PYN Elite, Finland’s best-performing investment fund, is shifting its investment from Thailand to Vietnam by investing US$40 million in 51 local firms listed on the stock market.
According to Bloomberg News, the fund has sold about EUR100 million worth of Thai stocks during the past five months.
Petri Deryung, PYN Elite’s manager, said his fund’s investment in Vietnam accounts for 29 percent of its total investment and the figure is expected to keep rising in the future.
Finance & Banking Last updated: Friday, January 25, 2013 Vietnam Stock Market Will Develop Stably Posted: Wednesday, January 23, 2013 At the conference on stock market development tasks in 2013 hosted by the State Securities Commission of Vietnam (SSC), economic specialists discussed and assessed the stock market performance in 2012, and put forth solutions to remove difficulties to bring the stock market to a new level of development. Many ideas and plans were revealed in this conference. The Vietnam Business Forum has an interview with Mr Vu Bang, SSC Chairman on this issue. Si Son reports. In 2012, violations soar…... [read more]
After five years of operation, Vietnam's first stock exchange - the Ho Chi Minh Securities Trading Centre (HSTC) - now has 30 listed companies with a combined listed value of VND4,400 billion (US$275 million), equalling 0.6 per cent of the Gross Domestic Product (GDP). It is a trading floor for VND29,000 billion (US$1.81 billion) worth of government bonds and VND300 billion (US$18.75 million) worth of investment fund certificates. Currently, the stock market has 24,000 accounts, an 8-fold increase in comparison with the first year of operation, including 246 investment organisations and 251 foreign investors. Furthermore, the Hanoi Securities Trading Centre…... [read more]
US$ 2.7 billion has been invested in Vietnam stock market by Korean investors, according to Vietnam News Agency on July 15, quoting Korean Finance Ministry figures. At present, Korea is the biggest investor in Vietnam with total investment of US$ 15.3 billion since 1988. In 2007 alone, Korean investors poured US$ 4.58 billion (US$ 2.7 billion in 2006) into Vietnam. Korea remained the leader for the second consecutive year. There are 70 Korean companies engaged in infrastructure investment with US$ 1.45 billion. According to Korean Commerce and Trade Promotion Agency, Vietnam is attractive thanks to its low labour cost, improved…... [read more]
Derivatives: Important Milestone for Vietnam Stock Market The plan for opening the derivatives market will be drafted by the State Securities Committee of Vietnam (SSC) at the end of March and will be then submitted to the Ministry of Finance for further submission to the Government for consideration and approval, said Dr Nguyen Son, Chairman of the Vietnam Securities Depository (VSD). The derivatives market is expected to be launched in May. All preparations for the launch such as legal framework, technology, products and training are urgently completed. At a recent meeting on the derivatives market hosted by the Hanoi Stock…... [read more]
Short-term Prospects of Vietnam Stock Market By the end of October when most companies released third-quarter earnings reports, the Vietnamese stock market did not experience an impressive rally as expected by many investors. Worse, the market liquidity even dropped sharply. Nevertheless, the market is expected to see a substantial uptrend from now till the end of the year. Listed companies started to release third-quarter financial statements by mid-October. From the market trend by the end of September (VN-Index was on the uptrend), most analysts believed that the market would stage a strong rally in October when corporate earnings were reported…... [read more]
Vietnam Stock Market Climbs to Nine-year High The Vietnamese stock market has actively rallied in the first months of 2017, driven by returned foreign net buying after a long period of net selling. The VN-Index, the gauge of the Vietnamese stock market, jumped to a new high. The stock market saw a strong comeback in 2017 when the VN-Index closed at 707.83 points February 17. This was considered a great stride to a nine-year high since the outbreak of the global economic recession in 2008. So, after two months of net selling which caused a sharp decline of local stocks…... [read more]
Up to ten 10 small and medium banks will list their shares on local bourse this year, including Western Bank, Navibank, Orient bank, DaiA Bank, LienViet Bank, Maritime Bank and EastAsia Bank with a combined shares of between 2 billion and 3 billion. Besides banks, many other companies from different sectors are waiting to be listed on the official bourses this year, analysts with the financial website stox.vn said. The Hanoi Stock Exchange said that 36 other companies are queuing to float their shares on the bourse, of which some have huge registered capital. While the Hochiminh Stock Exchange said…... [read more]
Up to 63 per cent of securities investors have losses in Vietnam stock market and the rest 37 per cent have broken even or made gains from the market, a latest survey released by the marketing and research firm TNS Vietnam said. The survey showed a mere 7 per cent of the winners have earned 50 per cent-100 per cent of their investment amounts and the remaining investors have received less. This is also one of the reasons why only 15 per cent of all stock investors are happy with their returns as shown in the survey. Vietnam did not…... [read more]
Japan finance firms interested in Vietnam stock market Hong Phuc By Hong Phuc - The Saigon Times Daily HCMC – Japanese finance firms have expressed interest in exploring investment opportunities in Vietnam, the Ministry of Finance said after holding a conference in Tokyo last Friday. The ministry said in a statement issued last Saturday that the goal of the conference was to call for more Japanese investment in the domestic stock market. Pham Viet Muon, vice chairman of the Government Office, told the Japanese firms present at the conference that the Government was welcoming foreign investors and wanted them to…... [read more]
The Hanoitimes - The Vietnam stock market skyrocketed in 2013 with a growth rate of over 20%, while other countries in Southeast Asia chiefly saw a decrease or modest rise of 3-10%. Vn-Index secured the top place in Southeast Asia Stock Index Ratings, followed by EMAS-Index of Malaysia (up 11.44%). Some regional countries that saw a fall in stock indexes included Thailand, the Philippines, Indonesia and Cambodia. Southeast Asia Stock Indexes (%): Country Stock index Growth Vietnam Vn-Index 20,62 Thailand SET-Index -7,73 The Philippines PSEi-Index 0,49 Indonesia Jakarta-Composite-Index -1,74 Malaysia EMAS-Index 13,15 Singapore Strait-Times-Index -1,07 Laos LSX-Composite-Index 2,49 Cambodia CSX-Index…... [read more]