Mr. Pham Hong Song, vice chairman of the State Securities Commission of Vietnam (SSC), announced at a press conference on June 24 in Ho Chi Minh City that covered warrant will be officially traded on Vietnam’s stock market since June 28.
Amid the context that the stock market was gloomy, in the first two weeks of June, foreign investors net bought nearly VND560 billion, of which they net bought nearly VND500 billion on the Ho Chi Minh City Exchange alone.
Foreign investors focused on buying blue-chip stocks and returned to net buy more than VN210 billion in the last trading session in May on May 31 but failed to buoy the market due to strong selling pressure from local investors.
According to statistics by securities companies, along with strongly increased market liquidity, trading on Vietnam’s stock market was fairly vibrant with foreign investors unexpectedly net bought for more than VND5.7 trillion (US$243.54 million) in the past week.
Prime Minister Nguyen Xuan Phuc has approved a project to restructure the stock market until 2020 with a vision to 2025, with an aim to make it an important channel for middle- and long-term capital regulation.