Vietnamese stock market

Investors at a stock trading floor in Hanoi. (Photo: vnreview.vn) Hanoi (VNS/VNA) - There are many securities products that are widely used in other countries but have not yet appeared on the Vietnamese stock market, said Phan Duc Hieu, deputy director of the Central Institute for Economic Management (CIEM). “This makes the Vietnamese stock market less attractive, affecting capital mobilisation of listed companies,” Hieu said at a seminar held in Hanoi on May 8, themed “Enhancing Vietnam's capital market accessibility”, co-organised by CIEM and the State Securities Commission (SSC). Participants at the seminar discussed solutions to offer new securities products to diversify the stock market and attract investors, helping businesses mobilise capital for production and development. According to SSC vice chairman Pham Hong Son, the securities sector has made great efforts to develop policies to attract foreign investment, raising the foreign ownership ratio in … [Read more...] about Stock market needs product impetus

  A Vietcombank office. The bank's stock were among the large-caps that fell on Monday. — Photo vietcombank.com.vn HÀ NỘI — Vietnamese shares slipped on Monday as investors continued seeking profits from previous gains made by large-caps. The benchmark VN-Index on the Hồ CHí Minh Stock Exchange dropped 0.70 per cent to close at 1,002.91points. Việt Nam’s benchmark index closed down 1.2 per cent last week. More than 184.3 million shares were traded on the southern bourse, worth VNĐ4.2 trillion (US$181.5 million). Declining stocks outnumbered gainers by 197 to 132, indicating relatively strong selling pressure. The stock market was under large-scale selling pressure and the VN-Index was pushed back near 1,000 points. The benchmark VN-Index lost in four of all five trading days last week after having approached the 1,025-point level on November 6. According to analysts, the 1,025-point zone would be a very … [Read more...] about Local stocks keep falling on profit earning

Experts said that a series of favorable conditions are encouraging local banks’ plans to sell shares to foreign investors for capital hike in a move to meet the Vietnamese central bank’s Basel II regulation. Considerable interest from foreign investors and favorable conditions are supporting many Vietnamese banks to promote their share sales and come closer to the completion of capital hike plans.  Military Bank expects to complete a sale of a 7.5% stake by the end of this month. According to industry insiders, after the deal between South Korea’s KEB Hana Bank and Hanoi-based Commercial Bank for Investment and Development of Vietnam (BIDV) recently, the market will see many other deals in the banking sector to be completed soon. Among them, the sale of a 7.5% stake, or 141.5 million new shares and 47 million treasury shares of Vietnam’s Military Commercial Joint Stock Bank (MBBank), is expected to be completed by the end of this month. Many … [Read more...] about Vietnamese banks come closer to big deals

CEO of SSI Securities Corporation Nguyen Duy Hung (Photo: Vietnam Finance) Hanoi (VNA) - Transparency and quality of information disclosure are the main concerns for market members, public companies and auditors to lure a larger amount of capital in 2019, business executives have said. Nguyen Duy Hung, CEO of SSI Securities Corporation, said that the securities market should be the most important fund-raising passage for local companies. However, still weighing on the confidence of both domestic and foreign investors in local firms were the transparency and quality of information disclosure, which had not been ensured, Hung told a recent meeting held by the State Securities Commission. “We need to build the securities market and turn it into a channel, helping local firms attract capital investment. But key issues are market transparency and confidence,” he said. According to Hung, the total amount of equity capital among local firms is still small with most … [Read more...] about Transparency needed for securities market in 2019

Illustrative image (Source: Internet) Hanoi (VNA) - Vietnamese enterprises invested nearly 184.7 million USD in overseas projects in the first five months of 2018, according to the General Statistics Office (GSO) under the Ministry of Planning and Investment. Some 144.7 million USD was pumped into 48 new projects, while the rest was earmarked for 14 existing ones. During the period, finance and banking drew the greatest interest from the Vietnamese investors, accounting for 57.3 percent of total investment capital, or 105.8 million USD. Major banks such as the Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV), the Vietnam Joint Stock Commercial Bank for Industry and Trade (Vietinbank), the Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank), the Military Bank (MB) and the Saigon-Hanoi Commercial Joint Stock Bank (SHB) are seeking to make inroads in new foreign markets. The finance and banking sector was followed by the manufacturing and processing, … [Read more...] about Vietnamese overseas investment exceeds 187 million USD