8:53:13 AM | 20/10/2008
The number of foreign securities investors in Vietnam continued increasing sharply so far this year despite the plunging stock market, the State Securities Commission (SSC) said.
Foreign trading accounts surged 47 per cent from the end of 2007 to more than 460,000 accounts so far, according to statistics from the SSC.
Numbers of intermediary organizations also increased significantly.
Vietnam granted permission to more 20 securities companies in the first nine months of 2008, bringing total number of brokerages in the country to 98 so far.
An additional 11 fund management companies were also licensed in the period, raising total figure to 36 companies now.
The SSC said securities companies have been facing a lot of difficulties due to stagnant operations of equitization and listing, weak transactions and losses in trading.
Several securities companies have suffered big losses and are at risk of bankruptcy and mergers. (Securities Investment)
Vietnamese
