Small investors oppose expanding trading lot Ho Chi Minh City Stock Exchange (HOSE)’s proposal to raise the minimum trading lot to 1,000 shares is receiving mixed opinions from market experts and investors. The proposal was initiated by newly-appointed General Director of HOSE Le Hai Tra as a solution to reduce system overloads which have troubled traders recently. A 1,000 minimum trading lot will limit the participation of small investors, while the stock market is moving towards fairness and equality, said a budding investor. “My friends and I, when joining the stock market, only have a few tens to several hundreds of millions of dong, raising the minimum trading lot to 1,000 shares will directly affect our investment capacity,” said individual investor Diep. “With expensive stocks, we may have to spend hundreds of millions of dong to buy the minimum 1,000 shares,” she said. According to Diep, the stock market has never had such a chance for growth. New cash flow into the market pushed liquidity to a record high level. However, the new proposal may not only prevent new investors from entering the market but also discourage existing investors. “The plan to raise the minimum trading lot to 1,000 shares could quickly reduce the number of orders delivered daily on HOSE. However, it will cause frustration among small investors who are directly affected by the plan as they think they are not protected,” said Do Bao Ngoc, Deputy General Director of Kien Thiet Securities Vietnam (CSI). “This plan, if in place, will affect the rapid development of the stock market under the current favourable conditions, one of which is great interest from global investors,” he said. “Under the new plan, the most affected are the investors whose trading accounts have VND1 billion or less,” said Nguyen Hoang Hai, Vice Chairman of Viet Nam Association of Financial Investors (VAFI) According to VAFI statistics, investors whose trading accounts have VND500 million or less …
Warnings weather near me
Commitments to emission reduction – An inevitable trend
In particular, the UN stressed that a commitment to cutting emissions is no longer an option, but an inevitable trend globally. In his opening remarks at the virtual summit, UN Secretary-General António Guterres underscored the undeniable fact that the world is facing a dramatic emergency on climate, calling on countries to “declare a state of climate emergency” to promote effective actions towards containing global warming and preventing it from causing catastrophic consequences. The summit was held five years since the Paris Agreement on climate change was adopted by more than 190 countries, creating an important turning point for the world to build a greener, cleaner and more sustainable future. However, according to a UN report released ahead of the conference, most of the current commitments to emission reduction are not strong enough to effectively respond to the rising global heat. Signatories to the Paris climate accord have pledged actions to limit global temperature increase to well below 2 degrees Celsius compared to the pre-industrial level, towards limiting temperature rise below 1.5 degrees Celsius. However, the UN report pointed out that even if countries implement their commitments to cutting emissions, it is still unlikely to help reverse the global temperature rise trend at a “catastrophic” level of 3 degrees Celsius in the 21 st century. This situation will lead to a much more serious crisis than the current COVID-19 pandemic. The warning of danger from the UN is quite comprehensible. After five years of the implementation of the Paris Agreement, many commitments to reduce emissions have been made, but have proved to be not strong and effective enough. Carbon pollution remains serious, with global temperatures hitting record highs in November, making it the hottest month in history. The Earth’s temperature rises has seen the emergence of unprecedented and extreme weather patterns across all regions with an increasing frequency. 2020 has …
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Cautious optimism
In his latest assessment of the global economic outlook, OECD Chief Economist Laurence Boone said for the first time since the pandemic began, there is now hope for a brighter future, progress with vaccines and treatment have lifted expectations and uncertainty has receded. However, the OECD has cautioned that the recovery will be uneven across countries. Where vaccine are deployed in countries with effective test, track and isolate systems, economic performance will be relatively improved. Output in many other countries is projected to remain around 5% below pre-crisis expectations in 2022. So far, the global recovery has been supported by trillions of dollars pumped in by governments and central banks. The OECD has stressed that the money taps must be kept open, despite breakthroughs on the vaccine front. The recovery has been seen to be stronger and faster, because more and more activities have resumed. In Asia, manufacturing activities continued to recover steadily in November, with positive signs recorded in the Chinese economy. Manufacturing activities in China have accelerated the fastest in ten years, showing that the world's second-largest economy is slowly returning to pre-pandemic growth. Stable recovery of global demand also helped manufacturing activities in Japan move close to a stable level, while manufacturing in the Republic of Korea has also reached its fastest pace in nearly ten years. The world's number one economy has also witnessed a recovery, though still fragile. The US Federal Reserve (FED) affirmed that measures to support short-term funding of markets are helping increase the flow of credit in the US economy. Progress in the labour market and positive information on the development of vaccines against COVID-19 have helped create more impetus for economic recovery. The US Secretary of the Treasury assessed that the package of measures under the Coronavirus Aid, Relief, and Economic Security (CARES) Act worth US$2.2 trillion has helped …