Stock investors count their losses as bottom falls out of market

With many listed companies reporting poor results or lying about them, stock investors, who switched to long-term investment after the market collapsed in the hope of receiving dividends, have seen their hopes dashed. 

With many listed companies reporting poor results, stock investors have seen their hopes dashed 

The VN-Index has dropped to 263 points from 400 two weeks ago.
Retail investors sunk a lot of money in stocks last year when the market was hot.
Many held on to plunging stocks, hoping to get dividends. But there have been a rash of poor and false results from companies recently that they cannot realistically hope to get dividends any time soon.
Beverage maker Tribeco, for instance, actually incurred a loss of VND145 billion last year but falsely claimed in its results that it made a profit.
The securities regulator has placed 11 companies on a watch list for incurring losses last year -- BBT, BHS, VTA, REE, VHG, TRI, SAM, HAP, TPC, PPC,  and TYA.

By Han Ni - Translated by Hoang Thi

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