Tag: Hose

Vietnam Economic Times / VnEconomy sought the perspectives of industry stakeholders on the recent upgrade of Vietnam’s stock market in terms of market reforms, capital inflows, and long-term growth prospects.

The official announcement of an upgrade of Vietnam’s stock market from Frontier to Secondary Emerging status comes at a time when new performance records are being constantly set.

The CIR (Cost to Income Ratio) at ten of the 17 banks listed on the Ho Chi Minh Stock Exchange (HoSE) fell in the first half of 2022. Of note, the CIR of Eximbank, Sacombank, and LienVietPostBank fell 17 per cent, 9.9 per cent, and 9 per cent, respectively, compared to the first half of 2021. While LienVietPostBank’s CIR fell to 35.5 per cent, Eximbank and Sacombank’s fell sharply but were still above 40 per cent.

Figures from BSC show that Vietnam’s stock market now has nine exchange-traded fund (ETF) certificates on HoSE. The total net asset value of these funds is estimated at $1.314 billion. Foreign ETFs, including ETF VNM and FTSE Vietnam, have performed worse than the VN-Index and domestic ETFs.

As of the end of September, there were 39 companies on the Ho Chi Minh Stock Exchange (HoSE) with a market capitalization in excess of $1 billion; two more than at the end of August.

Foreign investors net bought by some VND4.94 trillion ($215.15 million) on the Ho Chi Minh Stock Exchange (HoSE) during July.

The trading system at the Ho Chi Minh Stock Exchange (HoSE) has continually encountered “order congestion” since the end of 2020 as liquidity rises sharply. The Ministry of Finance (MoF) has requested an increase in the trading lot size to a minimum of ten shares and support for businesses to switch listings from the Hanoi Stock Exchange (HNX) to HoSE.