Vietnamplus

Shares bounced back slightly in the afternoon trade but the VN-Index still lost 60.94 points, or 5.11 percent, closing the January 19 session at 1,131 points.

Despite short-term difficulties, the prospects for industrial park stocks will increase after the COVID-19 pandemic is over, driven by the relocation of global firms to diversify supply chains, with many picking Vietnam as their destination.

The financial market in 2020 will become much more unpredictable and less active than the predictions made at the end of 2019 due to impact caused by the 2019 novel coronavirus (2019-nCoV) epidemic, according to a financial analyst.

Shares in securities companies seem to have lost their shine for investors in the face of fierce competition from foreign-invested firms.

More than 150 enterprises successfully issued bonds worth total 179.1 trillion VND (7.7 billion USD) in the first nine months of this year, a report on the Hanoi Stock Exchange bond market showed on October 8.

Many leading Vietnamese securities firms reported lower profits in the first half of 2019, according to the Ho Chi Minh Stock Exchange (HOSE).

The Vietnamese dong would be steady next months, buoyed by positive foreign inflow and reasonable gap between interest rates of the dong and the US dollar as well as the stability of the Chinese yuan, experts said.

Liquidity of the banking system has been plentiful again after the Lunar New Year (Tet), helping the central bank net withdraw more than 51.55 trillion VND (2.2 billion USD) in the past week.

Interest rates for VND deposits would remain stable or even decline over the next few months, analysts from Saigon Securities Inc. (SSI) forecast.

High demand, especially in global markets, have helped the cement industry surpass its annual sales target of 83-85 million tonnes in just ten months.

The State Securities Commission has asked brokerage companies to further strengthen their trading system to ensure safe and smooth transactions for investors in the stock market.

Authorities need to closely control the rapid increase in Vietnam’s credit-to-GDP gap so as not to cause high inflation as in the past, experts have warned.

Three years after a groundbreaking decree opened public companies to foreign ownership, less than 4 percent of eligible firms have removed their foreign ownership ceiling.

Shares declined on August 31 on both national stock exchanges before the National Independence Day Holiday, led by heavyweight stocks.

Vietnam National Shipping Lines (Vinalines) is due to sell more than 280 million shares in its initial public offering (IPO) at the Hanoi Stock Exchange (HNX) in early August.

In the early days of July, many listed companies have reported positive earnings for the first half of this year. Most are leading companies in their industries.

The derivatives market has grown strongly over the last three months as investors switch from stocks to derivatives to avoid short-term risks on the stock market.

The VN-Index slumped sharply to under 900 points on July 5, with falls seen in the majority of stock codes.

SSI targets pre-tax profits of 1.615 trillion VND (70.8 million USD) on revenues of 3.41 trillion VND (149.56 million USD) this year, year-on-year increases of 12 percent and 15 percent.

Vietnamese shares recovered on March 6 as blue chips performed well on bottom-fishing following the previous sharp falls.