Saigon Securities News Today

Foreign investors were net sellers on the Ho Chi Minh Stock Exchange (HoSE) to the tune of VND2,692 billion ($111 million) in the December 18-22 week.

Vietnam remains on the watch list for a possible reclassification from frontier to secondary emerging market status as the market has yet to meet the settlement requirements stipulated in the FTSE Equity Country Classification Framework.

The State Bank of Vietnam (SBV) on September 27 continued to offer 28-day treasury bills worth 20 trillion VND (833 million USD) through an auction.

Vietnam’s benchmark VN-Index lost 39.85 points, or 3.34%, to 1,153.1 on Monday, with up to 495 stocks falling, including 110 hitting their floor prices.

Vietnam’s benchmark VN-Index fell 19.7 points, or 1.62%, to 1,193.05 on Friday, the lowest since August 25, due to massive selloffs.

VIC, the stock of Vietnams largest private company Vingroup, was the driving force that helped the benchmark VN-Index close the August 7-11 week in the green.

Vietnam’s benchmark VN-Index lost 8.24 points, or 0.66%, to close at 1233.99 on Wednesday, ending its streak of three consecutive gaining sessions.

Many large firms have expressed an interest in investing in 27 projects in Khanh Hoa province, an economic hub in south-central Vietnam.

Vietnam’s benchmark VN-Index experienced a very positive trading week (July 10-14) with five consecutive gaining sessions and a strong increase in liquidity.

A series of healthtech startups have raised millions of dollars in quick time, showcasing the great post-Covid growth potential seen in Vietnam’s healthcare market, industry insiders say.