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Showing posts with label stock exchange. Show all posts
Showing posts with label stock exchange. Show all posts
Wednesday, January 17, 2007
Stock market will develop but not make rapid leaps: expert
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Mr Nghia started the interview with the press by saying that the stock market will see further increases. The P/E (price on equity) index is now 38, quite high if compared to the normal level (12-17 times higher). However, the stock market will still see further increases since Vietnam is an emerging market, while the international capital flow is moving towards Asia. A watchdog specializing in supervising the financial market will be set up in the near future, which will not directly interfere in the market, but will only support the market development. Vietnam’s stock market has not been so hot that it needs to be restrained. Do you mean that Vietnam will have a watchdog to supervise financial activities? The Government plans to set up a committee in charge of supervising the financial market operation (securities, banking and insurance). The committee will take remote supervision over the management agencies like the Ministry of Finance and the State Bank of Vietnam (SBV). SBV is also considering setting up a supervision and inspection agency, which will be the result of the reunification of the departments with the same functions. Is it true that the establishment of the financial supervision committee aims to receive the new capital flows and assist the development of the stock market? The international capital is now flowing into Asia. In Asia, China and Vietnam prove to be the two most attractive destinations. Vietnam’s stock market will develop quickly for two reasons. First, Vietnam plans to equitze 70 groups and big generations. If one third of the 70 units list on the bourse, it would be enough to make the total supplies in the market increase sharply. I think this will happen from July towards the years end. The profuse supplies will make the market less hot. Second, there will be several hundreds of foreign investors coming to Vietnam. Many famous financial consultancy groups and banks will be present on the market. Their clients are big investors, who will ask them to do research about Vietnam. There will be a big capital flow into Vietnam’s securities. The stock market will develop strongly, and it will need to be supervised in order to avoid sudden changes, that can cause shocks. You seem to be very optimistic. But why does SBV plan to control the commercial banks that make investment in securities if you believe that the stock market will develop? The Government has been aware of the need to keep the stock market in stable operation. Any troubles in the stock market will directly influence the monetary market. It is the SBV’s task to guarantee the capital raised from the public. Commercial banks have been advised to think carefully before making decisions on funding securities trading deals. For example, when the P/E is three times higher than the normal level, banks should give the loans valued at 1/3 of the securities’ market values. If banks keeps cautious with the loans mortgaged by securities, it would be safer for investors, the stock market and banks as well. Do you mean that SBV will not ask banks to tighten the funding of securities trading deals? No, not to tighten the loaning to securities traders, but to protect them, give advice in order to avoid risks. Foreign investors always are methodical when making investments, even if they just make short term investment. Meanwhile, domestic investors buy or sell securities just by feelings or follow the moves of someone else. It is very risky. Will the Government consider raising the maximum foreign ownership ratio in local banks from the current 30% limit? From April 2007, foreign bankers will have the right to set up 100% foreign owned bank entities in Vietnam. However, I think that many foreign banks will be set up in the first years after Vietnam joins the WTO as they still expect that the 30% foreign ownership ratio will be raised. You may see that the current laws allow local banks to get M&A (merge and acquisition), but aim to prevent foreign banks from swallowing domestic banks. | ||
Source: Thời báo Kinh tế Sài Gòn |
Monday, January 8, 2007
Vietnam stocks hit new high
Vietnam’s stock market index soared 3.51 percent to close at a new lifetime high on Friday as blue chips made all-around gains.
The VN-Index rose 28.57 points to 817.39, beating the record of 809 set on December 20, with 67 gainers and 20 losers.
Trading volume jumped by 2 million shares to 7.9 million shares. Total value rose to VND898 billion (US$55.5 million) from VND668 billion.
Hanoi-based infrastructure developer SJS became the first stock to cross the VND600,000 mark, hitting the 5 percent ceiling to close at VND604,000.
IT developer FPT also rose 5 percent to close at VND495,000.
Other heavyweights to gain 5 percent were REE which closed at VND326,290, GMD which closed at VND396,720, and VNM which closed at VND632,890.
Analysts attributed the sharp rise to positive news about the future of the market.
Nguyen Van Dung, director of the Hanoi Securities Trading Center, added that foreign portfolio inflows into the market had jumped because of optimistic forecasts on the country’s economy and stock exchange by international financers like Merrill Lynch and Credit Suisse.
But he warned that a steady market needed experienced investors who were not driven by the “herd instinct”.
