with a target of 1,000 points. Investors increased money beingpoured into the market, with the trading value averaging VND 4.6 trillion roughly (USD 202 billion) per session last week, up 6.5 percent over theprevious week. Money began spreading to small- andmid-cap companies instead of focusing on several blue chips, which according tomany analysts will support the market in case a correction takes place. The local stock … [Read more...] about Vietnam ranks third among fastest-growing global stock markets
Blue chips carry stock market to 10-year high
It has been another historic week for Vietnam’s stock market: the benchmark VN-Index closed at 933 points last Thursday, setting a 10-year peak. The rally, which has lasted for a month, helped the VN-Index expand by 13 per cent since the start of November. However, it is clear that this upward trend does not extend to all stocks in the market – in fact, the historic surge this month was mostly thanks to large inflows to select blue chips.Vietnam Dairy Products JSC (VNM) rose by 23.49 per cent in November to reach VND184,200 ($8.10),Vingroup JSC (VIC) rose by 35 per cent to VND75,100 ($3.30), and FPT Corporation (FPT) settled at VND57,600 ($2.53) after a 16 per cent surge. All three of these stocks reached their one-year peak last week.Hoang Thach Lan, head of Retail Research at Viet Dragon Securities, noted that most of the rise in November was restricted to the market’s top 15 stocks, which take up almost half of the market’s entire capitalisation. One reason … [Read more...] about Blue chips carry stock market to 10-year high
VN ranks third among fastest-growing global stock markets
VN-Index was named among the top three fastest growing markets in the world (Photo: VNA)Hanoi (VNA) – Vietnam’s stock market has something to cheer about,as the VN-Index was named among the top three fastest growing markets in theworld.The VN-Index recorded the best weekly gain in the past eight years fromNovember 20 to 24, closing at an almost decade high of 935.57 points, over5 percent higher than the previous week.In the global arena, Vietnam’s benchmark index was the second best performerlast week and ranked third since the start of 2017, with a growth of nearly 41percent, behind Mongolia (91 percent) and Argentina (60 percent),according to Bloomberg’s data.Driving the market was the investor expectation that the market would maintainthe upward trend through the year-end with a target of 1,000 points.Investors increased money being poured into the market, with the trading valueaveraging 4.6 trillion VND (roughly 202 billion USD) per … [Read more...] about VN ranks third among fastest-growing global stock markets