Update: April, 29/2021 - 08:51 | A customer buys gold at Bảo TÍn Minh Châu Gold Firm in Hà Nội. Việt Nam Gold Trading Association (VGTA) has proposed the establishment of a national gold exchange. VNA/VNS Photo Danh Lam HÀ NỘI The Việt Nam Gold Trading Association (VGTA) has proposed the establishment of a national gold exchange in Hà Nội or HCM City. The move aims to create a link between domestic gold prices and international gold prices, VGTA said. This will help eliminate illegal gold trading floors, increase the mobilisation of gold from the people, reduce cash transactions and prevent tax losses to the State.
Update: April, 05/2021 - 09:23 | Việt Nam achieved a trade surplus of US$19.1 billion last year, the highest in five years, after exports rose by 6.5 per cent to $281.5 billion. Photo tinhoa.net
Compiled by Thiên Lý The State Bank of Việt Nam’s reference exchange rate for the US dollar fell by 0.1 per cent at the end of 2020. Analysts expect the greenback to weaken further this year. The US’s Federal Reserve plans to keep its rates near zero per cent until at least 2023 and allow a period of higher inflation, which is going to keep the dollar weak in 2021, according to VNDirect.
Time for a stock market overhaul 09:54 | 16/03/2021
The overload technical issues of the Ho Chi Minh City Stock Exchange have been a subject of controversy over the past few weeks, with the blame being attributed to poor management and incompetence of an age-old technology. But what will be the way out?
Vietnamâs stock exchange operations have barely been modernised over past decades. Photo: Le Toan
A flood of individual investors has led to outages and trading overload issues for the Ho Chi Minh City Stock Exchange (HSX), with service disruptions coming during a period of frenetic trading.
Appetite for a better trading infrastructure has been seriously hampered by repeated problems which have not been addressed over the years. These outages generate inevitable criticism among traders and call into question the stability of the functionâs capacity.
Investors face losses with bigger stock market trading lot
By Dat Nguyen March 6, 2021 | 11:29 am GMT+7
An investor looks at stock prices on a laptop at a brokerage in Ho Chi Minh City. Photo by VnExpress/Quynh Tran.
Small investors could lose hundreds of millions of dong (VND100 million = $4,300) if they are unable to sell their shares when the minimum trading lot is raised to 1,000.
Since the Ho Chi Minh Stock Exchange (HoSE) raised its minimum trading lot from 10 to 100 earlier this year, Duy Duc in Hanoi has not been able to sell 90 shares that are now worth around VND7.4 million ($319).