New investors entering Vietnam stock market climbing in January

, New investors entering Vietnam stock market climbing in January
  • New securities trading accounts hit record high in January with the number of new accounts reaching a monthly high of over 86,200.
  • Foreign investors opened 476 new accounts last month, the highest number since June 2018.
  • Visit Vietnam Insider’s homepage for more stories.

Nearly 86,270 securities trading accounts were opened by domestic investors in January, an increase of 36.4 per cent from the previous month, Vietnam Securities Depository (VSD) reported.

It is the largest-ever number of newly-opened trading accounts in a month since Vietnam’s stock market debuted. About 4,000 accounts a day, the number jumped by 36 percent from December last year, according to the VSD.

Foreign investors also opened about 476 accounts, 99.8 per cent of which were of individuals.

The trend began last year when the benchmark VN-Index slumped in March after a major outbreak of Covid-19, but then recovered in the remaining months as the government imposed drastic measures to contain the pandemic and sustain economic growth.

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“New investors helped the index climb to near 1,200 points in January before it plunged to below 1,000 due to fears that the latest outbreak in the northern localities could hurt the economy”, said an industry insider.

Average trading volume on the country’s three bourses topped VND20 trillion ($862.07) in January, against VND7.3 trillion in 2020.

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