Compiled by Dong Ha
Tuesday, January 2, 2007
BBC: Listing and trading additionally issued stocks
Name of Listed Company: BIEN HOA CONFECTIONERY CORPORATION (BIBICA)
Add: Bien Hoa 1 Industrial Zone,
Tel: 84.61. 836576; Fax: 84.61.836950
BIBICA will list and trade the additionally issued stocks according to Decision No. 523/QD-UBCK dated October 25th, 2006 issued by the Chairman of the State Securities Commission in HOSTC.
Stock symbol: BBC
Stock type: Common Stock
Par value: VND10,000
Registered volume to issue: 1,447,426 shares
Total of the mobilized capital: VND14,474,260,000
Additional listing date: October 25th, 2006
Bonds worth $15 million sold in closed bidding
The Government and HCM City yesterday sold nearly US$15 million worth of bonds through a closed bidding process.
Of VND300 billion ($18.8 million) worth of State Treasury bonds offered for tender, only 63 per cent, worth VND190 billion ($11.88 million), were sold.
This Government bond issue marked the 26th issue of State Treasury bonds this year.
The HCM City Urban Development Fund sold out all of VND50 billion ($3.1 million) worth of bonds it offered for bid.
Both types of bonds have a face value of VND100,000 ($6.25) each, carry terms of five years, and pay interest annually of 8.2 per cent per year for the State Treasury bonds and 8.8 per cent per year for the municipal bonds. Both types of bonds will be listed for subsequent trading on both the Ha Noi and HCM City markets.
Government bonds sold earlier this year successfully mobilised trillions of dong to meet economic development and budgetary needs, a trend the State Treasury expected would continue, the Ministry of Finance announced.
The Ministry of Finance hoped to develop a deeper and more liquid bond market over the next few years.
Source: Vietnam News
Six More Businesses List Shares on Ho Chi Minh City Bourse
(SGGP-Daily) Six businesses yesterday made their first public offering on the Ho Chi Minh City Securities Trading Centre (HSTC), increasing the exchange's overall value up to VND 14.5 trillion (over US$900 million).
The businesses included the Binh Dinh Minerals Joint-Stock Company (with the share code BMC), the DIC Investment & Trading Joint-Stock Company (DIC), the Petrolimex Joint Stock Tanker Company (PJT), the Safoco Food and Foodstuff Joint Stock Company (SAF) and the SaiGon Fishing Net Joint Stock Company (SFN).
As many as 100 companies and two funds are now listed on the Ho Chi Minh City Securities Trading Centre.
The VN Index yesterday lost 0.82 point to close at 753.81 points with the total trading value reaching VND511.7 billion, a slightly decrease of 20% over the previous session.
Monday, January 1, 2007
What are penny stocks?
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Vietnam stock exchange halts trade after "a small technical error
Trade was halted after the first order matching as the error emerged in data transmitted from the centre to securities companies.
"It is a small technical error in the system but we have to stop," Ho Chi Minh City Securities Trading Center director Tran Dac Sinh said.
Trade should be resumed on Monday.
Source: Reuters
"It is a small technical error in the system but we have to stop," Ho Chi Minh City Securities Trading Center director Tran Dac Sinh said.
Trade should be resumed on Monday.
Source: Reuters
Friday, December 29, 2006
HCM City stock exchange ups ante
HCM CITY — Onlycompanies with at least VND80 billion (US$5 million) in authorised capital will
be allowed to list in HCM City.
State Securities Commission Chairman Vu Bang told reporters on the sidelines of a Listed Company Club and investors’ meeting last Saturday in HCM City that a draft decree to guide the Securities Law had been submitted to the Government.
Under the decree, expected to be approved early next year, companies already listed but with less than
VND80 billion equity would have two years to increase their capital failing which they would be moved to the Ha Noi exchange.
Bang said the HCM City bourse would target major institutions in industries like banking, insurance,
and telecom.
FPT lists this week
The Vietnamese markets moved erratically during the past week but with more ups than downs, propelled
by the impending listing of several blue chips.
The VN Index closed almost 65 points higher at 696.12 even though two out of the three trading sessions
last Friday were cancelled due to technical problems at the HCM City Securities Trading Centre.
The Corporation for Financing and Promoting Technology (FPT) will list in HCM City on Wednesday.
FPT is a market leader in systems integration, mobile phone distribution, software production, and telecom
and internet services. It recently opened a software engineering university.
