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.
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).
VOV.VN - Vietnamese economy is showing mixed signs of recovery, with growth forecast to reach 5.5% in 2024 and gradually rise to 6.0% by 2025, according to the latest World Bank Taking Stock bi-annual economic update released on March 23.
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.
The stock market capitalisation on the Ho Chi Minh Stock Exchange (HoSE) reached over VND5.22 quadrillion (US$208.5 million) in March of this year, marking a 3.1% increase from February and a substantial 23.1% increase from the end of 2023.
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.