chevrons

Back to Previous Page

Vietnam stock market daily trading value closes in on Singapore

Vietnam stock market daily trading value closes in on Singapore

The average daily securities trading value surged 5.6 times year-on-year in April to $725 million, nearly equivalent to that of Singapore, according to HSBC.

The lender said in a recent report that the figure, which far exceeds those of Malaysia and Indonesia, was due to the increase in new investors and recovery of the economy.

In March, the number of new trading accounts hit a record 113,900, taking the total to over 3.02 million.

The economic recovery is underpinned by strong FDI flows, improvements in the manufacturing segment and increased consumption, the report said.

The benchmark VN-Index has risen 12.9 percent in the year-to-date compared to 4.2 percent for Asia ex-Japan.

The index has repeatedly scaled new peaks this year after surpassing the psychological barrier of 1,204 points first reached in 2018.

HSBC expected the market to continue to rise in the absence of alternative asset classes and bank deposit rates in decline.

Though foreign investors have been pulling out of the stock market, HSBC said they would not be able to ignore Vietnam for much longer since it has proved to be one of the most resilient growth economies and 24 out of the 30 blue chips have still not reached the foreign cap.

Besides, despite rising to record levels, the VN-Index remains 5 percent lower than its five-year average level with a price-to-earnings ratio of 15.1.

 

Source: VnExpress

Related News & Insights
Find out more navigation_button
news

SAO PAULO, June 13 (Reuters) – Vietnam has been formally admitted as a “partner country” of the BRICS group of major emerging economies, Brazil’s government said on Friday, as the bloc presses ahead with an expansion push. Vietnam is the tenth nation to receive this status, which allows invited countries to participate in BRICS summits […]

Read Newsarrow
news

US Tariff updates – The U.S. has yet to close a single trade pact with any of the 90 countries it is currently negotiating with – China remains a stalemate, and every passing day shifts leverage toward nations prepared to act. Vietnam is seizing that window. • US $3 billion in new MoUs for American […]

Read Newsarrow
news

Vietnam’s Tourism Advisory Board (TAB) has proposed a new long-term visa scheme aimed at attracting international experts, high-net-worth individuals, and skilled professionals. The proposal suggests introducing a “Vietnam Golden Visa” valid for five to ten years and renewable, offering a significant extension compared to the current one- to two-year visa options. There are 3 main […]

Read Newsarrow
Find out more navigation_button