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Pham Hong Son, vice chairman of SSC, delivered a speech at the event on Tuesday in Ha Noi. — Photo courtesy of JICA The capacity of the State Securities Commission (SSC) and three stock exchanges in market management and supervision has been enhanced as a result of a collaboration project with the Japan International Cooperation Agency (JICA), an SSC leader said on Tuesday. From April 2019 to March 2023, the technical cooperation project “Capacity Building on Improving Fairness and Transparency of Vietnamese Equity Market” aims at ensuring publicity and transparency, strengthening market surveillance and inspection, supervision of market intermediaries, listing and public offerings in line with international standards, and raising awareness on investor protection among listed companies. With the intention to cooperate with counterparts to develop the best practices for the stock market, the project conducted a detailed initial survey on the Vietnamese market, grasped issues and … [Read more...] about Vietnamese stock market’s publicity and transparency improved

At the event (Photo: VNA) Hanoi (VNA) - The State Securities Commission of Vietnam (SSC) and the Japan International Cooperation Agency (JICA) on March 21 co-organised a workshop to end a four-year project on capacity building for the improvement of the Vietnamese stock market ’s fairness and transparency. SSC Vice Chairman Pham Hong Son said the project has met an urgent need to improve the capacity of the commission and the Vietnam stock sector in the management, supervision and operation of the market. He noted that with the support and cooperation from JICA, the SSC has basically met the set targets, hence improving the fairness, transparency, and protection of investors against market fluctuations. The number of newly opened investor accounts doubled, while foreign investors net bought strongly in the year-end months, reflecting the growing attraction of Vietnam's stock market at home and abroad, said Son. The official said the outcomes have contributed to … [Read more...] about Workshop discusses fairness, transparency of Vietnam’s stock market

An employee talking to a client at a VPBank office in Ha Noi. The bank's shares jumped nearly 1.3 per cent on the last trading day of the week, helping cushion the loss of the market. — VNA/VNS Photo Benchmark indices were mixed on Friday with the VN-Index falling for a second day in a row, but both posted a weekly loss. On the Ho Chi Minh Stock Exchange (HoSE), the VN-Index declined by 2.26 points, or 0.22 per cent, to 1,045.14 points. It lost 14.79 points on Thursday after soaring more than 22 per cent on Wednesday. The breadth of the southern market was neutral, while liquidity improved over the previous session. Nearly VND10.3 trillion (US$436.2 million) was injected into the southern bourse, equivalent to a trading volume of more than 564.9 million shares. The benchmark pared losses as more large-cap stocks performed well. The VN30-Index rose 0.72 points, or 0.07 per cent, to close the week at 1,047.71 points. Sixteen of the 30 biggest stocks in market capitalisation on … [Read more...] about Market ends mixed on lingering risk-off mood

Customers at Vietcombank's branch. VCB led the stocks which pulled the VN-Index most on Monday. — VNS Photo Mai Huong Shares opened this week on a negative note on both major stock exchanges as pessimistic news from the financial market continued to affect investors’ psychology. On the Ho Chi Minh Stock Exchange, the VN-Index gave up more than 22 points, or 2.11 per cent, to close Monday’s trade at 1,023.10 points. The southern bourse’s index lost nearly 1 per cent last week. Meanwhile, the HNX-Index on the Ha Noi Stock Exchange decreased 1.39 per cent to end at 201.62 points after losing 1.6 per cent last week. The market breadth leaned heavily to the sellers with 612 losers and 176 gainers. Nineteen of the 25 stock industries tracked by vietstock.vn lost, of which 19 posted an average loss of more than 1 per cent. Only one sector – ancillary production – increased by 0.3 per cent on average. The biggest losers included agricultural production, securities, retail, … [Read more...] about Shares open new week on negative note amid uncertainty

A worker on a latex processing line at a factory of Vietnam Rubber Group (GVR). GVR shares rose 0.7 per cent yesterday. — Photo GVR Shares bounced back strongly in the afternoon session, driven by increasing demand at the support price levels. On the Ho Chi Minh Stock Exchange, the VN-Index rose 0.91 per cent to close Tuesday at 1,032.43 points. The index had lost 2.11 per cent on Monday. Market breadth was positive with 279 rising stocks and 109 losing ones. Nearly 474.9 million shares worth VND8.3 trillion (US$352 million) were traded on HCM City’s bourse. The VN-30 Index, tracking the 30 biggest stocks on HoSE, gained 1.03 per cent to close at 1,035.04 points. In the VN-30 basket, 19 stocks gained while seven lost ground. The biggest gainers included the Vietnam Rubber Group (GVR), Hoa Phat Group (HPG), SSI Securities Inc (SSI), PetroVietnam Gas JSC (GAS), PV Power (POW), Mobile World Group (MWG) and Vinhomes (VHM). As many as 21 out of 25 industries tracked by … [Read more...] about Shares recover on increased demand

