Business

Number of new securities trading accounts reaches record high

The number of new securities trading accounts of Vietnamese individual investors surpassed 63,600 in December – the highest-ever figure, according to the Vietnam Securities Depository (VSD).
Number of new securities trading accounts reaches record high ảnh 1Transactions at the headquarters of Bao Viet Securities (Photo: VNA)

Hanoi (VNA) - The number of new securities tradingaccounts of Vietnamese individual investors surpassed 63,600 in December – thehighest-ever figure, according to the Vietnam Securities Depository (VSD).

The figure raised the total number of tradingaccounts in Vietnam to nearly 2.73 million.

Along with individual investors, domesticorganisations opened 168 new brokerage accounts last month, the highest in thepast four years, raising the total to 11,251 accounts.

Meanwhile, foreign individual investors andorganisations opened 371 and 15 new accounts in the last month of 2020,bringing the total numbers to 31,134 and 3,927, respectively.

The appearance of new investors helps keep marketliquidity at a high level. At the opening ceremony of the first trading sessionof 2021 that took place on January 4, Minister of Finance Dinh Tien Dung highlighteda breakthrough growth in liquidity on the stock market, reaching an average ofnearly 7.4 trillion VND (320.2 million USD) per session. Of great note,November and December saw an average liquidity of 10 trillion VND and 14.8trillion VND per session, doubling from the average of 2019. Marketcapitalization of the stock market reached 84.3 percent of GDP last year./.

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