Stock trading in Vietnam is a relatively new phenomenon but has quickly become very popular. This section monitors Vietnam stock market news including key indexes, regulations, and market developments, as well as foreign trading activity.

Vietnam’s VN-Index falls 5.26 points, foreign traders net sell US$24.7 million in stocks, Tuesday

the-shiv October 15, 2024

The Vietnam Stock Market Tracker provides a daily update of the latest developments in the stock market in Vietnam. This includes all of Vietnam’s most important indexes as well as the buying and selling activity of foreign traders, and the biggest gainers and losers for the day.

Vietnam stock market holds steady on FTSE upgrade watchlist, October review

the-shiv October 10, 2024

FTSE Russell notes that reforms have been made with respect to removing pre-funding requirements for foreign investors per a circular issued by the Ministry of Finance back in September, but goes on to say that Vietnam still needs to reform its registration process for new accounts and to come up with a way for foreign investors to more efficiently trade stocks when foreign ownership ratios are nearing their limits.

Top 10 Vietnam securities firms gain 2.67 percent market share Q3 2024

the-shiv October 7, 2024

The biggest improvement belonged to Viet Cap Securities which saw a 1.46 percent increase in its market share with the biggest fall belonging to VNDirect which lost .76 percent. However, Vietcombank Securities Company dropped out of the top ten altogether and therefore how much its share changed is unknown. Of note, FPT Securities moved in to take Vietcombank Securities’ place…

Tien Phong Commercial Bank: Vietnam Stock Overview

the-shiv October 7, 2024

TPBank’s net interest income increased by 14.2 percent, aligning with the broader trend seen across banks like VPBank, HDBank, and VietinBank, which also experienced significant growth in net interest income. This increase was driven by a stable macroeconomic environment and recovering credit demand, contrasting with 2023’s challenges when deposit interest costs exceeded lending income.

Vietnam securities firms hit deadline with thousands of trader IDs unverified

the-shiv October 1, 2024

There were around 8 million active trading accounts last count but these are clearly not all being used. In October last year, MB Securities closed over half a million accounts that had been opened with the firm but had never recorded a transaction. This is just one of around 20 to 30 brokerages in Vietnam too, and in this context, this ID requirement may see many more accounts closed…

Lack of bilingual reports ‘major barrier’ for foreign investors in Vietnam: HDCapital Exec.

the-shiv September 26, 2024

Of note, Vietnam is currently courting an upgrade from FTSE Russell and MSCI from a frontier market to a secondary emerging market and an emerging market, respectively. One issue raised has been disclosure standards…

Vietnam’s Law on Securities: Overview 2024

the-shiv September 23, 2024

The Law on Securities defines the scope and application of regulations governing the issuance, trading, investment, and provision of securities services in Vietnam. It applies to Vietnam’s securities industry, to both domestic and foreign entities, including public companies, securities firms, and investors operating in the Vietnamese market.

Vietnam stock exchange pre-funding requirements to be lifted for foreign institutions

the-shiv September 19, 2024

Of note, the circular appears to only address foreign institutional investors and not foreign individual investors which account for about 42,446 registered trading accounts in Vietnam. Neither FTSE Russell or MSCI, however, appear to make a distinction between the two in terms of the need to remove pre-funding requirements. With this in mind, this latest announcement should be viewed with cautious optimism…

SSI Securities Corporation: Vietnam Stock Overview

Huong Nguyen September 18, 2024

Despite positive business results in the second quarter of 2024, SSI shares experienced an 18 percent decline from April 1 to September 16. This downturn was attributed in part to broader market trends with the real estate sector underperforming and significant net selling by foreign investors…

Vietnam Securities Industry: Overview 2024

the-shiv September 17, 2024

The Vietnam securities industry is the financial market system in Vietnam that facilitates the trading of securities such as stocks, bonds, and derivatives. It is regulated by the State Securities Commission (SSC), a government body responsible for overseeing market activities, ensuring transparency, and protecting investor interests…

