New securities trading accounts hit record high in Jan
Close to 86,270 securities trading accounts were opened by domestic investors in January, an increase of 36.4 percent from the previous month, according to the Vietnam Securities Depository (VSD).
Hanoi (VNA) – Close to 86,270 securities tradingaccounts were opened by domestic investors in January, an increase of 36.4percent from the previous month, according to the Vietnam Securities Depository(VSD).
It is the largest-ever number of newly-opened trading accountsin a month since Vietnam’s stock market debuted, the VSD said.
Foreign investors also opened about 86,270 accounts, 99.8 percent of which were of individuals.
Last month, market liquidity repeatedly hit record highs withvalue of many trading sessions exceeding 20 trillion VND (866.56 million USD).
About 14.78 billion shares, worth 335.9 trillion VND intotal, were traded on the Ho Chi Minh Stock Exchange (HoSE) alone in January,up 8.71 percent and 17.37 percent, respectively, month-on-month.
Trading value averaged nearly 16.8 trillion VND per sessionwhile average trading volume exceeded 739 million shares per session, month-on-monthsurges of 34.97 percent and 25.01 percent, respectively.
The surges were even more significant compared to the sameperiod last year, with average trading value rising nearly 334 percent andaverage trading volume expanding more than 291 percent./.
Vietnam’s stock market has posted record highs as the Government’s stimulus measures and good control of the coronavirus outbreak are turbo-charging the country’s economic recovery from the pandemic, according to insiders.
A trial run of a stock trading system from the Republic of Korea with securities companies will be conducted after the Tet (Lunar New Year) holiday, Tran Van Dung, Chairman of the State Securities Commission of Vietnam (SSC), told a press conference on January 19.
Shares bounced back slightly in the afternoon trade but the VN-Index still lost 60.94 points, or 5.11 percent, closing the January 19 session at 1,131 points.
The corporate bond market in Vietnam is expected to be robust this year as the Government has issued regulations to untie the market but still aimed to ensure transparency and healthy market development.
Party General Secretary To Lam’s upcoming state visit to the Republic of Korea (RoK) is expected to mark a new milestone in the bilateral relationship, creating fresh momentum for trade and investment cooperation between the two countries.
In the context of the growing global digital economy, digital transformation and the promotion of e-commerce are key drivers helping Vietnam boost integration, enhance competitiveness, and expand export markets, according to the Vietnam E-commerce and Digital Economy Agency
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Viettel was ranked third for overall mobile performance with a score of 82.56 just behind UEA’s e& (88.05) and Quatar’s Ooredoo (87.05) and ahead of Singapore’s Singtel (82.53). Vinaphone took second in 5G speed with a score of 78.11, trailing only behind e&.
PM Chinh proposed MUFG work closely with the Ministry of Finance to improve legal frameworks and support the establishment and operation of the international financial centre in Da Nang and Ho Chi Minh City.
Illustrative photo. (Source: VNA)
