Investors observe market movements via computors. Authorities plan to soon allow investors to short-sell shares in local bourses to boost trading volume. — Photo vcci.com.vn HA NOI (Biz Hub) — In a bid to boost trading volume, authorities plan to soon allow investors to short-sell shares in Viet Nam's two stock markets, Nguyen Son, State Securities Commission's Director of Market Development Department said at a meeting with financial professionals yesterday. Short selling is when a broker lends shares to an investor at the current market price. If the price then falls, the investor can sell the shares back to the broker at a lower price, with the difference being the investor's profit. If the share price goes up and the investor sells the shares back to the broker, the investor loses money. The State Securities Commission (SSC) plans to submit to the Ministry of Finance within this month a draft circular, which aims to amend the Circular 74 issued in 2011 by the … [Read more...] about VN to allow short selling of stocks
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Firms required to have underwriting for share issues The fact that the State Securities Commission (SSC) is collecting opinions on amending Decree No.14/2007/ND-CP dated January 19, 2007 on implementing some regulations of the Law on Securities, the Vietnam Association of Financial Investors ( VAFI) has sent suggestions on the underwriting of share and fund certificate issues to public. Accordingly, the issue of shares to the public must be underwritten in any circumstances Hot growth in 2006-2007 period leads to ineffectiveness Vietnam’s stock market has been operating for eight years; however, it has been not good time for listed and unlisted enterprises to mobilise capital via share issuances until 2006 and 2007. The six remaining years were described as time for growth, recession, crisis and recovery, and there were little opportunities for enterprises to successfully issue shares to public during this period of time. Between 2006 and 2007, companies took advantage of … [Read more...] about Firms required to have underwriting for share issues
Brokerage companies are facing intense competition to win customers as they struggle to offer the type of low interest loans that are available at larger, more established brokers..— Photo ndhmoney HA NOI (Biz Hub)— Brokerage companies are facing intense competition to win customers as they struggle to offer the type of low interest loans that are available at larger, more established brokers. In this race, small brokers are always at a disadvantage. The prolonged downturn on the stock market hit many investors. Therefore, more and more investors are paying attention to trading costs such as brokerage fees and interest rates on borrowing. Current margin interest rates at securities companies have fallen substantially compared to five months ago. Viet Capital Securities offers the lowest margin interest rate at 14.76 per cent per year (0.041 per cent a day), lower than the previous rate of 17.28 per cent. The rate at Bao Viet Securities is 15 per cent per year (0.042 per … [Read more...] about Small brokers struggle to compete with big players
Small alley homes sell well in Hanoi Thuy Ngan By Thuy Ngan - The Saigon Times Daily A house in an alley in Kim Giang Street in Hanoi City’s Thanh Xuan District is offered at VND750 million. The market for small alley homes is still lucrative in the city - Photo: Thuy Ngan HANOI – While the real estate market in Hanoi City has yet to make clear improvements, transactions of small homes along alleys in the inner city remain strong, generating big profits to investors. Prices of alley houses in the capital have declined by 30% compared to the golden age of the property market. Therefore, a lot of customers who have a real demand for accommodation are considering buying the properties due to low prices and convenient locations. Some retail investors and brokers have paid attention to the segment given the high market demand. Nguyen Trong Bang, former director of a property exchange center, said that he has focused on the alley house segment. The condo segment has … [Read more...] about Small alley homes sell well in Hanoi
The launch of the new benchmark index on Monday feels like the start of a merger between the country's two main exchanges. The new combined VNX Allshare aims to restructure Vietnam's stock exchanges as it seeks to upgrade the country’s stocks status from “frontier" to “emerging”. With the mission of reflecting the price movements of all stocks on the market, the index is expected to prime the pump to get more offerings and trading going in Vietnam and draw mutual guidelines and regulations to match competition from other Southeast Asian bourses. By launching the index, the government intends to attract more overseas investors. In the first half of this year, foreign traders poured $722 million into Vietnamese stocks, three times higher than the same period in 2015. “The birth of the VNX Allshare is a milestone for Vietnam’s security market,” said Vu Bang, chairman of the State Securities Commission. The VNX Allshare, the country's third … [Read more...] about VNX Allshare: Is new index a boon for Vietnam’s stock market?