News

Dividend and securities transfer taxes should be removed to encourage investors and help the stock market develop, said Viet Nam Association of Financial Investors.

These are some of the leading stories in the official Vietnamese press on Wednesday. Reuters has not verified these stories and does not vouch for their accuracy.

Foreigners boosted up their net buying Vietnamese shares on the Hochiminh Stock Exchange today and continued to buy slightly on Hanoi Stock Exchange.

The State Capital Investment Corporation (SCIC) will gradually take over capital management in State-owned groups and conglomerates commonly known as Corporations 90 and 91, established under decisions No. 90 and 91 of the Government.

The UPCoM-Index, the measure of 120 unlisted public companies, edged up today flowing suit official bourses with technical buying.

Vietnam’s State Securities Commission is working with 40 local broker houses to check their financial health in a step prepared for a series of new policies to be applied on the stock market.

Vietnam’s stocks rebounded strongly in late trading on technical buying as the VN Index fell to the lowest level in two months in the previous trading session.

Securities companies have been opening increased numbers of local branches and transaction offices despite a declining stock market and a lack of profits.

To date, total outstanding loans of Vietnam People’s credit funds were estimated at VND25.347Tln, equivalent to nearly 83% of the total deposits.