Core Insights - Vietnam's stock market has reached a record trading volume of nearly 86 trillion VND (approximately 23.88 billion RMB) on August 5, marking the highest daily 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%, reflecting a continuous bullish trend that has heightened investor enthusiasm [1] - Retail investors are driving the market, with a significant influx of foreign capital, as evidenced by a net foreign purchase of 298 million USD in July, one of only two months of foreign inflow in the past year [1] Market Dynamics - JPMorgan has upgraded Vietnam's stock rating to "overweight" and raised the VN Index's year-end target to 1600 points, anticipating continued capital inflow due to a recent trade agreement that reduced U.S. tariffs on Vietnamese goods from 46% to 20% [4] - The sentiment among domestic retail investors is increasingly bullish, paving the way for stronger market performance in the coming months [6] - The number of securities accounts in Vietnam has surpassed 10 million, with over 970,000 new accounts opened in the first half of the year, approaching the regulatory target of 11 million accounts by 2030 [6] Retail Investor Influence - Retail investors now account for over 80% of the trading volume in Vietnam's stock market, significantly higher than in Thailand and Indonesia, making them a dominant force in the market [8] - The excitement among retail investors is palpable, with slogans like "Make Index Great Again" circulating in social circles, indicating a strong cultural shift towards stock market participation [10] - The VN Index rose by 1.2% to close at 1547.15 points on the same day of the record trading volume [11] Economic Context - Low deposit interest rates and rising costs of traditional investments like gold are driving more Vietnamese citizens to seek higher returns in the stock market [8] - The second quarter saw margin loan volumes reach a record 10.9 billion USD, raising concerns about potential volatility if market sentiment shifts [13] - Despite uncertainties regarding U.S. tariffs on goods routed through Vietnam and the potential for a downgrade in market classification by FTSE Russell, optimism remains strong due to ongoing political reforms and government efforts to achieve over 8% economic growth this year [13]

本文来自微信公众号：智通财经 （ID：cailianpress），作者：潇湘，原文标题：《越南股市，成交额破纪录》，头图来自：AI生成 8月5日，越南股市当天全市场成交总额逼近86万亿越南盾(折合人民币238.8亿元)，创下了有史以来单日成交最高水平。而在破纪录的成交额背后，则是该 国股市依然未见停歇的创新高之旅： 越南胡志明指数(VN指数)周二盘中一度刷新了历史最高位1585.98点，年内迄今的累计涨幅高达逾22%，市场持续不断的"牛市行情"进一步激发了越南股 民的投资热情…… 在散户投资者担心踏空的心理驱动下，越南股市已当仁不让地成为了今年东南亚地区最为火爆的市场。根据业内汇编的数据，全球资金也在重新回流越南 市场——7月外资净买入2.98亿美元的越南股票，这是过去一年中仅有的两个外资流入月之一。 他指出，再加上愈发看涨的越南国内散户情绪，这为"未来几个月更强的市场表现铺平了道路"。 富时罗素将在今年9月份作出决定——是否将越南股票的从前沿市场升级为次级新兴市场。越南市场此前已于2018年9月被富时罗素列入可能重新分类的观 察名单，其满足全球标准的努力已获得不少投资者的认可。而近来与美国的一项贸易协议，更 ...