Vietnamese stocks

Foreign capital is expected to continue to flow into the stock market as foreign investors' confidence remains strongly.(Photo: VNA) Hanoi - From being net sellers in the first nine months of 2022, foreign investors have become the driving force supporting the Vietnamese stock market in the last few months, and the inflows are expected to continue this year. In 2022, this group net disbursed more than 29.2 trillion VND (1.2 billion USD) to the market, while it has net sold nearly 18.8 trillion VND and set a record net selling value of over 62.2 trillion VND in 2021. In November alone, more than 16 trillion VND in net disbursed cash flow from foreign investors was significantly supported by exchange-traded fund (ETF) capital inflows into the market, primarily from the Fubon ETF and the VNDiamond Index-based ETF. A study by BIDV Securities Company (BSC) analysing over 50 billion USD owned by foreign investors on the Vietnamese stock market showed that more than half of foreign … [Read more...] about Foreign investors remain optimistic about Vietnamese stock market

Illustrative image (Photo: VNA) Hanoi (VNA) - The relatively low devaluation of the VND against the USD in comparison with that of other currencies in the region shows that the Vietnamese stock market remains an attractive destination for investment flows , as uncertainties persist in most of the global financial market, according to a weekly investment strategy report of the Vietcombank Securities Co., Ltd (VCBS). That the US Dollar Index continues to decrease slightly and the State Bank of Vietnam’s successful increase of foreign exchange reserves in the past week is considered a positive signal for the domestic market, it said. In the short term, the liquidity of the VND will continue to improve significantly, resulting in the possibility of interest rate reduction in the interbank market. At least 12 commercial banks, notably Vietcombank and Agribank, have announced to reduce lending interest rates to support businesses following a directive from the central … [Read more...] about Vietnam’s stock market still attractive to investors: report

Foreign capital is expected to continue to flow into the stock market as foreign investors' confidence remains strongly. — VNA/VNS Photo From being net sellers in the first nine months of 2022, foreign investors have become the driving force supporting the Vietnamese stock market in the last few months, and the inflows are expected to continue this year. In 2022, this group net disbursed more than VND29.2 trillion (US$1.2 billion) to the market, while it has net sold nearly VND18.8 trillion and set a record net selling value of over VND62.2 trillion in 2021. In November alone, more than VN16 trillion in net disbursed cash flow from foreign investors was significantly supported by exchange-traded fund (ETF) capital inflows into the market, primarily from the Fubon ETF and the VNDiamond Index-based ETF. A study by BIDV Securities Company (BSC) analysing over $50 billion owned by foreign investors on the Vietnamese stock market showed that more than half of foreign ownership is … [Read more...] about Foreign investors remain optimistic about VN stock market

The HCM Stock Exchange (HoSE) in HCM City. The market is expected to continue to be supported and gain points in the next trading sessions. — Photo hsx.com The market's uptrend will continue to be consolidated in the first trading session of the Year of Cat. Indices recorded a new high and closed above the resistance area of 1,100 points of VN-Index, equivalent to 1,120 points of the VN30-Index. Although cash flow has not improved much, supply pressure has not put great pressure on the market. The market is expected to continue to be supported and gain points in the next trading sessions. Therefore, investors can still expect the market's ability to expand the uptrend and exploit some short-term opportunities in stocks with positive accumulation background, said Viet Dragon Securities Co. The market continued to record new highs and surpassed the resistance zone of 1,100 points of the VN-Index in the last trading week. 2022 was an eventful year for the Vietnamese stock … [Read more...] about Positive prospects for Viet Nam stock market this year

The Ho Chi Minh City Stock Exchange (HOSE) hosted a gong-beating ceremony on January 31, marking the first trading session of the Vietnamese stock market in Spring 2023. In her opening speech, Vu Thi Chan Phuong, chairwoman of the State Securities Commission (SSC), emphasised that 2022 marked a challenging year for the Vietnamese economy due to a range of internal and external factors. However, the national economy was able to record a series of impressive results, with GDP growth rate increasing by 8.02% and inflation kept in check, she said. Moving into 2023, she said the global economic and political landscape is anticipated to record plenty of complicated and unpredictable developments, and in such a context the securities sector will continue to fine-tune the legal framework and formulate policies in line with the actual development of the stock market. Phuong underlined the necessity of accelerating restructuring and swiftly putting the stock trading system … [Read more...] about First Spring 2023 trading session of stock market opens

