News

Foreigners were net buyers on both HOSE and HNX bourses today, mostly thanks to heavy net buying into VIC.

Vietnam National Assembly or the Congress passed state budget plan for 2012 this morning, in which it approved to spend VND100 trillion (11% the state budget expenditures) for debt and aid payments in 2012, increasing VND14 trillion from 2011.

The UPCoM-Index, the measure of 127 unlisted public companies, closed down today following the official Bourses.

Vietnamese stocks continued to fall today as investors cut losses seeing no signs of a sustainable rally for now and following massive sell-off on the global markets.

Foreigners continued to be net buyers on the primary bourse HOSE today, mostly thanks to heavy net buying into VIC, but they remained net sellers on the HNX for a seventh day in a row.

The Hochiminh Stock Exchange’s announcements showed that as many as 8 Deputy CEOs and CEOs of branch managers of 8 securities companies have stepped down in the past 6 weeks.

Vietnam is likely to reach a total export turnover of $95 billion for the year, based on the results of the past 10 months, Deputy Minister of Industry and Trade Nguyen Thanh Bien said.

Vietnamese stocks fell today as investors continued to sell shares across the board to cut loss on weak sentiment, liquidity shrank as most players stayed on the sidelines.

The UPCoM-Index, the measure of 127 unlisted public companies, closed up today despite losses in the official Bourses.