VOV.VN - Minister of Finance Ho Duc Phoc and Second Minister for Finance of Singapore Chee Hong Tat witnessed the signing ceremony of a Memorandum of Understanding (MoU) between the Vietnam Stock Exchange (VNS) and the Singapore Exchange (SGX) after their working session held on August 5.
Leading investment fund VinaCapital remains confident in the Vietnamese stock market in the last months of this year despite foreign investors’ heavy net selling.
The Vietnamese stock market has evolved significantly from its earlier rudimentary state.
The Hanoi People's Court on July 22 opened a first instance trial for 50 defendants in a case occurring at FLC Group Joint Stock Company.
Foreign investors have been strongly net selling on the domestic stock market, focusing on many blue-chip stocks, putting pressure on the market's sentiment. However, this net selling and capital withdrawal by foreign investors is not yet a worrying trend.
Some 424 out of 708 listed companies on the Hanoi and Ho Chi Minh stock exchanges surveyed have complied with information disclosure norms, 60 more than last year, a survey by the 2024 IR Best Practice Awards programme has found.
The Vietnam Stock Exchange (VNX) reported a decrease of 11% year-on-year in net revenue to more than VND3 trillion, according to the audited consolidated financial statements for 2023.
Singapore’s maritimefairtrade.org recently published an article on the recovery of the Vietnamese economy, citing the latest World Bank Taking Stock bi-annual economic update with growth forecast to reach 5.5% in 2024 that will gradually rise to 6% by 2025.
Foreign investors have net sold Vietnamese stocks on HoSE with a value of VND58 trillion (over US$2.3 billion) since the beginning of 2023, indicating a prevailing trend of net selling in the Vietnamese stock market.
Amid the surging wave of telecommunications and technology stocks on the Vietnamese stock market, Viettel Global Investment JSC (VGI) has emerged as a rising star, capturing significant attention as its stock price relentlessly climbs to record levels.