Vietnamese individuals have opened 956,081 new securities accounts in the first nine months of 2021, which is 2.4 times more than the whole year of 2020 with only 392,527 accounts, according to data from the Vietnam Securities Depository (VSD).
|The number of individual investors have gone through the roof in 2021 so far |
The number of domestic individual investors opened new accounts in September reached 114,713, a slight decrease of 4.7 per cent compared to August. This is the seventh consecutive month that more than 100,000 new securities accounts have been opened.
As of September, Vietnam had 3.68 million securities accounts owned by domestic investors. If foreign organisations and investors are included, the number of securities accounts reaches more than 3.73 million, an increase of nearly 1 million compared to the end of 2020.
The number of trading accounts opened by new individual investors in September decreased slightly compared to August due to tough social distancing measures in some localities. Trading in the stock market was also less active with many stocks dropped in September compared to previous months.
A report by SSI Securities Company reveals that investor sentiment was seriously affected due to the disruption of manufacturing activities and supply chains caused by the COVID-19 pandemic over the past months. In addition, the current cash flow is shifting to countries that have strong exports of raw materials such as crude oil and coal. Therefore, Vietnam is no longer an attractive destination for foreign investors in this period.
Specifically, foreign investors continued net selling with a total value of VND8.37 trillion ($363.9 million) in September. The total net selling volume in the first nine months of 2021 amounted to more than VND40 trillion ($1.74 billion), much higher than the net selling of nearly VND6 trillion ($260.87 million) in the same period last year. In which, exchange-traded funds withdrew nearly VND2.3 trillion ($100 million) in September, the largest net withdrawals in the past two years.