Rapidly Growing Stock Market Growing 88 percent annually, Viet Nam’s stock market is currently thriving. The debuts of dozens of large companies, such as Vinamilk, Sacombank, and Vinh Son – Song Hinh earlier this year tripled the local stock market’s growth rate. So far the number of investors has been up to more than 60,000, double the total number counted at the end of last year and 20 times higher than the first year of the market’s inception. Those investors, together with surging prices early this year, have raised the total value of security transactions in the first six months up to more than US$2 billion, three times the growth to the same point last year. As well, the average matched price in each trading session is up to around US$5 million. Foreign-invested enterprises have gradually begun to put their trust in Viet Nam’s stock market. Particularly, more than 20 percent of the total year-on-year increase in value came from more than 1,000 foreign investors. So far, the total capitalized market value including bonds has made up more than 10 percents of gross domestic product (GDP), in line with projections of the 2010 local market development strategy 10. The total…
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