The Hanoitimes - The government’s strong push for privatization and divestment in 2019 would present new opportunities for Vietnam’s stock market. FED’s rate hike expected to leave adverse impact on Vietnam’s stock market Vietnam resolved to work for upgrade of stock market status: Gov't High growing corporate bond market is priority for Vietnam: Expert Vietnam projected to upgrade to secondary emerging market status in 2020: Brokerage Vietnam's stock market in 2018 remained an efficient capital mobilization and contributed significantly to the overall growth regardless of recent plunges in local shares, according to Tran Van Dung, chairman of the State Securities Commission (SSC), the country's stock market watchdog. Chairman of SSC Tran Van Dung. Major indicators such as the market scale, liquidity, capital mobilization rate for the private sector witnessed strong growth, Dung said in an interview with Vietnam News Agency. … [Read more...] about Vietnam stock market remains efficient capital mobilization channel despite recent plummets
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From the best to the worst: torrid Q2 for Vietnam stock market
Vietnam’s stock market plunged 18.19 percent in the second quarter this year, making it the worst-performing market in the world. The strong fall of the VN-Index, the benchmark stock index of Vietnam, marks the worst period for the market since the fourth quarter of 2008, when an economic crisis shook the entire world, including Vietnam. Following Vietnam for the worst stock performer rankings were Argentina, dropping 16.32 percent; Turkey, 16 percent and Brazil, 14.76 percent, according to real-time world market site IndexQ. Vietnam’s stock market had experienced its heydays since last year, when it hit a 10-year high and reached 984.24 points in the last trading session of 2017. It had not broken the 800-point barrier since 2008. Continuing its good run, the VN-Index grew 19.33 percent in the first three months of this year, becoming the best-performing market in the world. It passed the 1,200-point level on April 9 and has stayed at 900 something since then. “When … [Read more...] about From the best to the worst: torrid Q2 for Vietnam stock market
Vietnam stock market falls from 1,000 points again
By Minh Son  June 19, 2018 | 08:48 am GMT+7 An investor looks at a stock market screen at a securities company in Hanoi, Vietnam. Photo by Reuters Latest drop is attributed to supply exceeding demand. Vietnam’s stock market dropped 2.87 percent to more than 987 points on Monday, the second time this year that it has dropped below the 1,000-point level. The benchmark VN-Index on the Ho Chi Minh Stock Exchange (HOSE) fell from 1,000 points for the first time this year on May 23 and did not bounce back to that level until June 4. As supply surpassed demand, sellers were pushed to sell their stocks at all costs, leading to falling prices. The VN-Index hit 984.24 on the last trading day of 2017, the highest ever since 2007, before reaching 1,000 points early in January. Since then, it has stayed at more than 1,000 points until the drop on May 23. … [Read more...] about Vietnam stock market falls from 1,000 points again
Vietnam stock market turns bear, but foreign investors stay
VietNamNet Bridge - Foreign investors have been net sellers over a couple of weeks, but this does not mean they are leaving Vietnam, experts say. Vietnam was the best Asian market in 2017 and has had record high trading in the first months of 2018. However, foreign investors have been net sellers since April and through May which has sparked concern about the outflow of foreign capital. The dong/dollar exchange rate has been stable since the beginning of 2018. The exchange rate fluctuation is predicted to be around 0.5 percent this year compared with the end of 2017. The State Bank of Vietnam has been buying foreign currencies in an effort to stabilize the exchange rate and the liquidity, and to control inflation. RELATED NEWS Foreign investors continue to be net sellers in stock market Stock market expected to be upgraded to emerging by 2020 Kim Chi … [Read more...] about Vietnam stock market turns bear, but foreign investors stay
Vietnam stock market plunges nearly 4 pct to two-month low
Body Vietnam stocks plummeted nearly 4 percent on Monday, extending a market rout after a near 7 percent decline over the last two weeks, while most other stock markets in the region slipped as U.S. bond yields rose to a multi-year peak. The Vietnam index, the only double-digit percentage gainer in Southeast Asia this year as of Friday's close, marked broad-based losses, led by financials and energy stocks. Vietcombank and Petrovietnam Gas Joint Stock Corp each ended 6.9 percent lower. Most other Southeast Asian stock markets slipped, in line with broader Asia, as U.S. 10-Year treasury yields hit 2.968 percent, their highest since January 2014, a jump widely seen as a technical shift in the market following a large selloff of bonds. The Thai index shed 0.6 percent as energy and financial stocks fell. Oil and gas company PTT Pcl closed 2.7 percent lower while financial services provider, … [Read more...] about Vietnam stock market plunges nearly 4 pct to two-month low