Nov 3: Vietnam stocks close mixed, liquidity falls on caution

Vietnamese stocks ended mixed and liquidity fell sharply as both buyers and sellers were cautious amid lack of market driving news. The benchmark VN Index added 0.65 point, or 0.15% to end at 408.44. Volume fell 12.1% to 27.8 million shares worth VND460.5 billion including 5.8 million shares worth VND145.7 billion changed hands in the [...]

Eighteen listed securities brokers post 1.352tr dong losses in Jan-Sept.

So far, all 27 listed securities companies have announced their business results for the Q3 and the first nine months of this year with more satisfactory figures as the number of losers and total losses decreased from the previous quarter. Totally, 11 securities companies reported total after tax loss of 295 billion dong in Q3. [...]

Bad debts of securities companies to be regulated

The State Securities Commission of Vietnam should promulgate detailed regulations on bad debts of securities companies with many similarities with those for banks, according to Dau Du Chung Khoan (Securities Investment) newspaper. Currently, the existing debts from old margin transactions coupled with potential risks arising out of new ones may give a rise to surging [...]

Nov 3: Vietnam stocks close down as demand falls

Vietnamese stocks ended down for a second day as demand fell on fears of further decline. The benchmark VN Index lost 6.03 points, or 1.45% to end at 407.79. Volume fell 29.6% to 31.6 million shares worth VND490.9 billion including 7.1 million shares worth VND145 billion changed hands in the put-through deals. VN Index opened [...]

VinaCapital to continue investing in unlisted firms

VinaCapital will not buy into more listed stocks, this portfolio has accounted for only less than 5% of its total assets, Andy Ho, Chief Executive Officer and Head of VinaCapital’s Investment Department has said recently. “VinaCapital’s goal is still to invest in unlisted companies”. VinaCapital will continue to disburse from $10 million to $40 million [...]

Merger of two stock exchanges likely

A project to merge the nation’s two stock exchanges has been mapped out and it will go before the Ministry of Finance at the end of the year, said the State Securities Commission (SSC). Nguyen Son, head of the SSC’s Stock Market Development Department, said the project was part of a broader plan to restructure [...]

Vietnam Military Bank unchanged in Vietnam’s biggest 2011 listing

Military Commercial Joint-Stock Bank closed unchanged on its first day on Vietnam’s Ho Chi Minh City Stock Exchange after listing 10.07 trillion dong ($479.4 million) of shares in the nation’s biggest listing this year. The company’s 730 million shares on the country’s main bourse closed at 13,800 dong after rising as high as 14,500 dong [...]

Oct 31: Vietnam stocks end the day and month down

Vietnamese stocks closed down for the day as traders took quick profit with “safety first” in mind amid lack of supportive news, sending the benchmark to end October in the red. The benchmark VN Index lost 1.26 points, or 0.3% to end at 420.81. Volume fell 10.7% to 32.6 million shares worth VND566.1 billion including [...]

Three VFM funds post nearly 260b dong net disbursement in Q3

As of September 30, 2011, the total cash of VF1, VF4 and VFA was about 200 billion dong, down 56% from June 30, 2011 due to these funds boosted disbursements on listed shares. Vietnam Fund Management Joint Stock Co (VFM) has recently reported the operation of its funds in Q3, including five funds namely VF1, [...]

At least 40 companies reach their business targets in Q3

While many enterprises are still facing many hardships and have to reduce business plan, many other firms have achieved their business targets ahead of time with impressive figures. Basing on figures announced by enterprises, there have been nearly 40 companies have reached their business plans. Prominently, amongst listed companies that fulfilled the year’s business target [...]

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