Contrary to the outstanding performances in the banking sector, the securities subsidiaries of major banks have yet to fully leverage their potential, despite numerous inherent advantages.
Individual domestic accounts increased by 156,568 in October this year, marking a steady growth similar to that from September, according to data from the Vietnam Securities Depository and Clearing Corporation (VSDC).
In less than a month, Dragon Capital has reinstated its position as a significant shareholder in PV Drilling while also increasing its investments in Phu Nhuan Jewellery (PNJ) and FPT Digital Retail (FRT).
Although 2023 is forecast to be a difficult year, many securities companies still set a target of positive profit growth in 2023, besides some others adopting more prudent plans.
Foreign investors net purchased 14.8 million stocks, worth some 80 billion VND (3,42 million USD) during the week from August 8 – 12, showing that the Vietnamese securities market remained attractive to them.
National Assembly Chairman Vuong Dinh Hue urged for a healthy banking system in which domestic lenders act as key players and operate in a healthy, effective and transparent manner when assessing the answers of State Bank Governor Nguyen Thi Hong during the Q&A session of the 15th NA in Hanoi on June 9.
Governor of the State Bank of Vietnam (SBV) Nguyen Thi Hong has submitted a report to National Assembly (NA) deputies on issues raised during the Question-and-Answer session, including credit management and control in potentially risky areas, especially securities lending, corporate bond issuance and real estate.
As securities and real estate sectors are not on the list to receive support, the 2 percent interest rate support package's positive effects on the stock market are not strong.
The average daily trading value on Vietnam’s stock market has reached more than 30.84 trillion VND (1.34 billion USD) per session so far this year, up 15.9 percent from the last year’s figure and now the second largest in ASEAN, only after Thailand, according to the Ministry of Finance.
The Vietnamese stock market has witnessed drastic changes in both quality and quantity in 2021 and the trend will continue this year, BIDV Securities Company said in a recent report.
Insurance, banking and securities are among the industries with the highest hiring needs in the third quarter of the year, according to job services provider Navigos Group.
With securities firms now allowed to increase their total liabilities to serve the increasing number of customers, the Vietnamese market has never been more active.
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).
Banks are sprinting to transfer the listing of shares from Unlisted Public Company Market (UpCom) to official bourses before the Law on Securities takes effect from the beginning of 2021, which would require two-year listing on UpCom before a public company could go to official bourses.