Ministry to loosen credit quota for securities

Ministry of Finance’s proposal to increase the quota for credit poured into the securities sector is largely backed by market experts.

HNX-listed firms see total profit up 4.8% in 2019

Listed companies on the Hà Nội Stock Exchange (HNX) reported their post-tax profits grew 4.8 per cent year-on-year to reach VNĐ21.4 trillion (US$917 million) in 2019.

Brokerages' outstanding loans down 14 per cent The spread of COVID-19 has severely impacted all global stock markets, with Việt Nam’s benchmark VN-Index on the Hồ Chí Minh Stock Exchange losing a third of its value in January-March

Securities firms' earnings consumed by proprietary trading Four securities firms with the largest market shares saw proprietary trading erode their earnings in the first quarter as the global pandemic COVID-19 hit the market hard and pulled share prices down sharply.

Brokerage firm VDSC suffers loss in Q1 Rồng Việt Securities (VDSC) posted a record loss of VNĐ88.4 billion (US$3.78 million) in the first quarter of 2020 as the company suffered from proprietary trading.

Intraday short sale far from being realised as difficulties persist

Securities firms and investors are waiting for the T+0 or intraday short sale to be applied on the Vietnamese securities market, but there are still troubles that need to be resolved.

Margin lending rates cut to support investors Securities firms are cutting margin lending interest rates to help investors deal with a bear market caused by coronavirus panic.

VN-Index plunges 6.3 per cent on worst day in 19 years

Việt Nam’s benchmark VN-Index plummeted 6.28 per cent on Monday, its worst daily loss in the last 19 years, as investors were alarmed with widespread slumps on the global markets.

Market regulator agrees on financial leveraging for UPCoM stocks Margin lending may be allowed on the Unlisted Pubic Company Market (UPCoM), the State Securities Commission (SSC) vice chairman Phạm Hồng Sơn said on Wednesday.

VASB proposes tax cut to increase trading liquidity

The Vietnam Association of Securities Businesses (VASB) may propose market regulators reduce trading taxes for investors, according to general secretary Nguyễn Thanh Kỳ.