VN-Index gains nearly 23 points, liquidity still low

Finance ministry announces roadmap to reorganise stock market

The Minister of Finance (MoF) plans to rearrange the securities trading market in a newly-promulgated Circular as a move towards the merging of the two national stock exchanges into one named the Việt Nam Stock Exchange (VNX).

Profits skyrocket for Vietnamese securities traders Thanks to the prosperity of the stock market in the first six months of this year, multiple securities businesses have reached their profit targets for the whole year.

New money into stock market slows down, economy growth may miss expectations: Dragon Capital While margin loans were still at a record high and securities companies continued to raise capital, new money deposited into accounts started to show signs of declining. 

Vietnam Airlines to raise over $346 million through share issuance At the General Meeting of shareholders held yesterday morning, Vietnam Airlines JSC (HVN) has approved a plan of raising VNĐ8 trillion (US$346.2 million) through share issuance. 

Cà Mau Fertiliser's profit before tax expected to rise 8 per cent in the first half of 2021 Petro Việt Nam Cà Mau Fertiliser JSC (PVCFC, DCM)'s profit before tax is estimated at VNĐ411 billion on higher prices and cost-cutting plans. 

Petrosetco will soon issue 4 million ESOP shares Petrovietnam General Services JSC Corporation (Petrosetco, PET) just announced a plan to issue stocks for employees (employee stock ownership plan, ESOP) in 2021. 

Licogi 13 to transfer entire stake in Quảng Trị Solar Power Company The Board of Directors of Licogi 13 JSC (LIG) plans to transfer 100 per cent of their stake in Quảng Trị Solar Power Company Limited to VN Green Holdings Pte Ltd, a company specialising renewable energy under Dragon Capital group.

Market expected to continue to correct this week: expert Even though demand rose quickly after the VN-Index fell to 1,340 point-level, selling forces still dominated leaving analysts from securities firms expecting the market to slide to lower levels this week. 

Coal stocks on an upswing thanks to rising prices The sharp increase in raw material coal price has pushed coal stock prices up simultaneously in June this year.