Vietnam Stock Market

Shares at an average price of VND11, 225 a piece bought, while the highest value of VND16, 500 and below was VND10, registered 900th.The company achieved a turnover of billions of euros ($ 6,600,000) VND129.2 by auction. BIDV Insurance sales VND346.1 billion ($ 17,700,000) during the first half of this year, as compared to the previous year by 62 percent.

The Ministry of Finance (MOF) at the request of the public on a draft circular on the revised accounting rules for corporations will be forced all the agents to make public, their investment portfolios to regular financial reporting.

Vietnams economy will be stronger in the last months of this year and the countrys GDP is likely to reach 6.5% target or higher, said the government. The optimistic forecast was the monthly meeting of the Cabinet held July 3 to August 4 in Hanoi, write to discuss the first seven months of the talks for the rest of 2010.

Viet Dragon Securities Co. in mid-July have reduced the fee from 0.05% to 0.045% per day for a product called the joint investment between the company and investors. This is a product that allow investors to allocate funds for the broker to use their own funds to purchase shares.

Many real estate companies have listed shares on the stock market but experts warn investors on risks associated with this kind of stocks despite its attraction on high profits. The southern bourse welcomed three property companies last week and has received listing dossiers of many other real estate firms which expect to float shares on the bourse this month.

Today these players net bought VND13.1 billion of Vietnamese shares on the Hochiminh Stock Exchange after buying 2.313 million shares for VND112.91 billion and selling 2.515 million shares for VND99.81 billion, accounting for 9.23% buying value and 8.16% selling value on the HoSE.

Most stock investors in HCM City have heard of Hung (the names of those interviewed in this article have been changed), whose assets have jumped from VND100 million to nearly VND100 billion and who is a shareholder in a host of companies, listed or otherwise.

Vietnamese companies can ensure payment to the State, the authorization for the sale of bonds by half to be made according to the different license fees, according to a statement even in a government website.

Local experts have a pessimistic view of the financial results of the voting and investment firms said they find it difficult to detect, given 2010 profit boring business objectives and lower cash flow in the market in the first half of this year .

VNINDEX briefly broke down support at 496 after losing 6.67 points (-1.34%) to close at 491. Retail sentiment is still weak as some investors, especially financial leverage users, are forced to cash out at the current levels. Weaknesses are still seen until the buying interest becomes much more active.