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越南股市,成交额破纪录
财联社·2025-08-06 13:34

Core Viewpoint - The Vietnamese stock market is experiencing a significant surge, with record trading volumes and a bullish sentiment among retail investors, driven by favorable economic conditions and foreign investment inflows [1][4][11]. Group 1: Market Performance - On August 5, the total trading volume in the Vietnamese stock market reached nearly 86 trillion VND (approximately 23.88 billion RMB), marking the highest single-day trading volume in history [1]. - The Ho Chi Minh Index (VN Index) hit a historical peak of 1585.98 points, with a year-to-date increase of over 22%, indicating a strong bull market [1][4]. - The VN Index rose by 1.2% on a recent Tuesday, closing at 1547.15 points [13]. Group 2: Investor Sentiment - Retail investors in Vietnam are highly enthusiastic, with a significant increase in new trading accounts, surpassing 970,000 in the first half of the year, bringing the total to over 10 million [8][11]. - The sentiment among retail investors is extremely bullish, with slogans like "Let the Ho Chi Minh Index reach 1800 points" circulating widely [12]. - Retail investors account for over 80% of the trading volume in the market, making them a dominant force [11]. Group 3: Foreign Investment and Economic Factors - Foreign investment is returning to the Vietnamese market, with net foreign purchases of Vietnamese stocks amounting to $298 million in July, one of only two months of foreign inflows in the past year [1]. - Morgan Stanley has upgraded Vietnamese stocks to "overweight," raising the year-end target for the Ho Chi Minh Index to 1600 points, influenced by a recent trade agreement with the U.S. that reduced tariffs on Vietnamese goods [4][5]. - The expectation of Vietnam's potential upgrade by FTSE Russell from frontier to secondary emerging market status is also contributing to positive investor sentiment [7]. Group 4: Future Outlook - Analysts predict that the Ho Chi Minh Index could reach 1800 points next year and exceed 2000 points by 2027, despite the current forward P/E ratio being slightly above its five-year average [18]. - The Vietnamese government aims for economic growth exceeding 8% this year, which is expected to support profit growth and bolster market confidence [18].