Investors at the trading floor of VNDirect Securities Co (VND). VND soared 6 per cent on Tuesday. — Photo courtesy of VNDirect Vietnamese equities closed sharply higher on Tuesday, bolstered by a dramatic injection of cash flow into banking and securities. The market’s benchmark VN-Index on the Ho Chi Minh Stock Exchange (HoSE) ended the day at 1,088.29 points, an increase of 2.03 per cent. The breadth of the market stayed in positive territory, with more stocks gaining points. Specifically, 352 stocks advanced on the southern bourse, while 69 stocks inched lower. Investors poured nearly VND11.7 trillion (US$499.3 million) into the southern exchange, equivalent to a trading volume of 673.9 million shares. The VN30-Index, which tracks the 30 biggest stocks on HoSE, also increased by 2.6 per cent, to 1,103.73 points. Twenty-nine stocks in the VN30 basket witnessed positive performance on the trading day, while only one tumbled. Strong cash flow poured into blue-chips, … [Read more...] about Shares make large gains on banking, securities stocks

The Vietnamese diaspora has spread across world, except maybe Antarctica. Over the past 50 years, Vietnamese people have left their motherland to plant new roots in Europe, the U.S., Canada, Australia, and New Zealand. Aside from western countries, thousands, maybe hundreds of thousands, of Vietnamese people live across Asian countries and territories such as Japan, South Korea, Taiwan, Singapore, Malaysia, Thailand, Cambodia, Laos, and the Philippines. Current estimates put the number of people in the Vietnamese diaspora at about four million. Not only do Vietnamese people live in these countries, but they have certainly made their mark. On a recent visit to Vietnam, former Israeli Prime Minister Ehud Barak said, “I know that Vietnamese people in Israel are good at cuisine and enduring in the military.” Au Co, considered the mother of Vietnamese civilization, when taking her fifty children to settle in the snow covered mountains of northern Vietnam, could never have … [Read more...] about Vietnamese embark on global living journies

Vo Tri Thanh Vo Tri Thanh* Despite the negative impact of the COVID-19 pandemic, Viet Nam has seen an economic growth trajectory different from the general picture of the world economy over the past years. In 2020, when the pandemic started causing devastating effects on a global scale, Viet Nam was among the few economies with positive growth (2.9 per cent) while major economies of the world witnessed a severe recession. In 2021, bucking the world’s strong recovery, the economy’s growth rate only reached 2.6 per cent. Viet Nam has emerged as a stronger, more resilient economy over the past years. It recovered strongly from the low "base" two years ago to shine a light in a world of challenges and uncertainties. The country’s gross domestic product grew at 8.02 per cent in 2022, the fastest pace over the past 25 years, backed by retail sales (reflecting final consumption), investment (especially FDI disbursement), and impressively increased exports. We, however, cannot … [Read more...] about Colours of Vietnamese economy in 2022 and 2023 outlook

The VN-Index, which tracks the performance of the Ho Chi Minh Stock Exchange (HoSE), closed above the resistance area of 1,100 points, equivalent to 1,120 points of the VN30-Index, in the last trading week. Although cash flow has not improved much, supply pressure has not put great pressure on the market. The market is expected to continue to be supported and gain points in the next trading sessions. Therefore, investors can still expect the market to expand the uptrend and exploit some short-term opportunities in stocks with positive accumulation background, said Viet Dragon Securities Co. 2022 was an eventful year for the Vietnamese stock market with many records set. After a prosperous 2021, the VN-Index continued to stay at its historic peak for the first three months of 2022. However, the market then declined, putting itself on the list of the worst performers in the world. As of December 27, the benchmark had dropped 34.2% to 1,004.57 points, from the 1,520-point peak … [Read more...] about Positive prospects for Vietnam’s stock market this year

Vietnamese workers work at Carry System joint stock company in Japan's Ibaraki prefecture. (Photo: VNA) Tokyo (VNA) – Vietnamese nationals account for 25.4% of the total 1.82 million foreign workers who were working in Japan as of the end of October last year, according to the Japanese Ministry of Health, Labour and Welfare (MHLW). The ministry’s data released on January 27 showed that a record 1,822,725 million foreign workers were working in Japan as of the end of October 2022, a rise of 5.5% from the same period of 2021. Of the total foreign worker population, there were 462,384 Vietnamese nationals, 385,848 Chinese nationals, and 206,050 Filipinos, which made them the top three biggest communities. Data also showed a new high of 298,790 workplaces employed foreign workers, an increase of 4.8%. Businesses with fewer than 30 workers, which make up more than 90% of firms in Japan, accounted for 61.4% of the employers with foreign workers. By residency status, holders of … [Read more...] about Vietnamese nationals account largest proportion of Japan’s foreign worker population