Vietnam Stock Market Helps Raise VND5.36Tln in H1

The State Securities Commission (SSC), Vietnam’s market watchdog, said on its website that the local stock market has helped domestic companies raise a combined VND5.36 trillion (US$316.4 million) in the first half of this year, equal to less than 20 per cent of the whole last year’s figure.

 

The securities market, which tumbled 66 per cent last year, helped mobilize VND29 trillion in 2008, equal to 23 per cent of the previous year’s level.

 

Between January and June, the SSC has licensed 30 companies to offer 412 million shares to public with a total value of VND4.14 trillion.

 

Local companies have sold 110.1 million shares via 17 auctions at the country’s two exchanges, Ho Chi Minh City Stock Exchange and Hanoi Stock Exchange, during the period, raising VND1.22 trillion.

 

The country’s key stock index, VN-Index, kept slumping in the first quarter of this year, and started to rebound to the benchmark at 512.46 June 9. The index has fallen back to 448.29 today, June 30, compared to 313.34 January 2.

 

There are 365 listed companies, 967 public unlisted firms, 103 stock brokers and 47 fund management companies in Vietnam currently. (www.ssc.gov.vn, Vietnam Economic Times), Vietnam Economic Times)