By July, there will be another new investment product – Government bond futures contract. The release of these new investment products is expected to not only help investors to have more investment options but also provide them with a tool to prevent interest rate risk. At the same time, SSC will collaborate with the two stock exchanges to increase supervision, inspection and punishment for violations, especially for market manipulation in order to make the Vietnamese stock market become more transparent. According to Mr. Son, the country’s stock market still maintained good growth in the first half of this year compared to the end of last year. The stock market has mobilized VND147.2 trillion, up 26 percent over the same period last year. The VN-Index has gained by more than 6 percent whereas the HNX-Index has lost 0.6 percent. Market capitalization was at around VND4.31 quadrillion, up 8.8 percent compared to the end of last year, equal to 77.9 percent of gross domestic … [Read more...] about Covered warrant to be traded on stock market as of June 28
What caused the stock market crash of 1929
By Minh Son  February 26, 2019 | 02:05 pm GMT+7 Foreign investors were net buyers of Vietnamese stocks, especially blue-chips. Photo by Shutterstock. At over VND3 trillion ($129.21 million), foreign buying in the stock market as of February 25 has been three times the January figure. Foreign investment since the beginning of the year has been worth over VND4.3 trillion ($185.16 million). They have been focusing on blue chips like Hoa Phat (HPG), one of Vietnam’s leading steel producers. The company, ignored for the last several months, returned to the portfolio of foreign investors and saw millions of shares traded every day in February. In the 11 sessions after the market reopened February 11 after the nine-day Lunar New Year (Tet) holiday from Feb 2-10, foreigners bought 20 million shares for more than VND600 billion ($25.8 million). A month earlier they had been net sellers of over 10 million shares. Other blue chips like … [Read more...] about Foreign investors return to surging Vietnamese stock markets
VietNamNet Bridge - With the predicted recovery of car imports, the Vietnamese automobile market in 2019 is expected to heat up. The market experienced two periods in 2018: it was gloomy in the first half of the year because of strict regulations in Decree 116, and brighter in the second half, when problems could be fixed. The bustling market is expected to continue in 2019. Vietnam imported 11,000 cars in September, 12,400 in October and 12,300 in November. The the total number of cars imported in the three months reached 35,700, higher than the total number of cars imported in the eight months before. The sales of domestically assembled cars also depended on policies. Domestic automobile joint ventures saw their sales soar in the first half of 2018 because of the absence of imports. Meanwhile, in the second half of the year, once more imports arrived, the sales gap between domestically made and imported cars narrowed. RELATED NEWS The highlights of the automobile … [Read more...] about What will the automobile market be like in 2019?
The benchmark VN-Index stood at 913.98 points at the end of the Tuesday morning’s trading session, a drop of almost 300 points – 25 percent – off the peak it had set in April. Given the peaks it reached in the first quarter and the plunge from there in the second, experts are going back on gung-ho predictions they’d made earlier. Bloomberg said last week that the VN-Index has now erased all of its 2018 gains and seen volatility surge to levels not witnessed in more than eight years. Among the reasons being listed for investors withdrawing from the market are global economic fluctuations, trade wars, foreign investment outflows and profit-seeking selling of blue-chip stocks. The Bloomberg report said that investor sentiment had reversed with the U.S. Federal Reserve increasing its basic interest rate, sending the dollar up and the Vietnamese dong down. Foreigners began to leave the Vietnamese market soon after, and outflows only worsened with … [Read more...] about Vietnamese stock market could miss year-end mark
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?