The participation of banks in investing in the stock market

Facilities of Binh Son Refining and Petrochemical Company Limited (BSR) in the central province of Quang Ngai. BSR rose 2.8 per cent on Wednesday. Photo bsr.com.vn Vietnamese shares rose on Wednesday, propped up by a slew of banking and energy stocks. On the Ho Chi Minh Stock Exchange (HoSE), the VN-Index increased 1.27 per cent, to 1,218.10 points. The benchmark increased 1.46 per cent, to close Tuesday at 1,202.82 points. More than 588.4 million shares were traded on the southern bourse, equivalent to VND14.4 trillion (US$619 million). Market breadth was positive with 136 losers and 326 gainers. Banking stocks were darlings of the market with gainers including Military Bank (MBB), Techcombank (TCB), Bank for Investment and Development of Viet Nam (BID), VietinBank (CTG), Viet Nam International Commercial JS Bank (VIB), Saigon-Hanoi Commercial JS Bank (SHB), Tien Phong Bank (TPB) and Vietcombank (VCB). Energy stocks gained ground with gainers such as Viet Nam National … [Read more...] about Shares extend gains, bolstered by bank and energy sectors

Before today's trading session, investors received the news that the Vietnam Securities Depository (VSD) had recently consulted on a draft regulation on clearing and payment of securities transactions under the direction of adjusting the payment time for completing the T+2 settlement cycle of the State Securities Commission of Vietnam. One of the essential contents of this draft is the adjustment of the time for securities settlement and clearing banks to complete payment from 3.30 p.m. to 4 p.m. to from 11.30 a.m. to 12.30 p.m. on the trade date plus two days (T+2). With this new regulation, investors can trade right in the afternoon trading session of T+2. According to the draft, the money for securities transactions will be transferred to investors' accounts one day earlier than the old regulations. Therefore, investors can use the money to buy securities right in the afternoon trading session of T+2 instead of having to advance money as before. The new regulation on clearing … [Read more...] about Securities stocks strengthen after draft on T+2 settlement cycle

According to the Petroleum Securities Company, Vietnam’s stock market has been in a downtrend since June 15 when it fell more than 20 per cent from its all-time high and around 19 per cent since the start of 2022. The VN-Index has also continuously broken important support levels, notably the highly-expected support test area of 1,200 points. This left investors unable to understand the cause, with some in a state of panic when the stock reached the lowest point last week and plummeted steeply again this week. At a talk show named “Taking action in the eye of the storm” held by VIR on June 23, Ngo The Hien, analyst director of Hanoi Securities Company explained the sharp decline was based on three factors. “The market is impacted by negative signs, particularly news that US inflation is reaching peaks, which prompted the Federal Reserve to increase interest rates by 0.75 percentage points, thus producing market volatility in the global and domestic market,” Hien said. “Secondly, … [Read more...] about Spooked investors keep tabs on market turbulence

Workers processing fish at a Vĩnh Hoàn Corp.'s factory. VHC was the leading stock in the seafood sector backing the market pick-up yesterday. Photo kinhtechungkhoan.vn HÀ NỘI — The market closed largely unchanged on Wednesday as bullish and bearish sentiments entered a tug-of-war. On the Hồ Chí Minh Stock Exchange (HoSE), the VN-Index started off the afternoon with a double-bottom pattern but broke above the neckline at around 2pm to begin an upward trend. The buying and selling forces cancelled each other out, leaving the index more or less stable at 1,218.09 points, down 0.01 points compared to the previous session. The market’s breadth stood visibly negative as 190 stocks declined while 156 advanced. Notably, eight stocks reached ceiling prices and only one hit floor prices. The market’s liquidity was relatively low with 519 million shares traded on the southern bourse, equivalent to just over VNĐ10.4 trillion (US$448 million). The 30 biggest stock tracker VN30-Index … [Read more...] about Market caught in tug-of-war closes unchanged

Jesse Choi, CEO of Sunwah Innovations and director of Sunwah Vietnam talked about Vietnam's market entry opportunities and strategy The webinar received around 100 participants including experts and representatives of corporates, startups, universities, incubators and accelerators, venture capital firms, and business associations from Vietnam and neighbouring countries and territories including Cambodia, Singapore, Japan, South Korea, China, and Hong Kong. Vietnam has seen significant improvements in developing a dynamic and open business environment. In the post-pandemic period, the country stands firm as one of the most attractive destinations in the Southeast Asian region for foreign investors and businesses including venture capital firms and startups. Realising an increasing need from overseas startups and supporting organisations to explore and gain footholds in the market, Sunwah Innovations organised the Vietnam Market Entry Opportunities and Strategy webinar. It was … [Read more...] about International webinar on Vietnam’s Market Entry Opportunities and Strategy

