Domestic individual investors hold more than 7.98 million accounts for securities trading, as of the end of June, or 8 per cent of Việt Nam’s population, according to statistics from the Việt Nam Securities Depository and Clearing Corporation.
To ensure the safe, stable and smooth operation of the securities market, the State Securities Commission has instructed the company to ensure the security and continuous operation of its information technology systems and backup databases.
Securities companies must strictly manage securities trading deposits of investors, must not carry out activities that make investors understand that they mobilise deposits.
Fiin Ratings attributed the banks’ negative results in securities trading and investment to the interest rate hike, the exchange rate uncertainty, the sharp decline of stock indices and the ‘freezing’ of the corporate bond market.
Some businesses have d websites and trading applications, such as Passion Invest, Finhay, Tikop, Infina, Savenow and BUFF, to raise capital under unlicensed business cooperation contracts.
The Vietnam Securities Depository (VSD) in August issued securities trading codes to 296 foreign investors, the highest recorded within eight months and down 8.6 per cent over the same period last year.
A draft circular on the guidelines for securities trading is in line with modern trends, perfecting financial products and their diversities, adjusting trading time to suit the needs of domestic and foreign investors.
Trading on the Vietnamese securities market is essential and will not be disrupted under any circumstances during the fight against COVID-19, the State Securities Commission (SSC) said on Tuesday.
More than 350 foreign investors were granted securities trading codes in April, bringing the total number of foreign investors able to participate in the Viet Nam’s securities market to nearly 30,240.
About 190 foreign investors were granted securities trading codes in February, bringing the total number of foreign investors participating in Viet Nam’s securities market to 29,454, according to statistics of the Viet Nam Securities Depository (VSD).
Total lending of the banking sector for securities trading has reached VND10 trillion (US$444.4 million), according to State Bank of Viet Nam (SBV) governor Le Minh Hung.