First trading session of HCM Stock Exchange opens following Tet holiday
The Ho Chi Minh Stock Exchange (HOSE) began its first trading session following the Tet (Lunar New Year) holiday with a gong-beating ceremony on January 31.
HCM City (VNA) – The Ho Chi Minh StockExchange (HOSE) began its first trading session following the Tet (Lunar NewYear) holiday with a gong-beating ceremony on January 31.
In her remarks, Chairwoman of the State SecuritiesCommission Vu Thi Chan Phuong noted that the domestic stock market maintainedits stability and smooth sailing last year amid obstacles to the nationaleconomy.
As the international economic and politicalsituation is expected to continue developing complicatedly and unexpectedlythis year, the sector will further consolidate the legal framework and policieson market development, and review and study relevant legal documents,mechanisms and policies, making them match with the reality, she said.
It will also step up the restructuring and perfectionof systems in service of the market, offer new products and services, andintensify supervisions, inspections and the handling of wrongdoings, Phuong stressed,adding that solutions will be taken to consolidate investors’ confidence in themarket.
At the end of the last trading session of 2022, theVN-Index, which tracks the performance of the HOSE, closed at 1,007 points,down 32.78% as compared with the end of 2021.
Despite a sharp decline, the domestic stock marketremained stable last year, and most listed companies have recovered after theCOVID-19 pandemic./.
The relatively low devaluation of the VND against the USD in comparison with that of other currencies in the region shows that the Vietnamese stock market remains an attractive destination for investment flows, as uncertainties persist in most of the global financial market, according to a weekly investment strategy report of the Vietcombank Securities Co., Ltd (VCBS).
From being net sellers in the first nine months of 2022, foreign investors have become the driving force supporting the Vietnamese stock market in the last few months, and the inflows are expected to continue this year.
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At the gong-beating ceremony (Photo: VNA) 
