New securities account openings in March lowest in two years
The number of newly-opened securities accounts in March plunged to the lowest in the past two years, marking the sixth consecutive month the market did not record more than 100,000 new accounts, according to the Vietnam Securities Depository (VSD).
Hanoi (VNA)ꦯ – The number of newly-openedsecurities accounts in March plunged to the lowest in the past two years, markingthe sixth consecutive month the market did not record more than 100,000 newaccounts, according to the Vietnam Securities Depository (VSD).
Comparedto the peak liquidity period, the number of new accounts fluctuated between 200,000-450,000. Despite the slowdown in new account openings, the Vietnamesestock market still shows great potential with over 7 million accounts,equivalent to about 7% of the population. Of this, 40,000 wereregistered by domestic and foreign investors. The figure exceeds the target of having 5% ofthe population invest in the stock market by 2025 as outlined in the securitiesand insurance market restructuring plan. However, thereare cases that one person has multiple accounts while new accounts do notrecord any transactions. Accordingto the SSI Securities JSC, the Vietnamese stock market is showing a fairlystrong foundation as it rebounded by 3.9% in March and ended the first quarter witha growth of 5.7% on the VN-Index. Thispositive trend is led by measures to address economic difficulties andfinancial market challenges, as well as positive news from foreign investors'cash flows. The market also welcomed two interest rate cuts by the StateBank of Vietnam in mid and late March, which sent a strong message about theneed to reduce interest rates to support economic growth. These are seen ashighly flexible steps by the Government, given the macroeconomic challenges in thefirst quarter. According to the SSI, the profits of several listed companies maystill not enough to help them escape the trend of decline compared to the same period last year. Itwill be a factor that prevents VN-Index from making strong breakthroughs in theshort term./.
Newly opened accounts in February increased by nearly 28,000 on-month to January, but they were still low compared to the average level of the past two years, according to data from the Vietnam Securities Depository (VSD).
Although 2023 is forecast to be a difficult year, many securities companies still set a target of positive profit growth in 2023, besides some others adopting more prudent plans.
The State Securities Commission of Vietnam (SSC) and the Japan International Cooperation Agency (JICA) on March 21 co-organised a workshop to end a four-year project on capacity building for the improvement of the Vietnamese stock market’s fairness and transparency.
The State Securities Commission (SSC) will review the Law on Securities and related decrees to complete the legal framework, and strengthen sanctions for violations to protect the legitimate rights and interests of investors.
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Viettel was ranked third for overall mobile performance with a score of 82.56 just behind UEA’s e& (88.05) and Quatar’s Ooredoo (87.05) and ahead of Singapore’s Singtel (82.53). Vinaphone took second in 5G speed with a score of 78.11, trailing only behind e&.
PM Chinh proposed MUFG work closely with the Ministry of Finance to improve legal frameworks and support the establishment and operation of the international financial centre in Da Nang and Ho Chi Minh City.
The Prime Minister emphasised the significance of maintaining macroeconomic stability, controlling inflation, promoting growth, and improving the harmony between monetary and fiscal policies.
Petrovietnam will step up the development of new products and the expansion of international markets to reduce reliance on the domestic market. It also plans to optimise capital use, manage cash flow and costs, streamline operations, and enhance workforce quality to achieve its 2025 goals.
Illustrative image (Photo: VNA) 
