Borrowing US$5 billion to invest in stocks: worries behind the record Chia sẻ | FaceBookTwitter Email Copy Link Copy link bài viết thành công 15/07/2021
11:40 GMT+7 The number of newly-opened securities accounts opened in the last 18 months is equal to the total number of the previous 20 years. “The price of stocks is skyrocketing. We see big profits from investing in stocks but we cannot borrow more money," Mr. Nguyen Tan Duong said after the brokerage of a securities company informed him that he could not borrow more money under the law (maximum loan is twice over equity). ‘Running out of money for lending clients’ is the common situation of many securities companies. Believing that the Vietnamese stock market has very good prospects, Duong wants to increase financial leverage, and pour money into securities and banking stocks to increase profits. And Duong's solution was to open more accounts in two different securities companies in the first week of June to promote investment activities.