Vietnamplus

Hanoi police have warned people against illegal foreign exchange trading platforms on the internet which have swindled many out of their money.

Information relating to the loosening of credit room, and commitments from the Ho Chi Minh City People's Committee and other agencies on removing hurdles to transactions have led to experts' positive views on the future of the property market.

Although significant challenges remain for the economic and investment environment in Vietnam, there are still opportunities for investors to increase profits through investment channels if they know how to restructure their portfolio, experts have said.

Deputy Finance Minister Nguyen Duc Chi has emphasised the need to take drastic solutions to promote the sustainable development of the stock market as an important capital-raising channel for the national economy.

Domestic investors opened 88,479 new securities accounts in November, a slight decrease compared to the previous month, according to data from the Vietnam Securities Depository (VSD).

There were no new IPO deals in Vietnam in the third quarter of 2022, according to recent data from Deloitte, as the figure was only counted in the first half of the year.

A Facebook account owner in Hanoi was sentenced on October 27 to two years in prison for posting false information that affected businesses and harmed the stock market.

Shares inched lower on September 16 as rising selling pressure in the afternoon session weighed on the market’s sentiment.

The Ministry of Public Security on August 25 launched criminal proceedings against Trinh Van Quyet, former Chairman of the FLC Group Joint Stock Company, and three others on a charge of fraudulent appropriation of property, following their earlier arrests for alleged stock market manipulation.

Finance Minister Ho Duc Phoc has had a working session with Secretary-General of United Nations Conference on Trade and Development (UNCTAD) Rebeca Grynspan, and Director General of the World Trade Organisation (WTO) Ngozi Okonjo-Iweal, as part of the activities in his working visit to Switzerland.

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 Ministry of Public Security on April 20 issued a decision to conduct investigations into a case accused of manipulating the stock market at Tri Viet Securities Corp, Louis Holdings Group, Louis Capital JSC and relevant agencies, and detained four people.

The Ministry of Public Security’s Investigation Police Agency on April 8 launched criminal proceedings against and detained two other suspects for assisting Trinh Van Quyet, former Chairman of the FLC Group JSC, in manipulating the stock market.

The Ministry of Public Security has decided to launch criminal proceedings against and detain Trinh Thi Minh Hue, a member of FLC Group JSC's accounting department, for assisting Trinh Van Quyet, former Chairman of the company, on the charge of stock market manipulation.

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.

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.

The Vietnamese stock market continued to reach another historic record, with the largest number of new accounts opened in December after 21 years of operation.

Many securities companies are planning to raise capital through forms such as dividend payment, purchase rights and private offerings to meet the growth of the stock market.

German securities news site Börse-online.de on November 22 ran an article highlighting the high prospect of the stock market of Vietnam and the Vietnamese economy after COVID-19, underlining that the Southeast Asian country may grow 8 percent next year.

More than 206 trillion VND (9 billion USD) worth of Government bonds has been raised for the State budget annually. This accounts for almost 10 percent of total investment in society in 2020 and 28.3 percent of the investment by the State sector last year.