HCM CITY (Biz Hub) — Vietcombank Securities Company and the University of Economics HCM City on Monday began a stocks investment contest for university students for which the former will provide a sum of money to each contestant for investing.

From a qualifying round, 12 teams of three to five member will be selected given two days' training plus VND10 million (US$480) to trade securities.

Those with good portfolios will get an additional VND30 million ($1,440) if they wish to trade further.

The contestants have to make their investments between October 20 and November 14, and on the final day the securities must be sold to assess the profit or loss.

VCBS will take back the principal amounts while the students can keep any profits they make. But losing teams are not required to compensate VCBS for the losses.

Some 5,500 students from six universities have registered to participate. — VNS