Friday, September 21, 2018 10:28:10 PM - Markets open
VN-INDEX 1,002.97 -1.77/-0.18%
HNX-INDEX 115.80 +0.74/+0.64%
UPCOM-INDEX 53.49 +0.50/+0.95%
Vietnam’s stock market sees positive development: Bloomberg
VOV - 12/1/2017 9:29:39 AM
 (0 ratings. You must sign in to rate.)
Author Andy Mukherjee noted that four years ago, the Ho Chi Minh City Stock Exchange traded just US$50 million of equities a day, while activity in Manila was five times as brisk.
Meanwhile, soured debt of Vietnam’s banking system has declined, while privatization of State-owned enterprises has been on the rise.
Foreign direct investment in the country increased nearly 12% this year to US$16 billion this year. Currently, FDI accounts for 8% of the country’s gross domestic product of US$203 billion.
In financial markets, Mukherjee cited Credit Suisse analysts’ estimate that there are now 12 Vietnamese stocks with volumes of US$3 million a day while there were only two in 2015.
Vietnam has also plugged into the Asian electronics and smart phone supply chain. The country's strongest export is not textiles, shoes, seafood, coffee or cashew nuts, but smart phone parts, which have jumped 29% this year to US$36.5 billion this year.
Vietnam can no longer be written off as marginal, Mukherjee said.
Read original article here
Newer News
20/09 Stocks up slightly on profit-taking
20/09 Stocks up slightly on profit-taking
18/09 VN-Index down 3.73 points on September 17
12/09 Vietnam’s stock market capitalisation reaches 79.2 percent of GDP
10/09 Stock market pins hopes on foreign investors in September
30/08 VN Index rally ends on selling pressure
29/08 Large-cap stocks lift market
28/08 VN-Index struggles to maintain rally
27/08 VN Index to rise amid volatility, weak liquidity
25/08 Negative sentiment ends VN-Index rally
Older News
30/11 Financial stocks lift market further
30/11 VN-Index up for 8th day in a row
28/04 Stocks recover on global moves
26/04 Shares down as holiday approaches
25/04 Caution pulls down blue chips
21/04 Stocks down on global risks
20/04 Shares up on confidence
19/04 Sabeco reports gains, urges additional divestment
19/04 Bargain hunting boosts local stocks
18/04 Stocks fall on investor worries
Newsletter Signup
Top Stories
VN Index to rise amid volatility, weak liquidity
VN stocks continue rallying
VN manufacturing PMI hits 22-month high in March
CPI goes up 4.96 percent year-on-year in first quarter
Slight rise in February CPI
Market Update
Last updated at 3:12:17 PM
VN-INDEX 1,002.97 -1.77/-0.18%
Real-time chart
Top 5 Actives
Top 5 Gainers
Top 5 Losers
My Favorite Quotes
Your most recently viewed tickers will automatically show up here if you type a ticker in the Get Quotes box on the top of the page.
Company Research
Type in the symbol above for thorough background information, key statistics and financial information.
Stock Sectors
We continuously improve our services, here are the latest updates...
Allow you to monitor a customised group of securities. You can set up multiple Portfolios to help you better manage your investments.
Trigger Alerts
Get up-to-date alerts delivered directly to your email address.
Stock Screener
Allow you to filter the market and find exactly what sort of company you are looking for.
Live Terminal
Get instant access to FREE REAL-TIME streaming quotes for hundreds of stocks from HOSE, HNX and UPCOM exchanges.