Vietnam Stock Market Helps Raise VND20.79T in 2009
The State Securities Commission (SSC), Vietnam’s market watchdog, said the local stock market had helped domestic companies raise a combined VND20.792 trillion (US$1.13 billion) as of December 22 this year.
Local companies raised VND18.668 trillion from selling shares via the stock market while initial public offerings helped bring VND2.124 trillion.
The securities market, which tumbled 66% last year, helped mobilize VND29 trillion in 2008, equal to 23% of the figure in 2007 when the market overheated.
The number of companies issuing shares and the number of shares on offer during the year were not available.
The country’s stock benchmark VN-Index rose 48.5% from Jan. 2 until Dec. 22, with an increase of 43% in the first half.
In 2010, macro economic movements will have great influence on the local stock market, securities companies said, noting that listed companies will not see outstanding profits during the year.
There are 450 listed companies, 105 stock brokers and 47 fund management companies in Vietnam currently. (Securities Investment)
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