The index closed 9.33 points higher after losing 22.04 points on Monday. Trading on the Ho Chi Minh Stock Exchange (HoSE) fell by 14.66% to VND8.32 trillion ($352.8 million). The VN-30 basket, comprising the 30 largest capped stocks, saw 19 tickers gain. VHM of property giant Vinhomes led with a 6.7% gain, followed by VPB of private lender VPBank, up 3.3%. POW of electricity producer Petrovietnam Power Corporation went up 2.7%f and SSI of leading brokerage SSI Securities Corporation increased by 2.6%. Seven blue chips fell. HDB of HDBank lost 2.2% and PLX of fuel distributor Petrolimex dropped 2%. Foreign investors were net buyers to the tune of VND113.93 billion, mainly buying VHM and HPG. The HNX-Index at the Hanoi Stock Exchange, where mid and small caps list, was up 0.74% while the UPCoM-Index at the Unlisted Public Companies Market was down by 0.46%. … [Read more...] about Stocks break 3-session losing chain

Vietnam’s property market is now in a state similar to that of 2013, when transactions plunged and major changes in policies were needed to ignite a "boom" in sales, said Nguyen Quoc Anh, deputy CEO of property listing platform Batdongsan. Back then the National Assembly approved changes in the land law and issued a VND30 trillion ($1.27 billion) credit package with interest rates of 5-6% annually to boost social housing sales. The decisions proved successful as transactions were resumed, he said. Similar policies are needed now, including providing new credit packages and maintaining a credit growth quota of 15-16% or even higher, Anh added. Some such policies are already being implemented. The State Bank of Vietnam (SBV) recently lowered its policy rates to increase liquidity and support economic growth, signaling that a "turnaround" may be seen in the property market in the second quarter next year. In 2013 credit growth jumped from 7% to 12%, which helped boost the … [Read more...] about Property market may heat up toward the end of 2024: insiders

A customer shops for mobile phones at a Mobile World store. For Mobile World (MWG), Q4 profit after tax dropped sharply by 60.4% year-on-year to 619 billion VND, a multi-year low. (Photo: thegioididong.com) Hanoi (VNS/VNA) - Retail stocks have dropped significantly due to the decline in business results in the context of the global economic recession and high interest rates. Mobile World (MWG) and Digiworld (DGW) are both hovering around the long-term bottom with a drop of more than 50% from the peak. Petrosetco (PET) has been almost flat since the beginning of February while Petrosetco Distribution JSC (PSD) is finding the bottom. This duo has dropped by 60-65% of the market price compared to their peak. The Phu Nhuan Jewelry Group (PNJ) and FPT Retail (FRT) have been struggling since the end of January. These two stocks have fallen by 16% and 38% respectively from the peak. The recent plunge in retail stocks partly came from the decline in business results. … [Read more...] about Retail stocks drop amid economic downturn and high interest rates

The sales of goods, especially agricultural products in the harvest season, were facilitated, along with the establishment of a linkage between supply and demand in the online environment, based on new platforms. — VNA/VNS Photo Measures have been taken to effectively exploit the domestic market with a population of nearly 100 million to fulfil the goal of an increase of 8-9 per cent in retail sales of goods and services, according to the Ministry of Industry and Trade (MoIT). Since the beginning of this year, the ministry has strived to enhance connectivity and ensured a balance between the supply and demand of essential goods, contributing to keeping inflation under 4.5 per cent. The sales of goods, especially agricultural products in the harvest season, were facilitated, along with the establishment of a linkage between supply and demand in the online environment, based on new platforms. The MoIT will continue to accelerate the amendment and completion of a number of legal … [Read more...] about Ministry carries out solutions to effectively exploit domestic market

This is therefore an opportune time for the hospitality and real estate industry to reflect on what has happened and discuss was to increase competitiveness in both regional and international markets. Entitled “Vietnam Hospitality and Real Estate - Time for a Level Up”, the Meet The Experts' conference will take place on March 30th in Ho Chi Minh City, with more than 40 of the industry’s leading experts discussing the latest trends and sharing industry insights. Some of the highlighted topics: Vietnam and regional market updates Megatrends and market changes - Unlocking opportunities Judging by numbers - Hotel profitability in ASEAN Real estate conversion in hospitality - Vietnam's potential Megatrends - Consumer experiences that create value Redefining luxury dining and F&B value in real estate Colour trends in interior architecture Lifestyle, boutique, and soft brand hotels - Vietnam's untapped opportunity Investment and development talks … [Read more...] about Hospitality and real estate experts to share their views