He pointed out challenges the domestic stock market faces in 2013 and asked securities officials and staff, investors and businesses to join hands with the government to surmount difficulties and move the market ahead. He expressed his hope that the stock market will grow and flourish in 2013, contributing to the government’s targets of stabilising the macroeconomy, containing inflation, maintaining social order, and achieving higher economic growth. In the first trading session of the new lunar year, the Hanoi Stock Exchange index (HNX-Index) increased 0.36 points to close at 66.57 points, and the Ho Chi Minh City Stock Exchange Index (VN-Index) inched up 2.67 points to close at 496.7 points. Despite local and global economic difficulties in 2012, Vietnam was among countries that had steady stock market growth in the world. Late last year, VN-Index, the figure that represents Vietnam’s stock market growth, stood at 413.73 points, up 17.7 percent against 2011. Total … [Read more...] about Deputy PM pins hopes on stock market growth
Stock market growth
Stock market growth requires regional co-operation (24-01-2008) A discussion panel on Viet Nam’s capital markets after one year of WTO membership held yesterday in Ha Noi. — VNS Photo Viet Thanh HA NOI — Because the nation’s stock market is so young, infrastructure and legal frameworks have not yet met all standards of global markets, said Nguyen Ngoc Canh, director of the International Co-operation Department of the State Securities Commission. Making the remark at a panel discussion held yesterday in Ha Noi on Viet Nam’s capital markets after one year of WTO membership, Canh said lagging development of the market would cause the difficulties in global integration. "It could cause unstability in the development of the market and difficulty for accession into global markets," concurred Ayumi Konishi, country director of the Asian Development Bank. Canh noted that the nation’s stock markets would need to be improved based on perspectives of … [Read more...] about Stock market growth requires regional co-operation
HA NOI (Biz Hub) — The stock market of Viet Nam will be the most profitable investment channel this year, with a growth rate of 15 per cent, according to Vietcombank Securities (VCBS). With macro-economic stability, the stock market would be a more attractive investment channel compared to other channels, such as gold, real estate and bank savings, VCBS director Vu Quang Dong told Dau Tu Chung Khoan (Securities Investment). VCBS expects the economy to grow at a faster rate than 2013 and the GDP to rise to 5.6-5.7 per cent, while the inflation rate will be about 5.5-5.6 per cent as the government and the State Bank of Viet Nam have been consistent with their policies to stabilise the economy and curb inflation. In addition, VCBS forecast that the interest rate will be kept stable at 7-8.5 per cent for the mobilising rate and 7-10.5 per cent for the lending rate in the short term and 11-13 per cent in the long term. Stocks of export companies in sectors that include garments and … [Read more...] about VCBS expects 15% stock market growth
Stock Market Outlook 2008: Brighter Prospects? The Vietnamese stock market ended 2007 after many shifts. Overheated growth did not happen in 2007 as in 2006. Although the market had significant development, the movement in the second half of 2007 caused experts and investors to review their assessments. A changing year ends From the first trading day of 2007 (January 2) to date, the stock market experienced sine-shape movements. From January to March 2007, the VN-Index peaked at 1,170.67 points (March 12) after a steady rise. Then, the market was on a downtrend for the next four months to bottom out at 883.9 points on August 6. By the end of August, the market rallied and then cooled down until the year end. In total, more than 2.3 billion securities were traded at a combined value of VND193,000 billion (US$12 billion) on the Ho Chi Minh City Stock Exchange. As of end 2007, 112 companies were listed on HOSE with a listing value of over VND13,140 billion and market capitalisation … [Read more...] about Stock Market Outlook 2008: Brighter Prospects?
VietNamNet Bridge – Tran Thanh Vu, general director of a construction and building materials trading company that is listed in HCM City, recently decided to sell some of his stock holding in his company when its share appreciated by more than 400 per cent. "Investing in real estate is less profitable but safer." — Photo baodoanhnghiepvietnam He used the money to buy an apartment in a luxurious residential area in the city, and expects to earn around VND250 million (US$12,601) a year from rent while also having a prime asset. "This investment is not very lucrative, but it is safer than investing in the stock market," he said. Huynh Ngoc Huong of the city's Tan Binh District has invested all her savings, including money she had parked in the stock market, to buy a plot of land in her native Binh Thuan Province in preparation for her retirement. "Securities investors like me will not find it too difficult to earn money from the market if we have experience in this line. … [Read more...] about Real estate gains from stock market doubts