Ho chi minh stock exchange

Ticker VCA of steel producer VICASA – VNSteel, based in the southern province of Dong Nai, will be listed on March 10 with 15.18 million shares at VND13,100 ($0.57) each. Textile company Tien Son Thanh Hoa (AAT) will be listed on March 24 with nearly 35 million shares at VND10,600 each. On the same day, 1.2 billion SSB shares of SeaBank will be listed at VND16,800 each. With the new listing, the main bourse will see its total market cap increase by VND20.8 trillion ($902.76 million). The listings are expected to create more pressure on HoSE’s 20-year-old system which has suffered frequent overloads due to a surge in the number of investors. A number of tickers on HoSE are set to be temporarily moved to the Hanoi Stock Exchange (HNX) while the former works to upgrade its system, which could take until the end of the year. HoSE has also proposed that the minimum trading lot be increased from 100 to 1,000 to reduce the number of transactions. Since the beginning of the year HoSE has listed 10 new stocks, accounting for a third of the total last year. …

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Shares fell on Thursday morning as selling pressure weighed on the market. However, fertiliser stocks still recorded outstanding performance. On the Ho Chi Minh Stock Exchange (HoSE), the benchmark VN-Index decreased by 26.52 points, equivalent to 2.23 per cent, to 1,160.43 points. The plunge was due to selling pressure across all sectors. The index has kept falling in the morning and bouncing back later in recent sessions. The market breadth was negative with 378 stocks falling, while 80 stocks climbed. The large-cap tracker VN30-Index also dropped sharply in the morning session. The index slid 2.51 per cent, equivalent to over 30 points, to 1,165.59 points. Of the VN30 basket, 29 stocks declined while only one stock rose. The only stock witnessing growth was Vingroup JSC (VIC), up 0.28 per cent. Despite the downward trend of the market, fertiliser stocks still performed well. The Southern Fertilizer JSC (SFG) hit the maximum daily gain of 7 per cent. Other stocks such as Lam Thao Fertilizers And Chemicals JSC (LAS), Duc Giang Chemicals Group JSC (DGC) and Petro Viet Nam Ca Mau Fertilizer JSC (DCM) also posted good results. The HNX-Index on the Ha Noi Stock Exchange (HNX) dropped 0.48 per cent to 252.87 points. The HNX30-Index fell 2.49 per cent to 366.24 points. VNS …

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Imports-exports contribute $2.37 billion to State budget in Jan-Feb State budget collection from import-export activities reached 54.76 trillion VND (2.37 billion USD) in the first two months, or 17.38 percent of the estimate and a year-on-year rise of 7.53 percent, according to the General Department of Vietnam Customs. In February alone, the collection was 23.66 trillion VND. As Tet (Lunar New Year) holidays fell in the month, the customs department worked together with relevant agencies to combat smuggling and trade frauds while increasing inspections. The customs force detected 967 cases in total from January 16 to February 15, seizing goods of 258.67 billion VND and contributing 8.6 billion VND to the State budget. State budget collection was estimated at 220.5 trillion VND in total in the first two months of 2021, equivalent to 16.4 percent of the year’s estimate./. Risky to invest in forex trading plaforms: Deputy Governor Forex trading via investment platforms had not been licensed in Viet Nam, posing significant risks to investors, Deputy Governor of the State Bank of Viet Nam Dao Minh Tu warned. Tu said at the Government’s meeting on Tuesday in Ha Noi that the operation of forex trading platforms was currently illegal, adding that the trading of foreign currencies and derivatives must be provided by credit institutions and commercial banks licensed by the State Bank of Viet Nam. Until now, no forex trading platforms had been licensed for trading, he stressed, warning about risks when investing via these platforms. Recently, some organisations like Lion Group called for investments in forex through Fx Trading Markets with attractive interest rates of up to 300 per cent per year and commissions. Lion Group attracted around 40,000 investors nationwide. Tu urged people to be cautious with these appealing calls, adding that there were signs of in-transparencies and frauds. “The skyrocketing profits in the current situation …

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