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.
The stock market inched higher on February 15 after a week closed due to Tet holiday, buoyed by gains in bank stocks.
The Ho Chi Minh Stock Exchange (HoSE) on January 4 announced that as of December 29, 2023, there had been 42 enterprises with capitalisation of over US$1 billion listed on the HoSE.
The market capitalisation of Vietnam’s stock market approximated VND6 quadrillion (US$246.7 billion) in 2023, rising 9.5% from and equivalent to about 62% of gross domestic product (GDP) in 2022, statistics show.
World Bank (WB) experts have suggested several things that Vietnam should do to attract foreign investment in the stock market at the recent Inter-Agency Seminar on Unlocking the Potential of Vietnam’s Capital Markets.
The Ministry of Finance has issued a new circular which aims to improve stock market transparency in Vietnam.
Vietnam is working hard to have its stock market upgraded from frontier status to an emerging market by 2025.
Foreign investors have increased their net buying since the end of September, indicating that they still see the bright prospects of Vietnam’s economy and find its stock market attractive in the medium and long term.
Global investors' attention is shifting to Vietnamese stocks, which have a higher long-term rate of return (ROR) than stocks in other emerging markets in the region and the world.