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Dec 27: Vietnam stocks fall for fourth straight day on eroding confidence

Vietnam stocks today December 27 extended its losing streak to four days, sinking VN-Index to a 32-month low and HNX Index to a new record low, as local investors kept selling off shares to avert risks arising from mounting pessimism of investors. Closing the trading session today, the VN Index, the benchmark measure of Hochiminh [...]

Vietnam to support the stock market in2012: finance minister

The Ministry of Finance (MOF) has a comprehensive solution to boost local stock market to propose to the government. The Ministry of Finance (MOF) has a comprehensive solution to boost local stock market to propose to the government, said Vuong Dinh Hue, Minister of MOF at a conference on Dec 24, adding that MOF will [...]

Downside risk seen clear this week: brokers

Securities enterprises are concerned that the market could suffer further falls in the coming time as it lost ground again with liquidity dipping last Friday. The markets ended the week on a low note with technical selling pressures still strong, with the VN-Index shedding 9.82 points, or 2.75%, from the previous week to close at [...]

Foreign portfolios investment stands at $7bil by end-2011: mof

Foreign portfolio investments (FPI) on Vietnam stock market stood at approx. USD 7 billion by the end of 2011, local online newspaper Dau Tu Chung Khoan (Securities investment) reported citing the Ministry of Finance source. Vietnam stock market has 1.2 million securities trading accounts, including more than 5,000 accounts of institutional investors, or 4% of [...]

HOSE appoints new CEO

Vietnam’s Minister of Finance decided to appoint Phan Thi Tuong Tam as Vice Chairman of the Board of Directors cum Chief Executive Officer (CEO) of The Hochiminh Stock Exchange (HoSE) from December 19, the bourse announced on December 26. Besides, the Minister also appointed Tran Dac Sinh as Chairman of the Board of Directors, and [...]

Dec 26: Vietnam stocks extend loss on fire sales

Vietnamese stocks kicked of the last trading week of the year 2011 in the red as both local and foreign investors were under pressure to sold shares to cut loss in a bad year, the HNX Index closed at the new lifetime low. The benchmark VN Index lost 3.53 points, or 0.99% to end at [...]

Power hike, inflation hit market

Year-end is the time when a range of economic indicators are announced, with profound impacts on the stock market. The information within the greatest impact on the domestic market last week was the announcment that Electricity of Viet Nam (EVN) had hiked electricity rates, effective immediately, by 5 per cent. News also hit the market [...]

Securities companies restructuring to rescue themselves

Securities companies have laid off a lot of officers in an effort to cut out waste in the organizations, to rescue themselves before the God saves them. Two years ago, securities investors once found it difficult to squeeze into the Dong Duong Securities Company’s (DDS) trading floor. There on the trading floor, people would feel [...]

Bank shares warming up

Recent information on the cooperation between international finance organizations and local banks (Credit Suisse with Sacombank or IFC with VIB) helped warm up the trading of bank shares on the market, according to the Vietnam Investment Review. Lately Saigon Thuong Tin Commercial JS Bank (Sacombank-STB) and Zurich-based Credit Suisse Bank signed a comprehensive cooperation agreement [...]

Dec 23: Vietnam stocks continue declining on local selling

Vietnam stocks continued declining today December 23 as local investors sold off shares on fears of continued decline weighed by growing inflation. Many full-year economic indicators, including CPI, are coming out and they herald a tough year ahead, he added, citing the reason for mounting pessimism of investors. Closing the trading session today, the VN [...]

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