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British newspaper: Vietnam stocks will continue to prosper in 2022

According to the Daily Mail, the market is likely to prosper further next year when corporate profits in Vietnam recover strongly.



Investors monitor the stock price list on HOSE on April 16. (Photo: Hua Chung/VNA)

The Daily Mail (UK) recently published an analysis saying that Vietnam is one of the world's economic success stories.




Over a period of 30 years, Vietnam has accepted the private sector, established a stock market, benefited from the massive investment of large multinational companies and achieved high growth rates. annual economic growth from 7-8%.

Although there have been many challenges from the COVID-19 epidemic in the last three years, Vietnam's stock market has made a remarkable development. Most experts and managers believe that the stock market is facing great opportunities and has many motivations for development.




Vietnam has set a target of bringing the equity market to 85% of adjusted GDP by 2025 and 110% of GDP by 2030. For bonds, aim for 47% of GDP by 2025 and 58% of GDP by 2030. The growth rate of derivatives is 20-30%/year, the number of investors will reach 5% of the population in 2025 and 8% in 2030.

Vietnam's goal is to build the stock market into a medium and long-term capital channel, mainly for the economy, to support the commercial banking system or to integrate with the international market.



Vietnam's goal is to build the stock market into a medium and long-term capital channel, mainly for the economy, to support the commercial banking system or to integrate with the international market.

According to the article, despite being restrained by the COVID-19 pandemic like all other economies around the world, Vietnam's economy is getting back on track when restrictive measures to prevent the epidemic are lifted. The growth rate this year is forecast at just 1.5%, but the high pre-pandemic growth is forecast to return in 2022.




Vietnam's stock market is also among the best performing in Asia, up more than 30% this year despite a challenging economic backdrop.

Vietnam's stock market has experienced remarkable growth in recent years. According to the State Securities Commission, at the end of September, the stock and bond market in general reached 8,314,897 billion VND, equivalent to 133.83% of GDP, up 24.4% compared to the end of the year. 2020.

The stock market entered the fourth quarter with great excitement when the VN-Index continuously conquered new peaks and the liquidity also set a record, with a session reaching more than 2 billion USD.

One of the factors that positively impacted the market during this period was the strong participation of individual investors.


According to data of the Vietnam Securities Depository (VSD), by the end of October 2021, on the Vietnamese stock market, there were more than 3.86 million accounts opened, of which nearly 99% were accounts. Accounts are held by domestic investors (nearly 3.83 million accounts), about 1% is held by foreign investors (more than 38,700 accounts).

In the first 10 months of 2021 alone, there were nearly 1.09 million new accounts opened by individual investors, nearly triple the number of new accounts opened in the previous year.





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