Vietnam Stock Market Booms
Vietnam is currently home to the most lucrative stock market within the Asian continent.
Vietnam has garnered plenty of attention from private investors who have bought Vietnam stocks at a rapid rate, resulting in a 70% increment in the country’s market capitalization.
Vietnam’s Index on the S&P 500 also saw impressive growth of 17% within the last three months.
In 2020, Vietnam recorded the opening of 400,000 new trading accounts for investors. Within the first quarter of 2021, Vietnam has reportedly opened nearly 258,000 new trading accounts for investors.
The daily turnover recorded by the Ho Chi Minh City Stock exchange has been massive.
Financial analysts predict that if foreign funds continue to be pumped into Vietnam’s stock market by investors without any disruption, it will have a positive effect on the country’s market capitalization, causing it to rise to almost 100% or more.