Big names like Intel Capital and Texas Pacific Group have invested US$36.5 million in FPT, whose
equity capital now stands at over VND608 billion ($38 million). Its shares were traded unofficially at 20 times their face value.
It will be followed the next day by Thu Duc Housing Development Corporation (TDH). With capital of
VND170 billion ($10.6 million) it will be the first property company to list. It is owned by various institutional and individual investors including major companies like the HCM City Securities Company, Saigon Securities Inc, Amersham Industries Ltd, and Vietnam Dragon Fund Ltd.
The Hong Kong and Shanghai Banking Corp rates TDH as one of Viet Nam’s top 15 blue chip companies.
The 16-year-old joint-stock company has invested in more than 30 housing projects including An Phu and Binh An, and has eight others under construction, including Cantavil and Hiep Phu.
It is also a major financial investor with VND250 billion ($15.6 million) in Phuoc Long Textile Joint Stock Co., HCM City Housing Development Bank, and Prudential Balanced Investment Fund 1. Its chairman, Le Chi Hieu, said the company would begin to offer new services like property management and brokerage.
It made a profit of VND38 billion ($2.7 million) last year and VND40 billion in the first three quarters
this year.
Securities firm to debut
Saigon Securities (SSI), among Viet Nam’s first securities companies, will this Friday become the first
company from the industry to list on the Ha Noi Securities Trading Centre.
SSI has an equity of VND500 billion ($31.25 million) and total assets of over VND2.5 trillion ($156.25 million).
It services over two-thirds of all foreign stock market investors and consulted for 17 major companies listed in HCM City.
It expects net profits this year of VND148 billion ($9.25 million) and VND302 billion next year, and to
pay annual dividends of 30 per cent until 2009. — VNS
see details: VietNam News
Hanoi Securities Trading Center
List of Vietnamese companies - Stock Exchange
Stock Exchange
This is a list of companies that are listed on the Ho Chi Minh City Securities Trading Center and Hanoi Securities Trading Center.
A- ACB: Asia Commercial Bank (aka ‘ACB’)
- AGF: An Giang Fisheries Import & Export Joint Stock Company (aka ‘Agifish Co.’)
- ALT: ALTA Company
- Advertising Company-
XPR CAMPAIGNS_ Marketing and Communication
B
- BBC: Bien Hoa Confectionery Corporation (aka ‘Bibica’)
- BBS: But Son Cement Packing Joint Stock Company
- BBT: Bach Tuyet Cotton Corporation
- BMP: Binh Minh Plastic Joint Stock Company
- BPC: Bim Son Packaging Joint Stock Company
- BT6: Chau Thoi Concrete Corporation No.620 (aka 620 – CCC)
- BTC: Binh Trieu Construction And Engineering Joint Stock Company
C
- CAN: Halong Canned Food Corporation (aka ‘Canfoco’)
- CID: Construction & Infrastructure Development Joint Stock Company
- CII: Hochiminh City Infrastructure Investment Joint Stock Company
- COM: Comeco Joint Stock Company
- CTB: Hai Duong Pump Manufacturing Joint Stock Company
- CYC: Chang Yih Ceramic Joint Stock Company
- CLC: Cat Loi Joint Stock Company
D
- DAC: Dong Anh Ceramic Joint Stock Company
- DCT: Dong Nai Roofsheets and Construction Materials Joint Stock Company (aka ‘Donac’)
- DHA: Hoa An Joint Stock Company
- DPC: Da Nang Plastic Joint Stock Company
- DXP: Doan Xa Port Joint Stock Company
F
- FMC: Sao Ta Foods Joint Stock Company (aka ‘Fimex VN’)
- FPC: Full Power Joint Stock Company
G
- GHA: Hai Au Paper Joint Stock Company
- GIL: Binh Thanh Import Export, Production And Trade Joint Stock Company (aka ‘Gilimex’)
- GMD: General Forwarding & Agency Corporation (aka ‘Gemadept’)
- G7 Mart: G7 Trading & Service Company Limited.,
H
- HAP: Hai Phong Paper Joint Stock Company (aka ‘Hapaco’)
- HAS: Hanoi P&T Construction & Installation Joint Stock Company (aka ‘Hacisco’)
- HSC: Hacinco Joint Stock Company
- HTV: Hatien Transport Joint Stock Company (aka ‘Hatien Transco’)
I
- IFS: Interfood Shareholding Company
- ILC: International Labour & Services Joint Stock Company (aka ‘Inlaco Hai Phong’)
- ITA: Tan Tao Industrial Park Corporation (aka ‘Itaco’)
K
- KDC: Kinh Do Corporation
- KHA: Khanh Hoi Import Export Joint Stock Company (aka ‘Khahomex’)
- KHP: Khanh Hoa Electric Power Joint Stock Company
L
- LAF: Long An Food Processing Export Joint Stock Company (aka ‘Lafooco’)
M
- MHC: Hanoi Maritime Holding Company (aka ‘Marina Hanoi’)
N
- NHC: Nhi Hiep Brick-Tile Joint Stock Company (aka ‘Brico’)
- NKD: North Kinh Do Food Joint Stock Company
P
- PMS: Petroleum Mechanical Stock Company
- PNC: Phuong Nam Cultural Joint Stock Corporation
- PPC: Pha Lai Thermal Power Joint Stock Company
- Petrolimex Gas Joint Stock Company
R
- REE: Refrigeration Electrical Engineering Corporation (REE Corp.)
