If each trading account corresponds to one investor, domestic individual investors now account for 7.5 per cent of Việt Nam''s population participating in the stock market.
All transient negative factors have already abated or are easing, and the prospects for higher Vietnamese stock prices in the months ahead are supported by rebounding earnings growth, a rebounding economy, and the market’s cheap valuation, according to VinaCapital.
The stock market remains firmly on the growth path in the long term because of the country’s consistently strong economic growth, big foreign investment, attractive valuations, and the high earnings growth expected for listed firms, according to VinaCapital Group.
The Vietnamese stock market witnessed a strong correction recently, mainly due to international macroeconomic factors, including global soaring inflation and the US Federal Reverse rate hikes.
The Vietnamese stock market has been rising to historical levels in terms of points and liquidity, still has huge growth potential and could even be at the beginning of a multi-decade surge.
The Vietnamese stock market has flourished amid global uncertainties due to the COVID-19 pandemic, said Tran Van Dung, Chairman of the State Securities Commission (SSC).