What are the largest firms in Vietnam?
Largest firms Rank Name Sales (US$M) Profit (US$M) Assets (US$M) 1633 Vietinbank 2,700 304 41,700 1656 Joint Stock Commercial Bank for Foreign ... 2,100 305 34,600 1682 Bank for Investment and Development of V ... 3,300 275 44,200 1888 Vinamilk 2,100 396 1,300
How many listed domestic companies in Vietnam in 2020?
Listed domestic companies, total in Vietnam was reported at 745 in 2020, according to the World Bank collection of development indicators, compiled from officially recognized sources. Vietnam - Listed domestic companies, total - actual values, historical data, forecasts and projections were sourced from the World Bank on April of 2022.
What is the Vietnam Ho Chi Minh stock index (VN)?
The VN decreased 25 points or 1.64% since the beginning of 2022, according to trading on a contract for difference (CFD) that tracks this benchmark index from Vietnam. Historically, the Vietnam Ho Chi Minh Stock Index reached an all time high of 1536.45 in January of 2022.
How much oil does Vietnam produce per day?
Though Vietnam is a relative newcomer to the oil industry, it is currently the third-largest oil producer in Southeast Asia, with a total 2011 output of 318,000 barrels per day (50,600 m 3 /d). In 2010, Vietnam was ranked as the 8th largest crude petroleum producers in the Asia and Pacific region.
Does Vietnam has a stock market?
Last updated June 3rd, 2022. Vietnam's stock market has been on investor's radars for awhile. The Southeast Asian nation's newfound popularity is partially because of Vietnam's similarities to China in the 1980s and 1990s during its earlier stages of economic growth.
What are two largest stock exchanges in Vietnam?
There are two official stock exchanges in Vietnam, the Ho Chi Minh Stock Exchange and the Hanoi Stock Exchange. Securities of unlisted public companies may be registered to be traded on the regulated OTC market (UPCOM) on the Hanoi Stock Exchange.
What is the biggest company in Vietnam?
SAMSUNG ELECTRONICS VIETNAM COMPANY LIMITED In 2017, the sales of Samsung Electronics Vietnam Company Limited reached USD 58 billion, and this figure was USD 65.7 billion in 2018, accounting for 28% of Vietnam's GDP. This business has maintained the No. 1 position in the list of the largest companies in Vietnam.
What is the main stock index in Vietnam?
The MSCI Vietnam Index is designed to measure the performance of the large and mid cap segments of the Vietnamese market. With 28 constituents, the index covers approximately 85% of the Vietnam equity universe. The MSCI Vietnam Index was launched on Dec 18, 2007.
Can I buy US stock in Vietnam?
Can citizens of Vietnam legally invest in the US Stock Market? There are no legal restrictions in the United States that would prevent a citizen of Vietnam from investing in any of the US stock exchanges.
What is the best way to invest in Vietnam?
The easiest way to invest in Vietnam is by using exchange-traded funds (ETFs). These provide instant diversification in a single U.S.-traded security. The VanEck Vectors Vietnam ETF (NYSE: VNM) is the most popular fund for investors looking for exposure to the country. It has $533.6 million in assets under management.
Who is the richest man in Vietnam?
Pham Nhat VuongPham Nhat Vuong, 53, owner of Vietnam's biggest private conglomerate Vingroup and the country's first billionaire, is on the list for the tenth consecutive year. He also remains Vietnam's richest man with a net worth of $6.2 billion, down from $7.3 billion last year.
Is Vietnam poor or rich?
Vietnam has been a development success story. Economic reforms since the launch of Đổi Mới in 1986, coupled with beneficial global trends, have helped propel Vietnam from being one of the world's poorest nations to a middle-income economy in one generation.
Is Vietnam a good place to invest?
Vietnam offers favorable conditions for foreign investors for numerous reasons: Strategic location, ample workforce with competitive labor costs, and a relatively open environment for FDI to only name a few.
Is there a Vietnam ETF?
The best (and only) Vietnam exchange-traded fund (ETF) is VNM. Its top three holdings are Vinhomes JSC, Masan Group Corp., and Vingroup Joint Stock Co.
What is the Singapore stock market index?
The Straits Times IndexThe Straits Times Index (STI) comprises of the stocks of 30 representative companies listed on the Singapore Exchange. The index is calculated based on market-value weighted stock market index. The Straits Times Industrials Index (STII) was replaced by The Straits Times Index.
Insider trading
Insider trading causes unfairness between investors. So agency regulators and professional associations always try to establish strict laws and high standard of ethics with the aim of reducing insider trading problem. Like any other market at the same level, Vietnam’s stock market has been facing this problem also.
Lack of data
It’s not easy to find statistical data on new industries due to the lack of professional organizations that work on it. Even in traditional industries, there are not a variety of surveys to get raw figures.
The independence, integrity, and objectivity of researches are questioned
In the Vietnamese stock market, there are more than 70 securities companies, however, ten biggest companies dominate around 75% of brokerage market share. Many small securities companies or financial institutes serve a few particular groups of investors who generate most of their brokerage commission.
High level of herd mentality
In Vietnam, the proportion of individual investors is high, but their knowledge of financial investment is not at the same level. Usually, they do not have enough discipline in their trading systems and let their emotions make decisions. So when something happens leading to overreaction in the market, you should have the right attitude to face it.
Market makers
Vietnam market makers’ status under the law is uncertain, but they’re still there. We are able to see their presence in some stock tickers. It could be a financial consulting company, a securities incorporation, an investment fund or a sub-fund. They have their own purposes for affecting the volume and price of tickers.
Foreign Ownership
Foreign ownership is limited by the law in Vietnam. The Vietnamese government does not only limit foreigners on owning real estate such as land, houses, apartments, etc. They also restrict foreigners on possessing a large share of a company, especially strategy industries such as banks, energy, telecom, military, etc.
What is the Ho Chi Minh VSE?
The Ho Chi Minh VSE is a major stock market index which tracks the performance of 303 equities listed on the Ho Chi Min and Hanoi Stock Exchange in Vietnam. It is a capitalization-weighted index. The VN-Index has a base value of 100 as of July 28, 2000.
How much has the VN increased since 2021?
The VN increased 195 points or 17.71% since the beginning of 2021, according to trading on a contract for difference (CFD) that tracks this benchmark index from Vietnam.
Rise of retail investors
But volatility is a hallmark of Vietnam’s equity market. Last year, in the early stages of the COVID-19 pandemic, a fit of panic selling sent the market tumbling into its steepest-ever decline. The VN-Index plunged 25% to 696 points by the end of March 2020, its lowest level since 2017.
Capital market development
Tran predicts continued high trading volumes in Vietnam—though it may take the exchange until July to be able to cope with the level of activity it experienced in early June.
What is the main industry in Vietnam?
For much of its history, Vietnam was a predominantly agricultural civilization based on wet rice cultivation. There is also an industry for bauxite mining in Vietnam, an important material for the production of aluminum.
How is the Vietnamese economy shaped?
The Vietnamese economy is shaped primarily by the Vietnamese Communist Party in Five Year Plans made through the plenary sessions of the Central Committee and national congresses. Manufacturing, information technology and high-tech industries now form a large and fast-growing part of the national economy.
Does Vietnam have a five year plan?
Like its Chinese neighbours, Vietnam continues to make use of centrally planned economic five-year plans. For further information on the types of business entities in this country and their abbreviations, see " Business entities in Vietnam ".