According to the project, Vietnam Stock Exchange whose charter capital is VND3 trillion will operate under the model of a wholly state-owned enterprise with the Ministry of Finance representing for the owner of State capital. In the first stage from 2019 to 2020, operation of the two existing stock exchanges Ha Noi and Ho Chi Minh City will continued to be maintained. At the same time, organization of Hanoi and Ho Chi Minh City stock exchanges will be restructured and organization of Vietnam Stock Exchange will be unified. In the second stage from 2020 to 2023, information technology system will be put into operation on Ha Noi Stock Exchange and Ho Chi Minh City Stock Exchange, on this basis, market segmentation will be implemented. Solution for equitization of Vietnam Stock Exchange will be built for implementation after 2023. By Ha My – Translated by Thuy Doan Tags: Vietnam Stock Exchange Prime Minister Nguyen Xuan Phuc Ho Chi Minh City Stock Exchange … [Read more...] about Vietnam Stock Exchange to be established
Ha noi stock exchange
Hanoi Stock Exchange improves operation
The Ha Noi Stock exchange (HNX) has improved its share, bond and derivatives markets considerably in 2018 and will continue to enhance the markets’ operation next year. This year, HNX’s stock market saw increases in both scale and liquidity. — Photo tinnhanhchungkhoan.vn This year, HNX’s stock market saw increases in both scale and liquidity. As of December 15, HNX had approved the listing of seven firms with a registration value of more than VND1 trillion (US$8.1 million). Currently there are 374 firms listing on the northern exchange with market capitalisation of nearly VND190 trillion. Average trading value reached VND788 billion per session, up 28 per cent year-on-year. On the Unlisted Public Company Market (UPCoM), the number of listing firms and capitalisation value soared. As of December 12, there were 803 firms listing on the UPCoM with capitalisation value of VND 830 trillion, up 16 per cent compared to the end of 2017. Average trading value reached … [Read more...] about Hanoi Stock Exchange improves operation
Ha Noi Stock Exchange improves operation
The Ha Noi Stock exchange (HNX) has improved its share, bond and derivatives markets considerably in 2018 and will continue to enhance the markets’ operation next year. This year, HNX’s stock market saw increases in both scale and liquidity. As of December 15, HNX had approved the listing of seven firms with a registration value of more than VND1 trillion (US$8.1 million). Currently there are 374 firms listing on the northern exchange with market capitalisation of nearly VND190 trillion. Average trading value reached VND788 billion per session, up 28 per cent year-on-year. On the Unlisted Public Company Market (UPCoM), the number of listing firms and capitalisation value soared. As of December 12, there were 803 firms listing on the UPCoM with capitalisation value of VND 830 trillion, up 16 per cent compared to the end of 2017. Average trading value reached VND 374 billion per session, up 84 per cent against last year. UPCoM was first launched by HNX on June 24, 2009, to … [Read more...] about Ha Noi Stock Exchange improves operation
Stock exchanges slump amid correction
Shares on the country’s two stock exchanges succumbed to strong correction Thursday morning after a five-session rally came under heavy profit-taking pressure. Shares on the country’s two stock exchanges succumbed to strong correction Thursday morning, driven by bank and energy stocks. The benchmark VN Index on the HCM Stock Exchange dropped 0.11 per cent to close the morning session at 1,033.37 points. The HNX Index on the Ha Noi Stock Exchange was down by 0.97 per cent at 119.25 points. Nearly 130.6 million shares, worth VND3.1 trillion (US$135 million), were traded in the two markets during the morning trading session. The VN30 Index, which tracks the southern bourse’s largest stocks by capitalisation and liquidity, gained 0.04 per cent to end at 1,023.17 points. The banking and mining sectors were the biggest losers among 20 industries on the stock market. The two sectors posted decline rates of 0.88 per cent and 1.54 per cent, respectively, according to … [Read more...] about Stock exchanges slump amid correction
Ha Noi People’s Committee to offload entire stake in Vinawind
The Ha Noi Municipal People’s Committee will put up 6.7 million shares of Thong Nhat Electromechanical Joint Stock Company (Vinawind) for public auction on Ha Noi Stock Exchange on March 30. The move is part of its divestment plan for the 2016-20 period. The share offer accounts for 46.9 per cent of the company’s charter capital. Foreign investors are allowed to buy the entire share amount. At a starting price of VND42,400 (US$1.86) per share, the State is expected to collect more than VND284 billion from the auction. This is almost equal to its IPO (initial public offering) price of VND42,383 on March 17, 2015. Founded in 1965, Thong Nhat is a popular and long-standing brand name among the citizens of Ha Noi, along with Thuy Ta ice cream, Thuong Dinh shoes and Sao Vang (Golden Star) balm. Thong Nhat produces fans and household electrical equipment. Unlike many traditional businesses struggling in the face of stiff market competition, Vinawind has had stable business in the … [Read more...] about Ha Noi People’s Committee to offload entire stake in Vinawind
Shrimp exporter plans return to HCM Stock Exchange