Ring road plan to transform market - Illustrative photo (Source: VNA) The government has asked the National Assembly (NA) to consider and decide on the policy for investing in the ring roads to be located in the country’s two biggest cities. Tran The Anh, sales director of Thang Loi Group, said that the land fund in inner cities is increasingly exhausted and prices are high, with investors turning to suburban real estate. “There is a thirst for houses for those living and working in Ho Chi Minh City in particular,” The Anh said. “The shifting trend of investors and individual financiers is also creating a new vitality for the real estate market in the suburbs.” One of the issues discussed by NA delegates and experts is how to exploit the land fund around the two ring roads, which will soar in value. Already in many places, the price of land in the area has increased dozens of times over. “Because the two routes will open up a vast land fund, the management of auctions of … [Read more...] about Ring road plan to transform market

Sabeco's beer production line. The beverage producer is not on the divestment list of SCIC this year. — Photo courtesy of Sabeco In 2022, State Capital Investment Corporation (SCIC) is expected to divest from 101 member companies. In the list of divestments this year, large enterprises such as Tien Phong JSC, Bao Viet Group, Sabeco, Vinatex and FPT Corporation, are not mentioned. However, it does include many notable companies, including Hai Phong Thermal Power JSC, Binh Minh Plastic JSC, Vinaplast Corporation, Seaprodex, EVN TPC Quang Ninh, Viettronics Corporation, CoTraco Quang Ninh, Vinacontrol, FICO, Thang Long JSC, VIWASEEN, and Licogi. Recently, SCIC divested from Vinh Long Real Estate JSC, Saigon Machinery Spare Parts JSC, Thang Long JSC, and Ben Tre Construction Material JSC. Of which, the auction of Thang Long JSC’s shares could not take place due to a lack of investors. Promoting auctions of companies SCIC will auction a lot with a volume of more than 2 million … [Read more...] about SCIC has no plans to divest from large enterprises this year

From May 24 to June 30, the Vietnam Private Sector Competitiveness Enhancement Project (USAID IPSC), has organised a 5-week training course called “E-commerce – a must in Industry 4.0”, as part of its cross-cutting market expansion support package for Vietnamese businesses. At the end of the course, participants attended the event “Connecting business with domestic and international e-commerce platforms” to learn from successful, real-world experiences from e-commerce platforms including Amazon Global Selling and Shopee. According to Nguyen Thi To Uyen, head of the building business management capacity at USAID IPSC, the project is funded by the United States Agency for International Development (USAID), with the support of the Ministry of Planning and Investment as the government partner. The expert also showed participants how to use analysis tools from Amazon as well as other platforms for conducting market research and store management. Lasting for five years, the … [Read more...] about USAID IPSC Project connects Vietnamese enterprises with e-commerce giants

A historic agreement The European Union (EU) and the Association of Southeast Asian Nations (ASEAN) started negotiations for a region-to-region free trade agreement in 2007. After negotiations were suspended in 2009, the EU decided to pursue bilateral trade agreements with the individual ASEAN member states. Negotiations between the EU and Vietnam on a free trade agreement were launched in 2010. Following the completion of technical discussions, talks were finalized in December 2015. In February 2016, the full text of the EVFTA was published. However, the official signing of the trade deal was delayed due to the pending judgment of the Court of Justice of the European Union (CJEU) on jurisdiction for the conclusion of the EU-Singapore Free Trade Agreement. To take the 2017 CJEU opinion into account, the original deal was split into the EVFTA and the EU-Vietnam Investment Protection Agreement (EVIPA) in June 2018. Both agreements were signed on June 30, 2019 in Hanoi. The European … [Read more...] about EU trade deal offers opportunities to increase exports

According to the latest report by HSBC, total FDI to ASEAN-6 (Singapore, Malaysia, Indonesia, Thailand, Vietnam, and the Philippines) has averaged nearly $127 billion per year since 2010, approximately three times more than the average over the previous decade – the average for 2000-09 was $41 billion. Similarly, net FDI – inbound minus outbound direct investment – has averaged nearly $54 billion a year since 2010, almost four times the average from the previous decade. Thinking of FDI-driven economic success stories, Vietnam naturally stands out. The country has turned itself into a rising star in global supply chains, gaining a substantial global market share in many sectors including textiles, footwear, and consumer electronics. Since Vietnam’s Doi Moi reforms in 1986, industrial parks have been set up across the country, attracting investors with preferential tax incentives and an abundance of relatively cheap and productive labour. New FDI has been flowing into the country … [Read more...] about Vietnam continues to be one of the top FDI receivers in ASEAN