The elevation of the stock market to "emerging" status can help Vietnam attract an additional US$10 billion in both direct and indirect investment, KB Vietnam Securities JSC (KBSV) reported, citing the World Bank (WB).
The Supreme People's Procuracy has recently issued an indictment prosecuting 51 defendants in the case of stock market manipulation related to the FLC Group Joint Stock Company.
Vietnam remains in the watch list for a possible reclassification from frontier to secondary emerging market status, according to FTSE Russel’s Country Classification review in March.
The stock market in Vietnam is expected to gain popularity among domestic individual investors due to its accessibility, profit potential, and demographic and income level improvements.
Vietnam will experience a breakthrough in foreign direct investment (FDI) attraction to the fields of technology, renewable energy, health, banking and real estate, according to world media.
Vietnam stocks are among the best performers in Southeast Asia to start 2024, and the VanEck Vietnam ETF (VNM) is participating in the rally, reported the US’ etftrends.com on March 19.
Minister of Finance Ho Duc Phoc chaired an investment promotion conference themed “Vietnam – Investment Destination” in Tokyo on March 12, which drew representatives from leading Vietnamese and Japanese financial institutions, banks, life insurance corporations, investment funds, and securities companies.
VOV.VN - Prime Minister Pham Minh Chinh chaired a conference to perform the task of developing the stock market in the year ahead, with the event jointly organized by the Ministry of Finance and the Government Office on February 28 in Hanoi.
The Investigation Police Agency of the Ministry of Public Security has forwarded the file of the case of stock market manipulation related to the FLC Group Joint Stock Company to the Supreme People's Procuracy, recommending the prosecution of 51 defendants in the case.
The Vietnam Stock Exchange (VNX) reported revenue of over VND1.92 trillion (US$78.26 million) in 2023, down nearly 44% compared to the previous year.