Entering 2023, investors are choosing investment channels that bring in high profitability amid the current financial market where there are many unprecedented risks.
After hitting a record low in 2022, Vietnam’s money supply (M2) will rebound in 2023 and become an important driver for the recovery of the stock market, KB Securities Vietnam (KBSV) forecast.
The Vietnamese stock market has just closed the first half of a rough November with a forgettable session. Selling force weighed on most of the industry groups, with the whole market recording nearly 400 stocks hitting floor prices.
The Ho Chi Minh Stock Exchange (HOSE) recently announced the market share of brokerage transaction value in the third quarter of 2022. And there are big changes among the top 10.
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.
The development of technology and new segments is creating new investment products, giving Vietnamese investors more choices besides traditional channels such as securities, real estate, gold or currency. However, more challenges are emerging, forcing retail investors to be more professional to avoid risks.
Positive news about the resumption of aviation and tourism services have helped tourism stocks to surge, with many even hitting celling prices continuously, despite the VN-Index struggling around the 1,500-point level.
Shares finished higher during the final trading session prior to the Tet holiday on January 28, propped up by the growth of banking and textile stocks.
In December 2021, the market benchmark VN-Index could have surpassed 1,498 points if it were not affected by the holiday, Dragon Capital said in a recent report.
Vietnam's benchmark stock market index (VN-Index) hit a new record high on January 6 morning session after rising 6.07 percent to reach 1,528.57 points.
Market capitalisation on the Ho Chi Minh Stock Exchange (HOSE) rose more than 42 percent year-on-year to 5.8 quadrillion VND (254.83 billion USD) by the end of 2021, accounting for 92.77 percent of the previous year’s GDP.
Vietnam's benchmark stock market index (VN-Index) hit a fresh record high on January 4 morning session after rising 19.67 points, reaching 1,517.95 points, much higher than the previous peak of 1.500 points.
As of December 30, five out of the best growth stocks in Vietnam have seen increases of more than 1,000 percent in value, with one even reaching an over 2,000 percent rise.