VOV.VN - A number of domestic and international experts are set to gather at the Vietnam Artificial Intelligence Day (AI4VN 2024) slated for August 23 in Hanoi to discuss the topic on Generative AI.
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 number of newly opened securities accounts in Vietnam saw a substantial increase last month, reversing the previous decline in April, according to the Vietnam Securities Depository and Clearing Corporation.
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.
A report on the food and beverage business in Vietnam in 2023 found that Vietnamese spend up to VND70,000 on each visit to a café.
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.
The stock market inched higher on February 15 after a week closed due to Tet holiday, buoyed by gains in bank stocks.
Listed companies’ earnings growth is expected to recover from zero last year to 10-15% this year, but with a wide variation between sectors, according to Michael Kokalari, a chartered financial analyst and chief economist at VinaCapital.
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.