75,000 derivatives trading accounts opened in first six months

More than 75,000 trading accounts were opened on the derivatives market as of the end of June, officials announced on July 25.
75,000 derivatives trading accounts opened in first six months ảnh 1A trading office of VPBank Securities JSC in Hanoi (Photo: VNA)

Hanoi (VNS/VNA)
- Morethan 75,000 trading accounts were opened on the derivatives market as of theend of June, officials announced on July 25.

The figure was up 30 percent fromthe end of 2018. The average number of futures contracts traded in each sessionin June reached nearly 100,000.

After its launch in August 2017,the derivatives market has been warmly welcomed by investorsseeking opportunities to trade VN30-Index futures contracts whenever thecommon stock market gets into uncertain territory, according to Le Trong Minh, Editor-in-chief of Dau Tu (Investment)newspaper.

The derivatives market has helpedinvestors hedge risks, kept money on the equities market, allowedinvestors to seek short-term profits and stabilised the common stock market.

However, there have been someproblems with the market such as the small number of institutional investorsjoining the derivatives market, high volatility and a lower-than-expectednumber of transactions.

As the Government wants theVietnamese equities market to reach 100 percent of Vietnam’s gross domesticproduct (GDP) by 2020 and the number of active investors accounts for 3 percentof the population, a mechanism needs to be developed to foster professionalinvestors, said Pham Thi Thuy, director of virtual derivatives market projectat VPBank Securities (VPBS).

To help individual investorssharpen their knowledge, skills and understanding of the derivatives market, Dau Tu newspaper and VPBS will launcha contest on virtual derivatives trading from August 1 to July 31, 2020.

Contestants will be able tocompete on a virtual trading platform provided by VPBS. Awards will be givenweekly, monthly, quarterly and yearly for investors with the best profit andthe highest number of futures contracts traded, along with a lucky draw.

The total value of prizes is 1.1billion VND (47,300 USD) for 654 awards. The highest-valued award is 200million VND and will be given to the investor with the best trading profit ofthe year.

The contest will help investorsshare their ideas, knowledge and skills as well as provide training for allcontestants, Minh said.

Each investor will receive aninitial 100 million VND when registering in the virtual trading contest. Thevirtual trading platform can be downloaded from the Apple Store and GooglePlay.-VNS/VNA
VNA

See more

At the February 14 meeting between Lao Prime Minister Sonexay Siphandone and a delegation of Vietnamese businesses and international enterprises from various countries. (Photo: VNA)

Vietnam strengthens business and investment ties in Laos

Highlighting Laos's vast potential for trade and investment cooperation, Lao Prime Minister Sonexay Siphandone said that Laos is an attractive investment destination, particularly in agriculture, tourism, logistics, and infrastructure development.

Lao government officials and representatives of Vietnamese businesses at the seminar (Photo: VNA)

Vietnamese firms eye investment in Laos

He reaffirmed Laos as a key investment destination for Vietnamese and global firms, highlighting opportunities in agriculture, tourism, logistics, and infrastructure.

Vice Chairman of the Bac Giang People's Committee Mai Son (Photo: bacgiang.gov.vn)

Bac Giang speeds up non-state budget investment projects

In the coming period, the northern province of Bac Giang will focus on addressing challenges to non-state budget investment projects and expediting their progress, affirmed Vice Chairman of the provincial People's Committee Mai Son.

Representatives from industry associations share insights on Vietnam’s market trends. (Photo: VNA)

Vietnam, Thailand boost industrial trade exchange

Trade between Vietnam and Thailand reached 20.18 billion USD in 2024, up 6.4% year-on-year. Thailand remained Vietnam’s top ASEAN trade partner, accounting for 24% of its total trade with the bloc.