Economy
Overtourism grows in northern foothills of Mt. Fuji, frustrating local officials
1.
 |
| Việt Nam’s stock market capitalisation reached almost VNĐ2.74 quadrillion (US$120.6 billion) until the end of September 2017, equivalent to 60.8 per cent of GDP. — Photo baohaiquan.vn |
Viet Nam News
HÀ NỘI – Việt Nam’s stock market capitalisation (excluding bond market) reached almost VNĐ2.74 quadrillion (US$120.6 billion) until the end of September 2017, the Ministry of Finance reported.
The figure was equivalent of 60.8 per cent of the country’s gross domestic product, and represented an increase of 3.6 per cent over August. It was also the highest level since the establishment of the stock market.
Total trading value on the stock market in September alone declined 6.3 per cent from August, averaging VNĐ14 trillion per session. However, total transaction value in the first nine months increased to nearly VNĐ13.2 trillion per session, up 39 per cent over the average trading value of the whole 2016.
Bond trading reached VNĐ8.65 trillion per session, up 34.4 per cent, while the trade of shares and fund certificates was valued at VNĐ4.54 trillion per session, up 49 per cent.
Meanwhile, total capital mobilised from the stock market in the first nine months was estimated at VNĐ202 trillion (some US$9 billion), Phạm Hồng Sơn, vice chairman of the State Securities Commission, said.
Of this figure, auctions of shares on the two national stock exchanges reached VNĐ505.8 billion, issue of additional shares was worth VNĐ33.5 billion and sale of Government bonds was valued at VNĐ166 trillion. – VNS
