The Ho Chi Minh City Stock Exchange (HOSE) should strive to meet international standards, Chairman of the HCM City People’s Committee Phan Van Mai said at a gong-beating ceremony to start the first trading session of the exchange after the lunar New Year holiday on February 8.

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.

Market capitalisation on the Ho Chi Minh Stock Exchange (HOSE) rose more than 42% year-on-year to VND5.8 quadrillion (US$254.83 billion) by the end of 2021, accounting for 92.77% of the previous year’s GDP.

The Vietnam Stock Exchange (VNX) made debut on December 11, on the basis of merging the Hanoi Stock Exchange (HNX) and the Ho Chi Minh Stock Exchange (HoSE).

Construction enterprises have reported divergence in the first half of 2021 as a sharp increase in raw material prices has put them under pressure.

The Ministry of Finance (MoF) plans to rearrange the securities trading market in a newly-promulgated Circular as a move towards the merging of the two national stock exchanges into one named the Vietnam Stock Exchange (VNX).

A number of bluechips became the cash magnets and helped the VN-Index of the Ho Chi Minh City Stock Exchange reach a new high of 1,410.04 points on June 29.

Despite Vietnamese companies’ total net profit growing 81% year-on-year in the first quarter, many still posted big losses.

Even though economic growth is expected to strongly recover this year as the pandemic has been contained, companies in many sectors have still lowered their profit targets.

The State Capital Investment Corporation (SCIC) plans to invest VND8 trillion (approximately US$345.6 million) in Vietnam Airlines JSC (HVN), the amount is equal to 25% of HVN’s charter capital.