Phu Nhuan Jewelry: Vietnam Stock Overview

Huong Nguyen September 12, 2024

Of note, Vietnam’s gold price exhibited a dramatic upward trend from the start of 2024, culminating in a peak of VND 92.2 million per tael or US$2,981.1 per troy ounce on May 11. This price represented a premium of approximately 20 percent compared to the global gold market at that time…

REE Corporation: Vietnam Stock Overview

Huong Nguyen September 4, 2024

In the first half of 2024, REE’s revenue reached US$161.5 million, down 11.5 percent year-on-year. This is partly due to the El Niño phenomenon which has seen drought-conditions in parts of Vietnam, reducing water in hydropower catchments. Additionally, a government policy prioritizing coal-fired thermal power plants to conserve water during the dry season has limited hydropower’s participation in the electricity market…

Electronics Retailer Digiworld: Vietnam Stock Overview

Huong Nguyen September 2, 2024

As the core business of Digiworld, the electronic devices segment has been challenged by declining demand and intense competition–in the broader market, electronics retail chains like FPT Shop and Mobile World, have also closed a number of underperforming stores. With this in mind, Digiworld has implemented a horizontal development strategy, which involves adding new brands and entering new industries through mergers and acquisitions…

Vinh Hoan (seafood): Vietnam Stock Overview

Huong Nguyen August 30, 2024

Vinh Hoan, listed on the Ho Chi Minh Stock Exchange under the ticker VHC, is a leading Vietnamese seafood company. Established in 1997, it has become one of the world’s largest pangasius exporters, with a strong presence in the US and Europe…

Gelex Electric: Vietnam Stock Overview

Huong Nguyen August 28, 2024

Of note, in August 2024, 300 million shares in Gelex Electric were officially listed on the Ho Chi Minh Stock Exchange under the ticker GEE. Previously, the stock had been traded on the Unlisted Public Company Market…

Vietnam Stock Market Indexes: Ultimate Guide 2024

the-shiv August 23, 2024

Vietnam stock market indices are many and varied. Each gives a unique glimpse into how Vietnam’s stock markets are performing both in isolation and in the context of the wider world. This overview of each of these key Vietnam stock market indexes should provide a broad understanding of those key indexes and how they are compiled. Changes to the index can also be followed via the Vietnam Stock Market Tracker.

Vietnam Stock Review: Techcombank

Huong Nguyen August 22, 2024

In 2023, pre-tax profit and total operating income went on to decline by 10.5 percent and 1.2 percent year-over-year, respectively, mostly due to rising interest costs on deposits outpacing income from lending. This was common among many banks that had aggressively mobilized capital at high interest rates in late 2022 but subsequently struggled to lend after the housing bubble bursting in October of that year. That said, 2023 was a better year, with the stock price rising 45 percent from November 2022 to December 2023.

Delistings grow for Vietnam’s key stock exchange

the-shiv August 22, 2024

Delisted stocks are moved to the Hanoi Stock Exchange or Unlisted Public Companies exchange, but trading on these platforms can be risky. Due to limited information and a smaller trading pool, they can be more susceptible to speculation and price volatility. This can make it challenging to accurately assess a company’s value and increase the risk of investment losses.

Two Vietnam stocks in, two out in frontier markets index review

the-shiv August 14, 2024

MSCI has removed Vietnam’s EVN Finance and Petrovietnam Nhon Trach shares from its Frontier Markets Index as part of its August Index Review. On the flip side, it has added Vietnam’s Binh Duong Water and Nam A Bank to the index. Of note, Vietnam’s stock market indexes have been in the news a lot lately as the country pushes for an upgrade from a frontier to an emerging market. There are, however, a number of obstacles still standing in the local bourse’s path before an upgrade can be made.

The Vietnam Stock Exchange: Ultimate Guide 2024

the-shiv August 12, 2024

Stock trading in Vietnam is a relatively new phenomenon. As a result, there are only a few products, with trading on Vietnam’s key stock exchanges generally limited to the basic buying and selling of stocks and bonds. That said, reforms are being passed frequently and Vietnam’s key stock exchanges are slowly moving to be more in line with international stock market standards.