The VN-Index recorded nine hikes in he two weeks since the end of the Lunar New Year holidays (Photo: VietnamPlus) Hanoi (VNA) - This week, Vietnam’s stock markets closed in the green, as the benchmark VN-Index rose 1.34 points to 988.91 points while the HNX-Index inched up 0.7 point to 106.82 points. The VN-Index on the Ho Chi Minh City Stock Exchange (HoSE) enjoyed increases in the whole week (from February 18 to 22) and it was also the ninth hike in two weeks. On February 22, there were 144 rising codes and 152 in decline. The VN30, which measures the performance of the 30 stocks with the highest market capitalisation and liquidity on the HoSE, had 17 advancing codes and 12 others end in red, while one code was flat. In the week, foreign investors posted net purchase value of 772.92 trillion VND (33.02 billion USD), equivalent to 23.64 million shares. E1VFVN30 topped the list with 15.4 million shares purchased, followed by HPG with 8 million shares. The … [Read more...] about Will VN-Index hit 1,000-point mark thanks to investors’ positivity?
Attract foreign investors
Investors at a stock trading floor in Hanoi. (Photo: vnreview.vn) Hanoi (VNS/VNA) - There are many securities products that are widely used in other countries but have not yet appeared on the Vietnamese stock market, said Phan Duc Hieu, deputy director of the Central Institute for Economic Management (CIEM). “This makes the Vietnamese stock market less attractive, affecting capital mobilisation of listed companies,” Hieu said at a seminar held in Hanoi on May 8, themed “Enhancing Vietnam's capital market accessibility”, co-organised by CIEM and the State Securities Commission (SSC). Participants at the seminar discussed solutions to offer new securities products to diversify the stock market and attract investors, helping businesses mobilise capital for production and development. According to SSC vice chairman Pham Hong Son, the securities sector has made great efforts to develop policies to attract foreign investment, raising the foreign ownership ratio in … [Read more...] about Stock market needs product impetus
Illustrative image (Source: VNA) Hanoi (VNS/VNA) - The Vietnam Securities Depository (VSD) will apply a new minimum initial margin ratio of 13 percent from July 18 instead of the previous 10 percent for VN30 Index futures to avoid violations and ensure the security of the derivatives market. The initial margin is the minimum collateral value deposited with the VSD to meet the requirements of clearing members’ positions which are expected to open before trading, except close-out positions of the same trading account. The VSD on July 13 “sent a written notice to clearing members about the adjustment” and requested them to “review, recalculate the margin requirement value in accordance with new minimum margin requirements on each investor accounts.” Clearing members should ask for “additional deposits (if necessary)” to avoid “violation of collateral usage rate” and “assure the safety and smoothness of clearing and … [Read more...] about Initial margin ratio raised to reduce derivatives risks
CEO of SSI Securities Corporation Nguyen Duy Hung (Photo: Vietnam Finance) Hanoi (VNA) - Transparency and quality of information disclosure are the main concerns for market members, public companies and auditors to lure a larger amount of capital in 2019, business executives have said. Nguyen Duy Hung, CEO of SSI Securities Corporation, said that the securities market should be the most important fund-raising passage for local companies. However, still weighing on the confidence of both domestic and foreign investors in local firms were the transparency and quality of information disclosure, which had not been ensured, Hung told a recent meeting held by the State Securities Commission. “We need to build the securities market and turn it into a channel, helping local firms attract capital investment. But key issues are market transparency and confidence,” he said. According to Hung, the total amount of equity capital among local firms is still small with most … [Read more...] about Transparency needed for securities market in 2019
Other News Air transport business requirements amended for newcomers The Saigon Times Daily Monday, Nov 18, 2019,18:07 (GMT+7) Air transport business requirements amended for newcomersThe Saigon Times Daily Aircraft are parked at Tan Son Nhat International Airport. The Government has amended air transport business requirements to help newcomers in the industry - PHOTO: LE ANH HCMC – The Government has issued a new decree, amending air transport business requirements to create favorable conditions for enterprises to penetrate the sector. Specifically, the Government has issued Decree 89/2019/ND-CP amending and supplementing some articles of Decree 92/2016/ND-CP on conditional business sectors or activities in the civil aviation industry and Decree 30/2013/ND-CP on air transport business and general aviation activities, the local media reported. Accordingly, air transport firms will have a foreign ownership limit … [Read more...] about Air transport business requirements amended for newcomers