Most of the 13 new listed companies on the Hanoi Stock Exchange and nine new others on the Hochiminh Stock Exchange performed well after listing this year.

The Bank for Investment and Development of Vietnam (BID) in HCM City had the greatest value, with 2.81 billion shares out of the total 3.17 billion new shares, accounting for five percent of the total market capitalisation.

Apart from the firms operating in the fields of manufacturing, agricultural products, energy and finance, the market also welcomed the first domestic exchange-traded fund – the VFMVN30.

Mobile World (MWG) possibly wrote the most successful story, which featured a charter capital jump from 627 billion VND to 1.12 trillion VND (from 29.86 million USD to 53.33 million USD) to in less than six months. It remains in the top 10 list of stocks in terms of market price and closed the December 23 session at 104,000 VND (4.95 USD).

Tri Viet Management Investment is another typical example. It increased by nearly 100 percent in price despite having been listed for only three months.

Other stocks to soar around 100 percent since listing include Nam Dinh Foodstuff and Agricultural Products (NDF), Thong Nhat Production and Investment (GTN) and Visacom Mineral (VMI).

Many of the companies planned to issue additional shares to raise capital following their listing success. These include MWG, NDF, VMI and CEO Investment (CEO).

However, some companies did not succeed as much as their counterparts. These businesses are Bac A Metallurgy and Mineral (BAM), Petrolimex Installation No 3 (PEN), Viet Thai Electric Cable (VTH) and Ninh Binh Phosphate Fertiliser (NFC).

NFC has notably not seen any shares traded since mid-October.-VNA