By July, there will be another new investment product – Government bond futures contract. The release of these new investment products is expected to not only help investors to have more investment options but also provide them with a tool to prevent interest rate risk. At the same time, SSC will collaborate with the two stock exchanges to increase supervision, inspection and punishment for violations, especially for market manipulation in order to make the Vietnamese stock market become more transparent. According to Mr. Son, the country’s stock market still maintained good growth in the first half of this year compared to the end of last year. The stock market has mobilized VND147.2 trillion, up 26 percent over the same period last year. The VN-Index has gained by more than 6 percent whereas the HNX-Index has lost 0.6 percent. Market capitalization was at around VND4.31 quadrillion, up 8.8 percent compared to the end of last year, equal to 77.9 percent of gross domestic … [Read more...] about Covered warrant to be traded on stock market as of June 28
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The Hanoitimes - The structure of the State Securities Commission (SSC) is in line with principles set out by the International Organization of Securities Commissions (IOSCO). Proposal to merge Hanoi and Ho Chi Minh City stock exchanges exposes shortcomings Scarce products in Vietnam’s stock market leave foreign investors with few options Vietnam’s stock market remains on track for sustainable development: Minister The State Securities Commission (SSC), the country’s stock market watchdog, remains under the management of the Ministry of Finance (MoF) as stipulated in the draft revised Securities Law, according to Minister of Finance Dinh Tien Dung. Minister of Finance Dinh Tien Dung. Dung made the statement while presenting the draft law at a hearing held by the National Assembly (NA) on June 6, adding the current mechanism is suitable for Vietnam’s situation and ensures consistency with international practices. Dung … [Read more...] about Vietnam’s stock market watchdog remains under state management
After a long holiday, Vietnam’s stock market has seen sharp declines in the first trading sessions of May. Of which, in the trading session on May 6, the VN-Index lost nearly 17 points, or nearly 2 percent. In this trading session, statistics showed that on the Ho Chi Minh City Stock Exchange (HOSE) alone, market capitalization suffered a loss of nearly VND70 trillion (US$3 billion). In the next two trading sessions, although the benchmark just slightly slid, experts said that the market would be unlikely to recover as there is no group of stocks able to lead the market during this sensitive period. According to Rong Viet Securities Company (VDSC), shareholders’ meetings have passed with several pessimistic signals. Most firms set their business plans lower than growth rate of 2017-2018. Low liquidity in recent months showed that investors seemed to neglect with the market at this moment. Tension on the trade war between the US and China remained the main risk of the … [Read more...] about Stock market in May: more challenges await
By Minh Son  February 26, 2019 | 02:05 pm GMT+7 Foreign investors were net buyers of Vietnamese stocks, especially blue-chips. Photo by Shutterstock. At over VND3 trillion ($129.21 million), foreign buying in the stock market as of February 25 has been three times the January figure. Foreign investment since the beginning of the year has been worth over VND4.3 trillion ($185.16 million). They have been focusing on blue chips like Hoa Phat (HPG), one of Vietnam’s leading steel producers. The company, ignored for the last several months, returned to the portfolio of foreign investors and saw millions of shares traded every day in February. In the 11 sessions after the market reopened February 11 after the nine-day Lunar New Year (Tet) holiday from Feb 2-10, foreigners bought 20 million shares for more than VND600 billion ($25.8 million). A month earlier they had been net sellers of over 10 million shares. Other blue chips like … [Read more...] about Foreign investors return to surging Vietnamese stock markets
VietNamNet Bridge - With the predicted recovery of car imports, the Vietnamese automobile market in 2019 is expected to heat up. The market experienced two periods in 2018: it was gloomy in the first half of the year because of strict regulations in Decree 116, and brighter in the second half, when problems could be fixed. The bustling market is expected to continue in 2019. Vietnam imported 11,000 cars in September, 12,400 in October and 12,300 in November. The the total number of cars imported in the three months reached 35,700, higher than the total number of cars imported in the eight months before. The sales of domestically assembled cars also depended on policies. Domestic automobile joint ventures saw their sales soar in the first half of 2018 because of the absence of imports. Meanwhile, in the second half of the year, once more imports arrived, the sales gap between domestically made and imported cars narrowed. RELATED NEWS The highlights of the automobile … [Read more...] about What will the automobile market be like in 2019?