Ministry of Finance’s proposal to increase the quota for credit poured into the securities sector is largely backed by market experts.
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.
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.
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.
The Vietnam Association of Securities Businesses (VASB) may propose market regulators reduce trading taxes for investors, according to general secretary Nguyễn Thanh Kỳ.