Tag: middle-income trap

At the close of the trading session on November 28th, Vingroup Joint Stock Company (HOSE: VIC) achieved a historic milestone, surpassing a market capitalization of 1 quadrillion VND. This remarkable feat solidifies Vingroup as the first-ever Vietnamese enterprise to reach this pinnacle in the nation's stock market history.

The VN-Index closed in the green for the final session of the week, marking its third consecutive week of recovery. However, the upward momentum remains unconvincing, as liquidity stayed low and buying demand failed to broaden. Without significant improvement, the market is likely to continue experiencing sideways movement and volatility, particularly as the index approaches the psychological threshold of 1,700 points.

On November 26th, Vietnam Asset Management Joint Stock Company (VCAM) and its affiliated fund, Vietnam Discovery Investment Fund (VCAMDF), registered to purchase a combined maximum of 1.1 million shares of Vietcap Securities Joint Stock Company (VCI).