- RHC: Ry Ninh II Hydroelectric Joint Stock Company
S
- SAM: Cables And Telecom Materials Joint Stock Company (aka ‘Sacom’)
- SAV: Import Export & Economic Cooperation Joint Stock Company (aka ‘Savimex’)
- SFC: Saigon Fuel Company
- SGC: SaGiang Import Export Corporation (aka ‘Sagimexco Đồng Tháp’)
- SGH: Saigon Hotel Corporation
- SHC: Saigon Maritime Joint Stock Company
- SJS: Song Da Urban & Industrial Zone Investment and Development Joint Stock Company (aka ‘Sudico’)
- SMC: SMC Trading-Investment Joint Stock Company
- SSC: Southern Seed Joint Stock Company
- STB: Sai Gon Thuong Tin Commercial Joint Stock Bank (aka ‘Sacombank’)
- STP: Song Da Packaging Joint Stock Company
T
- TBC: Thac Ba Hydroelectric Joint Stock Company
- TKU: Tung Kuang Industry Joint Stock Company
- TMS: Trans-Forwarding And Warehousing Corporation (aka ‘Transimex’)
- TNA: Thien Nam Trading Import Export Corporation (aka ‘Tenimex’)
- TRI: Sai Gon Beverages Joint Stock Company (aka ‘Tribeco’)
- TS4: Sea Food Joint Stock Company No. 4 (aka ‘Seapriexco No. 4’)
- TTC: Thanh Thanh Ceramic Joint Stock Company
- TYA: Taya (Vietnam) Electric Wire and Cable Joint Stock Company
- TNC: Trung Nguyen Corporation
U
- UNI: Vien Lien Joint Stock Company (aka ‘Unico’)
V
- VFC: VINAFCO Corporation
- VFMVF1: Vietnam Securities Investment Fund
- VNM: Vietnam Dairy Products Joint Stock Company (aka ‘Vinamilk’)
- VNR: Vietnam National Reinsurance Corporation (aka ‘Vinare’)
- VSH: Vinh Son - Song Hinh Hydroelectric Joint Stock Company
- VTC: VTC Telecommunications Joint Stock Company
- VTL: Thang Long Joint Stock Company
- VTS: Tu Son Viglacera Ceramic Joint Stock Company
- VGG: Vietnam Global Gateway
List of African stock exchanges
This is a list of stock exchanges in Africa.
Members of the African Stock Exchanges Association (ASEA) are marked with an asterisk *.
Africa has at least one regional stock exchange, the Bourse Régionale des Valeurs Mobilières, or BRVM, in Abidjan, Cote d'Ivoire. The BRVM serves:
List of stock exchanges
This is a list of stock exchanges. Those futures exchanges that also offer trading in securities besides trading in futures contracts are listed both here and the List of futures exchanges.
