Over 130,000 investors enter stock market
In this article (5)
More than 130,000 new investors opened stock trading accounts in October, including 129,750 local investors, according to the Vietnam Securities Depository.
129,200 of the local investors were retail ones.
At the end of October there were over 3.86 million accounts. The number increased for a third straight month amid news of government economic stimulus of around VND800 trillion ($34.78 billion).
The benchmark VN-Index rose to a new peak of 1,456.51 points on Friday, led by energy stocks, though trading on the Ho Chi Minh Stock Exchange dipped slightly to VND26.14 trillion.
The government targets having 3 percent of the population participating in equity markets by the end of this year and 5 percent by 2025 under its Scheme for Restructuring Securities and Insurance Markets, which it finalized in early 2019.
Questions & Answers
Q.What proportion of the new stock trading accounts opened in October were by local investors?
What proportion of the new stock trading accounts opened in October were by local investors?
Out of over 130,000 new accounts opened, 129,750 were by local investors. This indicates that almost all new market participants in October were from the domestic economy, according to the Vietnam Securities Depository.
Q.How many total stock trading accounts were active at the end of October?
How many total stock trading accounts were active at the end of October?
At the close of October, there were more than 3.86 million stock trading accounts in total. This figure represents an increase for the third consecutive month, suggesting sustained growth in market participation.
Q.What is the government's target for population participation in equity markets by the end of this year?
What is the government's target for population participation in equity markets by the end of this year?
The government aims for 3 percent of its population to be participating in equity markets by the end of the current year. This goal is part of its broader Scheme for Restructuring Securities and Insurance Markets.
Q.Which government initiative is driving the target for increased equity market participation?
Which government initiative is driving the target for increased equity market participation?
The target for increased participation stems from the government's Scheme for Restructuring Securities and Insurance Markets. This plan, which was finalised in early 2019, also sets a goal of 5 percent participation by 2025.
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