At least around seven billion shares issued as dividends, under employee stock ownership plans and public issuances by banks are expected to enter the stock market in the two remaining quarters of the year.
Despite chronic overloading on the Ho Chi Minh Stock Exchange recently, a series of stocks are still making their way to the main bourse in March, putting more pressure on the exchange.
The entry of foreign securities companies has sharply raised the quality of services and technology in the market. But for all their success, the number of foreign brokerages has been increasing at a snail’s pace.
Since the beginning of this year the shares of many banks have appreciated significantly, with the increases ranging from 8 per cent to even 80 per cent.
Viet Nam International Joint Stock Bank (VIB) will trade 564.4 million shares on the Unlisted Public Company Market (UPCoM) on January 9, according to the Ha Noi Stock Exchange.
Vietnamese shares ended mixed yesterday as investors remained cautious
ahead of the decision to be made by the US central bank on this year''s
interest rate.
Under Prime Minister Decision No. 48/2013/QD-TTg of August 1, the State
Bank of Viet Nam (SBV) will be empowered to acquire shares of banks
placed under special control.