The Vietnam Securities Depository (VSD) on Wednesday said it would apply a new minimum initial margin ratio of 13 per cent instead of the previous 10 per cent for VN30 Index futures to avoid violations and ensure the security of the derivatives market.

Vietnamese shares yesterday extended their losses for a second day on the two national stock exchanges as many large-caps in banking and securities suffered strong selling pressure.

Tiên Phong Commercial Joint Stock Bank (TPBank) has announced that 555 million of its shares will debut on HCM Stock Exchange (HoSE) on April 19 with code TPB.

Tiên Phong Joint Stock Commercial Bank (TPBank) will finalise the list of shareholders on March 21 before the bank lists its shares on HCM Stock Exchange (HOSE).

It remains impossible for Việt Nam’s securities market to get promoted from a frontier market to an emerging market this year, officials say.

The Ministry of Finance has proposed the Government raise the individual income tax imposed on capital/securities transfer to 2 per cent for trades not registered to the Vietnam Securities Depository and not made on the securities market.

Việt Nam-focused private equity firm Mekong Capital has offered three million shares of digital retailer Mobile World Investment Corp (HOSE: MWG) for sale.

The Ministry of Finance has developed a draft circular that provides a general legal framework on the electronic trading activities at the stock market.

Việt Nam’s derivatives market has finished its first month in operation with significant results and growing attention from investors.

Việt Nam’s derivatives market will start official operations on August 10 with the VN30-Index futures contract set to launch first.