The Vietnamese stock market continues to attract retail investors with over 140,000 new accounts opened in June.
|Domestic retail investment is on the rise amid the fourth wave of the pandemic. Photo: Shutterstock |
Data compiled by the Vietnam Securities Depository Centre (VSD) shows that the number of new accounts opened in June reached a new historical high of 140,470. This is the fourth consecutive month that the figure is above the 100,000 threshold, Bao Viet Securities (BVSC) commented.
The large majority (140,054) of these new accounts were opened by domestic individual investors. The number of new accounts opened by domestic institutional investors also increased for the third consecutive month, reaching 139 new accounts.
"However, the number of openings by foreign investors has decreased. Foreign individual investors only opened 280 new accounts, against the 423 in May, while the number of accounts closed by foreign organisations outnumbered newly opened ones. Specifically, there were 25 new accounts and 28 recently closed accounts," BVSC said.
The number of new accounts remained high in June, showing the excitement of the domestic stock market.
Earlier this week, the new infrastructure developed by FPT was officially implemented at the Ho Chi Minh City Stock Exchange.
The adoption of the trading system of the Korean Exchange is also set to take place between June 14 and August 6, with the official launch expected in the third or fourth quarter of this year.