9:31:11 AM | 5/9/2008
Up to 63 per cent of securities investors have losses in Vietnam stock market and the rest 37 per cent have broken even or made gains from the market, a latest survey released by the marketing and research firm TNS Vietnam said.
The survey showed a mere 7 per cent of the winners have earned 50 per cent-100 per cent of their investment amounts and the remaining investors have received less. This is also one of the reasons why only 15 per cent of all stock investors are happy with their returns as shown in the survey.
Vietnam did not have a benchmark to calculate stock market returns, so many people believed they just put money in and make large gains in a short time, said Ralf Matthaes, managing director of TNS Vietnam.
The TNS's survey showed that up to 37 per cent of investors have seen their money evaporate with VN-Index that plunged to 366.02 points Jun 20 from the peak of 1,170.67 points in March 2007, while 26 per cent have been lucky enough to break even from share deals.
Matthaes pointed out that a third of stock investors were investing in the market only because they saw others doing so. "Many of them lost money and will think twice about gambling on what they do not really understand."
So far, domestic and foreign investors have opened 360,000 accounts for share transactions in the market.
The survey found that 45 per cent of the investors use their idle money to invest in the market while 22 per cent want to earn more from securities investment as they do not earn much from current jobs. Up to 33 per cent try their luck in the market.
However, Matthaes believed more institutional and foreign investors will join Vietnam's stock market, helping the market grow in the coming years. (Saigon Economic Times)
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