Vietnam listed in top five growth stock markets

Despite the world market’s impacts, Vietnamese stock market has quickly recovered since early this year and estimated to be one of five markets having the highest growth rates in the world.

Traders on the floor of the HCMC Stock Exchange (Photo: SGGP)

According to the State Securities Commission of Vietnam, the Vietnamese market posted the highest profitability in Southeast Asia in the second quarter this year.

Data from the commission show that the Vn-Index in July reached the peak for the last eight years from March 2008. The market’s liquidity was strong and capitalization hit the utmost level for the last six years.

As of July 22, the index reached 649.87 points up 12.2 percent over the end of 2015. Capitalization increased 15.5 percent to VND1,570 trillion (US$70.6 billion).

The average transaction scale of each session reached VND6,107 billion ($274 million) in the first seven months this year, up 24 percent over a year ago.

Of these, bond transactions touched VND3,205 billion a session, up 31 percent and stock and fund certificate transactions attained VND2,901 billion, a year on year increase of 17 percent.

Capital mobilization in the stock market totaled VND230 trillion ($10.32 billion) in the first half this year, a year on year increase of 93 percent.

By T. Quang – Translated by Hai Mien

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