Minh Phu Seafood JSC is seeking shareholders’ approval for a listing shuffle from the Unlisted Public Company Market (UPCoM) on Ha Noi Stock Exchange to HCM Stock Exchange this year following a good show of business in 2017. The decision for approval will be made at its 2018 shareholders’ meeting scheduled for March 9. Minh Phu Seafood JSC is known as Viet Nam’s king in shrimp production. It had voluntarily cancelled the listing on HCM Stock Exchange on March 31, 2015, for restructuring and to seek more capital from foreign partners. But the delisting did not help in raising more capital and the firm’s business went down. It incurred a loss of VND7 billion in 2015. However, it rebounded with a profit of VND82 billion in 2016 on a revenue of nearly VND12.1 trillion. The company planned its official return to the stock market with its listing on UPCoM last October. The stock with the sticker MPC has been consistently rising from VND79,000 (US$3.47) per share on … [Read more...] about Shrimp exporter plans return to HCM Stock Exchange
VN stocks advance further
The benchmark VN Index on the HCM Stock Exchange inched up 0.22 per cent to close at 1,052.46 points. It gained a total of 3.7 per cent last week.The minor HNX Index on the Ha Noi Stock Exchange was up 0.33 per cent to end at 121.15 points. The northern market index was up 1.5 per cent in the previous trading week.More than 204.6 million shares were traded on the two local exchanges, worth VND4.55 trillion (US$202.5 million).The market trading condition was quite balanced, with 214 gaining stocks against 210 declining ones and 110 stocks closing unchanged.Financial-banking, energy and real estate sectors were among those that boosted the local market on Monday morning.Gainers among those stocks included SaiGon-Ha Noi Bank (SHB), MBBank (MBB), Vietnam Investment Securities (IVS) and Viet Capital Securities (VCI), as well as insurer Bao Viet Holdings (BVH) and PetroVietnam Technical Services (PVS).On the other hand, food and beverage producers and construction companieswere the major … [Read more...] about VN stocks advance further
Việt Nam stocks expected to correct this week
Viet Nam’s benchmark VN Index has extended its growth for a fourth straight week, though recent market trading conditions suggest the benchmark index could struggle with rising selling pressures this week.The benchmark VN Index on the HCM Stock Exchange ended last week at 1,050.11 points, posting a weekly gain of 3.7 per cent.The minor HNX Index on the Ha Noi Stock Exchange finished Friday at 120.76 points and recorded a weekly growth of 1.5 per cent.The benchmark index has increased by 6.7 per cent since the beginning of the year, and 12.3 per cent since mid-September, while the northern market index has risen 3.3 per cent and 8.2 per cent during the same period.An average of more than 405.6 million shares, valued at VND9.27 trillion (US$412.2 million), were traded on the two local exchanges in each session last week.Also, market trading liquidity reached a record high on Friday, in terms of trading value, as VND11.9 trillion worth of shares were traded on both local … [Read more...] about Việt Nam stocks expected to correct this week
VN stocks up on insurance, finance; banks hit by profit-taking
The benchmark VN Index on the HCM Stock Exchange edged up 0.32 per cent to close at 1,026.21 points. It gained 1.01 per cent on Monday.The minor HNX Index on the Ha Noi Stock Exchange inched up 0.11 per cent to end at 121.21 points, extending growth from an increase of 1.81 per cent on Monday.More than 255.5 million shares were traded on the two local exchanges, worth VND5.44 trillion (US$242 million).Insurance-finance and energy stocks took turn to drive the market up on Tuesday morning with the two industry indices growing 3.3 per cent and 1.7 per cent, respectively, data on vietstock.vn shows.Top gainers among those firms included Bao Viet Holdings (BVH), BIDV Insurance Corp (BIC), PetroVietnam Gas (GAS), PetroVietnam Drilling and Well Services (PVD) and PetroVietnam Technical Services (PVS).Other sectors that saw share values up included property, securities and building materials production.On the opposite side, banking, rubber production and food and beverages were among those … [Read more...] about VN stocks up on insurance, finance; banks hit by profit-taking
VN stocks advance on banks and energy firms
The benchmark VN Index on the HCM Stock Exchange edged up 0.33 per cent to close at 1,016.04 points after having scored a total growth of 2.9 per cent last week.The minor HNX Index on the Ha Noi Stock Exchange gained 0.90 per cent to end at 119.98 points. It increased by 1.8 per cent last week.More than 183.4 million shares were traded on the two local exchanges, worth VND4.23 trillion (US$188.3 million).The market trading condition was quite balanced, with 205 advancing stocks against 197 decliners.Bank and energy stocks continued to drive the market upwards on Monday morning, boosted by expectations for good 2017[AC1] earnings results.The banking sector index rose 2 per cent, while that of the energy sector added 0.8 per cent, data on vietstock.vn shows.Gainers among the 11 listed banks included Eximbank (EIB), Bank for Investment and Development of Viet Nam (BID), MBBank (MBB), Sacombank (STB) and Asia Commercial Bank (ACB).Meanwhile, PetroVietnam Gas (GAS), PetroVietnam Technical … [Read more...] about VN stocks advance on banks and energy firms