Information from the Vietnam Securities Depository (VSD) confirmed that in August, home buyers opened 120,506 new securities accounts, a rise of greater than 19,000 accounts in comparison with the earlier month. Through which, particular person buyers opened 120,379 new accounts and 127 accounts got here from institutional buyers.
The variety of new home investor accounts opened in August was the second largest in historical past, second solely to the variety of new accounts opened in June with greater than 140,000 accounts.
The variety of new accounts opened in August continued to extend sharply, regardless of the influence of social distancing in lots of provinces, which can come from the truth that securities firms have now utilized eKYC (digital buyer identification), buyers can simply open an account on-line with out having to go to the place like earlier than.
Within the first Eight months of the yr, home buyers opened 842,405 new securities accounts, bigger than the entire variety of newly opened accounts in 3 2018; 2019 and 2020 mixed (whole Three years reached 837,345 accounts).
The latest large opening of securities accounts by home buyers has many components, essentially the most vital of which is (1) the low deposit rate of interest; (2) The company bond channel is tightened due to Decree 81; (3) Vietnam is the intense spot of world financial development; (4) Valuation of Vietnam’s inventory market is engaging in comparison with different international locations within the area; (5) Prospects for upgrading to rising markets within the subsequent 2 years; (6) Individuals have much less alternative of funding channels and (7) The appliance of eKYC makes opening an account extra handy.
The sturdy entry from home buyers helped the market liquidity to blow up strongly and in August, market liquidity returned to the “billion greenback” common per session.
As of the tip of August, the entire variety of home investor securities accounts is almost 3.6 million, equal to about 3.8% of the inhabitants. It is a a lot decrease price than developed international locations within the area.
Additionally in August, international buyers opened 259 new accounts, down barely from the earlier month. Within the first Eight months of the yr, international buyers opened 3,083 new securities accounts in Vietnam.
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