Vietnamese Stock Market: A Positive Outlook with Encouraging Signals
The Vietnamese stock market has come a long way since its inception. Celebrating 24 years of trading, the market has achieved remarkable milestones. From just 2 listed stocks, the market has grown to host over 1800 listed and traded stocks, with a market capitalization of approximately 70% of GDP (over $300 billion). Mr. Bui Hoang Hai, Vice Chairman of the State Securities Commission, shared his optimism, stating that despite existing barriers, “foreign investors are very hopeful, and if Vietnam is upgraded from a frontier market to an emerging market, about $2 billion will flow into the market.”
Alongside existing strengths, the State Securities Commission is actively working to improve mechanisms and policies to enhance the market’s quality. Two key areas of focus are removing the 100% margin requirement for foreign investors and organizations and improving their access to information. With these improvements, Vietnam’s stock market is poised for a new era of dynamism and impressive growth.
While caution is always advised, experts from Mirae Asset Securities suggest investors can remain optimistic about the long-term outlook. They emphasize that, regardless of market conditions, enhancing one’s knowledge about investing and the market is of utmost importance. In addition to staying informed through official and reputable channels, investors may consider participating in stock investment competitions to gain practical experience and insights.
Introducing the Most Reputable and Historic Investment Competition
When it comes to stock competitions, the MAScham contest organized by Mirae Asset Securities (Vietnam) always tops the list. With 6 seasons under its belt, MAScham has navigated through different market landscapes, maintaining its appeal and excitement. The competition has witnessed impressive performances from its champions. During a bullish market, the MAScham 2021 – Season 3 winner achieved a remarkable profit rate of 166.65%. Even in a downtrend, the MAScham 2022 – Season 4 champion managed a respectable 98.66% profit rate. The competition not only challenges participants to test their skills but also offers them a chance to become a part of its rich history.
This year, MAScham introduces a significant increase in prize money compared to previous seasons. The total prize pool stands at VND 865,000,000, including a VND 200,000,000 prize for the Champion Board winner and VND 80,000,000 for the Premier Board winner. Additionally, a lucky spin wheel offers attractive prizes such as Macbook Air, iPhone, iPad, and Apple Watch, totaling VND 205,000,000 in value. The competition promises to be a fiercely competitive yet captivating event. Registration for MAScham 2024 Season 7 will be open from August 12 to September 6, 2024. Don’t miss the opportunity to participate and become the MAScham Season 7 champion!
For more information and to register, visit: https://mascham.masvn.com/
