(VEN) - Investors have great expectations for growth and development of the Vietnamese capital market in the long term. At the end of 2000, five companies were listed on Vietnam’s stock exchanges, with total market cap of VND986 billion. This figure increased to 748 companies by September 2018, while total market cap reached about VND2,656 trillion by October 2018. Government and corporate bonds have seen new development, with total market cap of more than VND1,100 trillion. This year has also recorded profits from stocks in banking, real estate, building materials, retail and some other sectors. The stock market has also contributed to promoting equitization of state-owned enterprises. By September 2018, 2.1 million accounts were registered at the Vietnam Securities Depository (VSD), including 27,146 accounts of foreign investors. In the first eight months of 2018, the number of new accounts opened by foreign investors at the VSD reached 4,745, an increase of 40.1 percent … [Read more...] about Positive long term prospects forecast for capital market
Emerging global markets
Vietnam a big market for German tool makers
A German machine tool (Photo: VNA) HCM City (VNS/VNA) - Vietnam was the fourth biggest market among ASEAN countries for German machine tool manufacturers, following Thailand, Indonesia and Singapore, according to the German Machine Tool Builders Association (VDW). Christoph Miller, head of the trade fair department at VDW, said: “For German manufacturers, ASEAN is a major customer region with a highly dynamic character. More and more production is being generated in the ASEAN region or being relocated from other markets into the ASEAN region. For the most part, these trends are emerging from the automotive and automotive supply industries, electronics, shipbuilding and general machinery construction.” The overall potential of the ASEAN region shows that after the strong years from 2012 to 2015, current machine tool consumption has stabilised at a level of about 3 billion EUR (3.4 billion USD), based on total imports to each country. Drivers here are Thailand and … [Read more...] about Vietnam a big market for German tool makers
VN big market for German tool makers
Viet Nam was the fourth biggest market among ASEAN countries for German machine tool manufacturers, following Thailand, Indonesia and Singapore, according to the German Machine Tool Builders Association (VDW). Christoph Miller, head of the trade fair department at VDW, said: “For German manufacturers, ASEAN is a major customer region with a highly dynamic character. More and more production is being generated in the ASEAN region or being relocated from other markets into the ASEAN region. For the most part, these trends are emerging from the automotive and automotive supply industries, electronics, shipbuilding and general machinery construction.” The overall potential of the ASEAN region shows that after the strong years from 2012 to 2015, current machine tool consumption has stabilised at a level of about three billion euros (US$3.4 billion), based on total imports to each country. Drivers here are Thailand and Viet Nam, he said. Among export markets for the German … [Read more...] about VN big market for German tool makers
VN stocks rally on global developments
Viet Nam News HÀ NỘI — Vietnamese shares extended their rallies on Tuesday on improved investor confidence regarding positive developments of global stock markets and comments by government officials on the country’s macro-economy and securities market. The benchmark VN-Index on the HCM Stock Exchange gained nearly 1 per cent to close at 979.21 points. It has risen total 1.85 per cent since last Thursday. The HNX Index on the Hà Nội Stock Exchange advanced 1.81 per cent to end at 110.02 points. The northern market index has totalled a three-day increase of 1.94 per cent. Nearly VNĐ5 trillion (US$221.8 million), or more than 237 million shares, was traded on the two bourses, up 11.8 per cent in volume and 13 per cent in value compared to Monday. Banks, securities firms, energy companies and rubber producers were the major driving forces of the stock market on Tuesday. The four sector indices gained between 2.1 per cent and 5.4 per cent, data … [Read more...] about VN stocks rally on global developments
Vietnam targets emerging securities market status
“Vietnam needs to persist in building a healthy and sustainable stock market, and the government will direct and issue strategies for the development and reform of the stock sector,” Hue said at the Vietnam Economic Forum on Capital – Finance Market in Hanoi on Tuesday. The nation’s top stock market official has said that this task is likely to take at least two years. With drastic measures, especially policies to create an equal investment environment for both local and foreign companies, Vietnam will make it to the list of emerging securities market soon, Tran Van Dung, Chairman of the State Securities Commission of Vietnam (SSC), told the forum. “It is impossible to achieve the target next year but it’s safe to say Vietnam can do that in the next two years,” he said. SSC is now building plans to develop the corporate bond market, he said. He said the SSC was collecting relevant information to build a corporate bond market center and a … [Read more...] about Vietnam targets emerging securities market status
Positive outlook for stock market despite downward trend in May
