According to data from the Vietnam Securities Depository (VSD), the number of newly opened securities accounts in March amounted to 113,875 accounts, breaking the record achieved in January. This is also the first time the number of newly opened securities accounts in 1 month exceeds 100,000 accounts. In the first 3 months of the year, investors opened 257,998 new accounts, equivalent to 65% of the number of new open accounts in the whole of 2020. The number of newly opened accounts spiked in March, raising the total number of securities trading accounts in Vietnam to exceed 3 million for the first time. Domestic individual investors continue to be the core in the wave of opening new securities accounts. By the end of March, the number of securities accounts of domestic individual investors reached 2,981,403 accounts, an increase of 113,191 accounts compared to the previous month. The number of securities accounts of institutional investors also increased by 149 accounts to 11,630 accounts.
Notably, March also witnessed a strong return of foreign investors when foreign investors opened up to 535 new accounts, the highest number since June 2018. In which, individual investors opened 502 new accounts and foreign organizations opened 33 new accounts. This is a positive signal to the expectation that foreign investors will return to net buyers in Vietnam market.
According to statistics from the beginning of 2021 to the end of April 7 session, foreign investors have net sold more than 18,000 billion dong on the HoSE, however, the signal to decrease selling has begun to appear. Foreign investors even net bought 577 billion dong on HoSE since the beginning of April.
The return of foreign capital and the abundant money pouring into stocks from domestic investors is expected to positively support the movement of the VN-Index in the coming time.
Source: bizlive.vn – Translated by fintel.vn