Stock market

An overview of the Aqua City project developed by Novaland in the southern province of Dong Nai. Novaland is among companies w hose capitalisation is valued at billions of dollars on the market (Photo: novaland.com.vn) Hanoi (VNS/VNA) – Vietnam’s stock market reached approximately 87.68 percent of the country’s Gross Domestic Product (GDP) as of the end of 2020, the highest rate reported so far. The other two high rates recorded were in August 2018 at 84.57 percent and March 2018 at 83.08 percent. Including the government bond market and corporate bond market , the value of Vietnam’s entire stock market by the end of 2020 exceeded 110.64 percent of GDP, this is also the highest rate ever recorded. New cash flow continuously pouring into the market since the second half of 2020 has boosted liquidity. December 2020 and January 2021 were two months witnessing record matching value, of more than 250 trillion VND (10.8 billion USD) and more than 300 trillion VND on the Ho Chi Minh City Stock Exchange (HoSE), respectively. However, skyrocketing liquidity has far exceeded market forecasts, leading to frequent congestion in many sessions, causing a lot of trouble for investors and affecting the quality of the market. The sudden increase in liquidity is unpredictable, causing undesired interruptions in trading, according to HoSE. To tackle this issue, the State Securities Commission said it was speeding up the implementation of a new information technology system for the entire stock market, known as KRX. The Vietnamese stock market has experienced a year of spectacular recovery from the bottom caused by the COVID-19 crisis, a trend that is in parallel with most of the major stock markets in the world. Since the bottom at the end of March 2020, the VN-Index has increased by nearly 50 percent. So far, the Vietnamese stock market recorded 38 companies whose value reaches billions of dollars. Vingroup is valued at 15.95 billion USD in market …

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Largecap stocks recover, driving main index up The Saigon Times An employee of a securities firm monitors stock information on the computer screen. The VN-Index of the Hochiminh Stock Exchange managed to reverse course to end higher today, March 2 – PHOTO: VNA HCMC – The VN-Index of the Hochiminh Stock Exchange managed to reverse course to end slightly higher today, March 2, buoyed by a number of large-cap stocks that bounced back at the end of the session. Trading in the local market was busy in the morning but started slowing down in the afternoon as investors were concerned that a technical error would continue to clog trade when market turnover had remained high. Closing the session, with 227 advancers and 190 decliners, the benchmark index added 0.44 point, or 0.04% over the session earlier at 1,186.35. Turnover of the HCMC market dropped over 10% in volume and 5% in value at over 577 million shares and more than VND15 trillion, including around VND1.4 trillion worth of shares traded in block deals. Many largecaps in the VN30 basket not only maintained growth but also rose sharply at the close, such as steelmaker HPG, lenders TPB and HDB, retailer VRE. Of them, TPB was the most outstanding performer as it surged 6.3% with over 17.1 million shares changing hands. HPG inched up 1.1% and led the southern bourse by liquidity, with a matching volume of 23.67 million shares. Regarding the performance of stocks by sectors, bank stocks including STB, TPB, TCB, LPB, and HDB were the major cash magnets, followed by brokerages SSI and HCM, fertilizer producers DCM, BFC, and DPM. Meanwhile, real estate, construction and fuel stocks bucked the market trend and ended in negative territory. On the northern bourse, the increased profit-taking dampened the HNX-Index, sending it down 4.43 points, or 1.76% against Monday at 247.94, with 98 winners and 174 losers. Nearly 120 million shares worth over VND2 trillion were transacted on the Hanoi market, …

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What are the principles to build forest environment and CO2 indexes? Prof. Pham Van Dien, deputy director general of the Vietnam Administration of Forestry (VNFOREST) The forest environment index would be a measure of the capacity to decrease CO2 emissions while simultaneously increasing absorption. A key part of this is forest carbon stock, the amount of carbon that has been sequestered from the atmosphere and is stored within the forest ecosystem. Comparing the forest environment index with actual emissions will help set payments for reducing emissions and establish a market for international emissions trading for sellers, buyers, and intermediaries alike. Regarding the CO2 index, I believe there are two theoretical avenues that can be taken. The index can either concern the carbon emissions of each facility separately, with the upper limit being the emissions quota allotted for them, or look at the net emissions of the entire market and carbon credit created by the decreases in emissions and increased absorption capacity achieved by managing the ecosystem. At the same time, the two indicators need to be built with a mind to ensure economic growth while promoting forest protection, benefiting buyers, sellers, and farmers alike. How will these indices promote carbon trading? They will be the basic building bricks to developing the domestic carbon market, making it possible to exchange carbon credit within the bounds of domestic regulations and international commitments. Reduction targets are forecast to drive carbon credit supply below demand, making the market more animated. The forest environment and CO2 indexes will motivate provinces to better manage their forests, while manufactures with net emissions will be encouraged to upgrade technology and switch to renewable energy to stay within their allotted quotas and avoid charges. What can Vietnam learn from the experience of other countries in managing carbon emission? …

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