He said the stock market grew strongly in the first quarter of 2018 when the benchmark VN-Index on the HCM Stock Exchange broke the record set in 2007 to hit 1,204.33 points on April 9, up 22.4 percent from the end of 2017. However, from mid-May to May 23, the market recorded trading sessions mixed with strong increases and decreases. VN-Index dropped by 18 percent from the record on April 9 to 985.92 points on May 24. Dung attributed the nosedive in May partly to a fall in the global stock market due to the world economic and political situation. Though trade tension between the US and China eased, investors still feared a trade war between these two biggest economies of the world. Another negative impact is the possibility of the US Federal Reserve and the European Central Bank’s hiking of interest rates. Foreign investors began to withdraw money from emerging markets, including those in Southeast Asia. Stock markets around the world, from the US, Europe to Asia, have posted … [Read more...] about Positive outlook for stock market despite downward trend in May
VN-Index emerges as world’s top-performing market in Q1
Illustrative image (Source: VNA) Hanoi (VNA) - The VN-Index, Vietnam’s benchmark stock index, grew 19.33 percent in the first three months of this year, becoming the best-performing market in the world, followed by Egypt with 15.52 percent growth and Brazil with 11.73 percent. The index ended March 31 at 1,174.46, up a staggering 200 points from the beginning of the year, which was the biggest gain worldwide. Vietnam’s stock market has been upbeat since the second half of last year but the upward momentum slowed down after March 23 when the index surpassed its March 2007 peak. Rising volatility on the global markets and fears of a trade war between the two biggest economies, namely the US and China, dampened investor confidence. However, the local market still ended the first quarter strong, with optimistic medium and long-term forecasts put forward by securities companies, experts and investors. The VN-Index, a capitalisation-weighted index of all the companies listed … [Read more...] about VN-Index emerges as world’s top-performing market in Q1
Global trade war risk has limited impact on Vietnam’s securities
Fears of a trade war between the US and China have rocked global stock markets in recent sessions, but experts anticipate limited effects on Vietnam’s securities market growth as the market is on solid footing and is increasingly reliant on domestic demand. If the conflict occurred only between the US and China, Viet Nam would have a good chance to export to the US. - Photo giathep24h.vn On March 22, US President Donald Trump signed a memorandum that would impose 25 tariffs on up to US$60 billion in annual imports from China. In retaliation, China announced similar tariffs on about $3 billion of US imports. Though there is still speculation that China may expand its target to a broader range of US business interests, international experts believe the current trade spat between the two economic powers will be resolved through ongoing negotiations rather than moving toward a full-fledged trade war. This issue, however, continues to weigh on investor sentiment and raise … [Read more...] about Global trade war risk has limited impact on Vietnam’s securities
Global trade war risk has limited impact on Viet Nam’s securities
Fears of a trade war between the US and China have rocked global stock markets in recent sessions, but experts anticipate limited effects on Viet Nam’s securities market growth as the market is on solid footing and is increasingly reliant on domestic demand. If the conflict occurred only between the US and China, Viet Nam would have a good chance to export to the US. - Photo giathep24h.vn On March 22, US President Donald Trump signed a memorandum that would impose 25 tariffs on up to US$60 billion in annual imports from China. In retaliation, China announced similar tariffs on about $3 billion of US imports. Though there is still speculation that China may expand its target to a broader range of US business interests, international experts believe the current trade spat between the two economic powers will be resolved through ongoing negotiations rather than moving toward a full-fledged trade war. This issue, however, continues to weigh on investor sentiment and raise … [Read more...] about Global trade war risk has limited impact on Viet Nam’s securities
Emerging stocks hit highest in nearly a decade
Emerging market stocks have surged 5 percent so far this year, helped by oil trading near US$70 a barrel, a soft dollar and a pick-up in global economic growth, while US inflation remains subdued, tempering rate rise expectations. MSCI's benchmark emerging equities index gained 0.7 percent after Asian shares reached another record high, as investors continued to pile into riskier assets.Among the day's big movers were Hong Kong (China) up 1.8 percent to a record closing high, with Tencent jumping over 2 percent. Chinese mainland shares rose 0.8 percent, closing at a 30-month high, while index heavyweight the Republic of Korea gained 0.7 percent. "We are seeing a lot of inflows to the EM asset class while the dollar has got weaker and weaker, which is supportive for emerging markets as a whole," said Trieu Pham, a strategist at MUFG. "So far, there has been nothing to change the (bullish) view on EM." In another sign of the sector's health, emerging markets fund manager Ashmore posted a … [Read more...] about Emerging stocks hit highest in nearly a decade