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Vietnam has more than 5 million securities accounts

VN-Index dropped sharply, but the market still welcomed more than 230,000 new individual accounts in a month, bringing the total number of accounts to surpass 5 million for the first time.

This is the second-highest monthly new account opening in history, behind only 270,000 accounts the previous month.

The number of accounts of domestic organizations, individuals and foreign organizations also increased but accounted for a negligible proportion in the transaction accounts. As of the end of April, Vietnam stock market had 5.2 million accounts, the number of individual investors accounted for 98.9%.

The number of individual accounts is equivalent to 5.24% of the population of the country (according to the data of the General Statistics Office by the end of 2021) and exceeds the target of 5% of the population to invest in securities by 2025 in the scheme. securities and insurance market restructuring promulgated by the Prime Minister.

However, compared to other markets in the region, the percentage of people with securities accounts in Vietnam is much lower. Thailand currently has 5.3 million securities accounts, equivalent to about 8% of the lottery. Meanwhile, by the end of 2021, Taiwan has up to 22 million people investing in securities, equivalent to 93% of the population.

Domestic investors have been identified by many securities companies as the main growth drivers of the market over the past year. This group regularly accounts for over 80% of the total trading value of the market.

But after four consecutive months of net buying, domestic individuals reversed to a net selling of 4,680 billion dong in April when the market entered a correction cycle. On the other hand, domestic and foreign organizations net bought 770 billion dong and 3,900 billion dong, respectively.

“In the short-term, individual investors are unlikely to return to the market with strong buying as the results season draws to a close and less supportive news in May,” the strategy report said. written by Rong Viet Securities Company.

The fact also shows that the cash flow of domestic investors has weakened significantly when the average liquidity per session from the beginning of the month so far is only about 15,600 billion dong, much lower than the 23,000-25,000 billion dong in previous years. last month of last year.

Eastern

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