The State Securities Commission of Vietnam (SSC) recently held an online working session with the World Bank (WB) and the Asia Securities Industry and Financial Markets Association (ASIFMA) to discuss ways to remove obstacles related to criteria for upgrading the Vietnamese securities market.
The commission strongly advises investors to be extra cautious and before engaging with any investment opportunities, individuals should thoroughly research the firms in question.
Foreign ownership limits at credit institutions were expected to be raised to an appropriate level to attract foreign investment, which plays an important role in improving operational efficiency and accelerating the banking sector's restructuring.
Amid the COVID-19 pandemic, the economy of Vietnam experienced numerous difficulties and challenges during the first half of 2021, but the stock market still posted strong growth, at a pace that is the second fastest in the world.
The stock market of Vietnam has fluctuated in line with others around the world since the beginning of 2021, when the markets of the US, the UK, Thailand, and the Republic of Korea, among others have posted growth of over 10 percent.
The Ho Chi Minh Stock Exchange (HoSE) posted 553 billion VND (23.9 million USD) in 2020 after-tax profit, a record figure that grew 46 percent year on year.
As banks are offering low interest rates, many securities companies are seeking way to mobilise capital from investors by offering higher interest rates.
Investors are pinning their hopes on different investment channels this year despite the many difficulties and risks brought about by COVID-19, analysts have said.
SSI Securities Corporation topped the list of 10 largest securities companies in the third quarter of this year recently announced by the Ho Chi Minh Stock Exchange, with a 11.8 percent market share.
Tai Viet JSC - Vietstock and finance and life newswire Fili.vn released a list of local listed companies with the best investor relations (IR) on September 22.
VNDirect Securities Corporation has launched an electronic platform to help customers make secure and fast identification without meeting the teller directly.
The Ministry of Finance has issued a decision regulating the roadmap for the application of International Financial Reporting Standards (IFRS), replacing the current Vietnamese accounting standards (VAS).
The Japan International Cooperation Agency (JICA) and the State Securities Commission (SSC) on June 20 jointly held a seminar to launch the “Project for Capacity Building on Improving Fairness and Transparency of Vietnamese Equity Market”.
The People’s Court of Hanoi on May 7 announced sentences for 15 defendants involved in the case of obtaining property by fraud, manipulating securities prices, and falsifying documents at the Central Mining and Mineral Import Export JSC (MTM).
Transparency and quality of information disclosure are the main concerns for market members, public companies and auditors to lure a larger amount of capital in 2019, business executives have said.
