Logo of Phnom Penh Post newspaper Phnom Penh Post - VN’s daily stock trading value ASEAN’s No2

VN’s daily stock trading value ASEAN’s No2

Content image - Phnom Penh Post
Vietnam’s online businesses will involve more economic sectors and more big players in the years to come. VIETNAM NEWS AGENCY

VN’s daily stock trading value ASEAN’s No2

The average daily trading value on Vietnam’s stock market has reached more than 30.84 trillion dong ($1.34 billion) per session so far this year, up 15.9 per cent from last year’s figure and now the second largest in ASEAN, only after Thailand, according to the Ministry of Finance.

By the end of March, the market size had risen by 3.37 per cent from last year to close to 1.8 trillion dong, equivalent to 21.4 per cent of the gross domestic product (GDP). There are 768 securities and fund certificates listed on the Ha Noi Stock Exchange (HNX) and the Ho Chi Minh City Stock Exchange (HoSE), while 883 others are listed on the Unlisted Public Company Market (UPCOM).

The number of securities accounts is on the rise, with more than 676,600 newly opened in the first quarter of 2022, almost equal to the 2021 figure. Total accounts have exceeded 4.98 million so far, an increase of 15.7 per cent compared to the end of last year.

However, shares have been suffering decline over the last several weeks because of negative rumours in the real estate and securities sectors coupled with rising political tensions globally. The benchmark VN-Index closed at 1,406.45 points on April 19, 6.1 per cent lower than last year’s end. Similar trends have been observed elsewhere worldwide, notably in major markets like the US, Germany, South Korea, France, and Japan.

The Ministry of Finance has requested the State Securities Commission (SSC) to accelerate the improvement of related regulatory framework and finalise the strategy for the development of the stock market by 2030 to further enhance its transparency and promote stable growth.

The SSC has also been tasked to increase inspection, get tough on violators, and foster restructuring in securities and fund management firms.



  • Hong Kong firm done buying Coke Cambodia

    Swire Coca-Cola Ltd, a wholly-owned subsidiary of Hong Kong-listed Swire Pacific Ltd, on November 25 announced that it had completed the acquisition of The Coca-Cola Co’s bottling business in Cambodia, as part of its ambitions to expand into the Southeast Asian market. Swire Coca-Cola affirmed

  • Cambodia's Bokator now officially in World Heritage List

    UNESCO has officially inscribed Cambodia’s “Kun Lbokator”, commonly known as Bokator, on the World Heritage List, according to Minister of Culture and Fine Arts Phoeurng Sackona in her brief report to Prime Minister Hun Sen on the night of November 29. Her report, which was

  • NagaWorld union leader arrested at airport after Australia trip

    Chhim Sithar, head of the Labour Rights Supported Union of Khmer Employees at NagaWorld integrated casino resort, was arrested on November 26 at Phnom Penh International Airport and placed in pre-trial detention after returning from a 12-day trip to Australia. Phnom Penh Municipal Court Investigating Judge

  • Sub-Decree approves $30M for mine clearance

    The Cambodian government established the ‘Mine-Free Cambodia 2025 Foundation’, and released an initial budget of $30 million. Based on the progress of the foundation in 2023, 2024 and 2025, more funds will be added from the national budget and other sources. In a sub-decree signed by Prime Minister Hun Sen

  • Two senior GDP officials defect to CPP

    Two senior officials of the Grassroots Democratic Party (GDP) have asked to join the Cambodian People’s Party (CPP), after apparently failing to forge a political alliance in the run-up to the 2023 general election. Yang Saing Koma, chairman of the GDP board, and Lek Sothear,

  • Cambodia's poverty cut in half from 2009 to 2019: World Bank report

    A report published by the World Bank on November 28 states that Cambodia’s national poverty rate fell by almost half between 2009 and 2019, but the Covid-19 pandemic recently reversed some of the poverty reduction progress. Cambodia’s poverty rate dropped from 33.8 to 17.8 per cent over the 10