News

The Hochiminh Stock Exchange said it will introduce VND30 index from February 6 this year and planned the timeline as follows:

There will still be many difficulties for Vietnam stock market in the year 2012 as it takes time for macro economy to have positive changes as a result of government’s stabilization policies.

The State Capital Investment Corporation (SCIC) planned to invest VND4 trillion in 2012, state-run online newspaper VnEconomy quoted SCIC’s representative as saying at a year-end meeting.

With its extremely cheap stocks on offer, Vietnam, rather than Indonesia, will be a great place to invest in this year, according to Forbes Magazine.

Foreigners kicked off the opening session of the new Lunar Year in the position of net buyers on both HOSE and HNX on Monday. Level of participation plunged.

The Hochiminh Stock Exchange announced 30 stocks in the VN30 index and 10 stand-by ones as follows:

The UPCoM-Index, the measure of 127 unlisted public companies closed up on the first session of the Lunar New Year on Monday following the official bourses.

Vietnamese stocks surged in the first trading session of the new Dragon year as investors picked up shares on hope of a better year with the government’s focus on stabilizing macro economy. Many stocks hit the ceiling of the day.

Total outstanding loans of the whole banking system as of December 21, 2011 were estimated to climb by 0.77% on-month and up 10.9% from end-2010.