Ten Largest Stock Exchanges by Market Capitalization (in trillions of US dollars)
- New York Stock Exchange (soon to be combined with Euronext) - $22.6 [1]
- Tokyo Stock Exchange - $4.5 [2]
- NASDAQ - $3.6
- London Stock Exchange - $3.5
- Euronext (soon to be combined with NYSE) - $3.3
- Toronto Stock Exchange - $1.83 [3]
- Hong Kong Stock Exchange - $1.71
- Frankfurt Stock Exchange (Deutsche Börse) - $1.4
- Madrid Stock Exchange (BME Spanish Exchanges) - $1.1
- SWX Swiss Exchange - $1.1
Other Large Regional Stock Exchanges by Market Capitalization (in trillions of US dollars)
- Milan Stock Exchange (Borsa Italiana) - $0.94
- National Stock Exchange of India - $0.76 (December 2006) [4]
- Australian Stock Exchange - $0.73 (June 2005)
- Bombay Stock Exchange - $0.73 (October 2006)
- Korea Stock Exchange - $0.72 (October 2006) [5]
- Shanghai Stock Exchange - $0.7 (November 2006) [6]
- Bovespa - $0.67 (November 2006) [7]
- Johannesburg Securities Exchange - $0.58 (September 2006)
Sources: Wikipedia article for each entry
Vietnam Basics
Time: GMT +7.
Electricity: 220 volts, 50Hz. Plugs are either the two flat-pin or the two round-pin type. Three rectangular blade plugs can be found in some of the newer hotels.
Language: The official language is Vietnamese. Some Chinese, English and French are spoken. Tour guides can also speak Russian and Japanese. Numerous ethnic languages are also spoken in parts.
Health: An outbreak of bird flu in 2004 claimed numerous human lives; recent outbreaks have also resulted in human fatalities. Avian flu in poultry has now spread to numerous provinces and cities across Vietnam. All care should be taken to avoid contact with live poultry and visitors are advised to exercise caution when eating poultry dishes, particularly raw or undercooked poultry products. Other health risks in the country include Hepatitis A and E, typhoid, Japanese encephalitis, dengue fever, bilharzia, diarrhoea, meningitis, rubella and HIV/AIDS. Malaria prophylaxis is recommended for travel outside the main cities and towns, the Red River delta and north of Nha Trang. There has been an increase in the amount of deaths relating to dengue fever in recent months, and visitors should take care to protect themselves from mosquito bites during the day, especially just after dawn and just before dusk, particularly in the southern Mekong Delta region. Travellers should seek medical advice about vaccinations at least three weeks before leaving for Vietnam and ensure they have adequate insect protection. Typhoid can be a problem in the Mekong Delta. Those arriving from an infected area require a yellow fever vaccination certificate. Water is potable, but visitors usually prefer to drink bottled water. Decent health care is available in Hanoi and Ho Chi Minh City (Saigon) with English-speaking doctors, and there is a surgical clinic in Da Nang, but more complicated treatment may require medical evacuation. Pharmacies throughout the country are adequate, but check expiry dates of medicines carefully. Health insurance is essential.
Tipping: Most restaurants and hotels now add a 5 to 10% service charge to their bills, but a further 5% for good service is greatly appreciated in more upmarket places. In top hotels porters expect a small tip. Hired drivers and guides are usually tipped, and it is customary to round up the bill for taxi drivers in the cities. Tipping is not generally expected, but some small change for most services is appreciated.
Safety: Travel in Vietnam is generally safe and violent crime is uncommon. Pick-pocketing is rife, and in Ho Chi Minh City (Saigon) drive-by purse snatching is a common trick. When transferring from airports only use pre-arranged hotel pickups or licensed taxis to avoid theft from opportunists. It is best to leave valuables in a secure hotel safe and avoid obvious displays of wealth. During the monsoon season (usually between June and October) the country is prone to serious flooding and typhoons (until December), particularly the Mekong Delta and Central Region, and has resulted in isolation of areas and damage to infrastructure.
Customs: Shorts should be avoided away from the beaches if possible. Shoes must be removed on entering religious sites and a donation is expected when visiting a temple or pagoda. Photography is restricted at ports, harbours and airports, and it is polite to ask permission before taking photographs of people, especially of ethnic minorities. Never leave chopsticks sticking upright in a bowl of rice as it has strong death connotations.
Business: Business practices in Vietnam are conducted in a similar fashion to those of China, Japan and Korea rather than their Southeast Asian counterparts. Pride and tact are important to bear in mind, as practices tend to be formalised more so than in Western countries. Often it is best to be introduced rather than approach the person with whom business is intended for fear of suspicion. Negotiations and settlements may take longer as the Vietnamese like to examine contracts thoroughly. Formal dress is common but in summer months the dress tends to be more casual. It is important to be on time for business appointments as the Vietnamese consider lateness rude. The person is always addressed as Mr., Mrs., and Ms., followed by their personal name (not family name), unless otherwise referred. It is worth finding out in advance. Shaking hands with both hands is the most respectful greeting although bowing is still popular among the older population, and meetings always begin with the exchange of business cards, which should be given and received with both hands; each person expects to receive one, so be sure to bring a vast supply. Business hours are typically 8am to 5pm Monday to Friday with an hour taken at lunch, and 8am to 11.30am on Saturdays.
