Stock trading accounts rise to historic high

According to the Vietnam Securities Depository, 4,265 new accounts were opened on average each day during May, when the total number increased for a sixth straight month to go past the previous record of 7.82 million in September 2023.

The benchmark VN-Index has been hovering around a two-month peak of 1,280 points.

The stock market has gained 11.7% this year, almost the same as the whole of last year.

Saigon – Hanoi Securities expects the VN-Index to gain 3% from here to reach 1,320 points.

Since March daily trading has been worth around VND20 trillion, rising VND40 trillion on some days.

But foreign investors have been selling since the beginning of the year.

Some analysts have said it is a good time to invest in stocks if people are willing to wait for two or three years to make profits.