Communications: The international country code is +84. The outgoing code is 00, followed by the relevant country code (e.g. 001 for the United States or Canada). City/area codes are in use, e.g. Hanoi is (0)4 and Ho Chi Minh City is (0)8. GSM 900 mobile networks cover the major urban areas. Internet cafes are available in Hanoi, Ho Chi Minh City and Internet access is often available at post offices in rural areas.
Duty Free: Travellers to Vietnam over 18 years do not have to pay duty on the following items: 400 cigarettes, 100 cigars or 500g tobacco; 1.5 litres alcohol with alcohol content higher than 22% and 2 litres below 22%; up to 5kg tea and 3kg coffee; perfume and items for personal consumption within reasonable amounts; other goods to the value of 5 million Vietnamese dong.
Monday, December 25, 2006
Vietnam’s stock market will lure millions of USD
Germany’s World newspaper has published an article praising Vietnam’s achievements, commenting that Vietnam’s stock market will attract millions of US dollars after Vietnam has become a member of the World Trade Organization.
According to the article, the double increase of Vietnam’s economic growth in the past nine years and the eight percent growth rate per year in the recent years has made investors consider Vietnam a “promising” market in Asia.
Becoming the member of the WTO and successfully organizing the 14th APEC Economic Leaders’ Meeting, Vietnam’s stock market will spectacularly develop and attract millions of US dollars from global investors.
At the end of last week, the VN-Index in Ho Chi Minh City hit a record high, at 665.5 points, increasing by 116%, in comparison with the beginning of this year.
The article also stressed the developing trade relations between Vietnam and the US and said that Vietnam was of interest to high-tech corporation Intel.
BTA
Vietnamese Stocks - Equities in Vietnam
Vietnam Stock Exchange - The Stock Exchange for Vietnamese Stock Market
The Stock Trading Center of Vietnam (‘STC’), located in Ho Chi Minh City, was officially inaugurated on July 20, 2000, and trading commenced on July 28, 2000. Initially, two equity issues were listed, Refrigeration Electrical Engineering Joint Stock Corporation (‘REE’) and Saigon Cable and Telecommunication Material Joint Stock Company (‘SACOM’). It is the smallest stock exchange in Southeast Asia. The Vietnam stock exchange is both operated and regulated by the State Securities Commission.
More information about Vietnam Stock Exchange
Vietnamese Securities Companies
As of February 2004, thirteen companies have been licensed by both the State Securities Commission and Ho Chi Minh City Stock Trading Center. Of these, nine have capital of VND43bn (US$2.73m) or more and have been licensed to conduct a full range of securities business including brokerage, advisory, fund management, proprietary trading and underwriting. Saigon Securities Incorporation, Hai Phong Securities Joint Stock Company and EAB Securities Company have chartered capital ranging from VND20-22bn (US$1.27m-US$1.4m) while Mekong Securities Joint Stock Company are capitalized at VND6bn (US$0.38m). Neither company is licensed to conduct proprietary trading or underwriting.
More information about Vietnamese Stock Brokers
Foreign Participation
Foreign ownership of shares in companies listed on the Ho Chi Minh City Stock Trading Center is limited to 49% of the company’s issued share capital. For bonds, foreign investors can hold 100% ownership of a particular issuer’s bonds.
Foreign investors who wish to purchase shares through the Ho Chi Minh City Stock Trading Center are required to register through a custodian licensed to hold securities on behalf of foreigners – of which there are currently three; The Hongkong and Shanghai Banking Corporation, Deutsche Bank AG and Standard Chartered Bank. Beside these three, securities companies can play role of custodian unit to hold stocks for foreigners as well. Once registered, a Securities Transaction Code is issued to the foreign investor who may then open a Trading Account with one or more of the twelve licensed Securities Companies.
How to Buy Vietnam Stocks
For private investors, it is necessary to fly to Ho Chi Minh City (Saigon) to open a securities account and a bank account. Foreigners are able to transfer funds out of Vietnam after fulfill tax obligations. There is no time constrain.
You may wish to contact Vietnamese stock brokerage firms on this list for more information.
Thanks for Minh Quan for the updates of the rules of Vietnam stock exchange.
see details Vietnamese Stocks - Equities in Vietnam
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