81,000 new accounts opened in the first month of the year, the lowest in over a year

According to data from the Vietnam Securities Depository (VSD), the number of domestic investor accounts increased by nearly 81,000 accounts in January 2025, a sharp decrease compared to the end of last year.

According to data from the Vietnam Securities Depository (VSD), the number of domestic investor accounts increased by nearly 81,000 accounts in January 2025, a sharp decrease compared to the end of last year.

This is the lowest increase since December 2023.

New accounts opened in the first month of the year mainly came from individual investors while institutions only added 52 accounts. As of the end of January, domestic individual investors had a total of more than 9.3 million accounts, equivalent to about 9% of the population, completing the target ahead of schedule in 2025 and aiming for 11 million accounts by 2030.

In January 2025, the stock market was somewhat quiet. The average trading volume on the HOSE floor reached just over VND 11 trillion/session, down 22% compared to the previous month and 32% compared to the same period. The VN-Index closed at 1,265.05 points, almost the same as at the end of December 2024.

In the context of weak liquidity, foreign investors are still making strong net selling moves in the first months of 2025 with a value of more than VND 10,000 billion. In 2024, this group will net sell about VND 90,000 billion on HOSE, mainly due to exchange rate stories, geopolitical fluctuations...

Many expect that in 2025, foreign investors will reduce their net selling momentum and return to the Vietnamese stock market with the story of market upgrade.

Ms. Vu Thi Chan Phuong, Chairwoman of the State Securities Commission (SSC) shared at the New Year gong-beating ceremony at HOSE that the stock market's performance reflects the sum of domestic and international macro factors, the health of enterprises... through the lens of investors' confidence and expectations in the market. Therefore, the stock market's performance this year and in the coming time will continue to depend largely on macroeconomic policies and the domestic and global economic outlook.

In its World Economic Outlook 2025 report, the International Monetary Fund (IMF) forecasts global economic growth to reach 3.2%, the same level as in 2024. Meanwhile, the Organization for Economic Cooperation and Development (OECD) forecasts that the global economic stability will be maintained in 2025 and 2026 with the same GDP growth rate of 3.3%. However, the IMF also warns that there will be many unstable and unpredictable factors for the global economy, including potential trade conflicts, geopolitical tensions, an excessively strong US dollar and the weakening of some countries' economies.

We believe that the world's advantages and challenges will continue to have a multi-dimensional impact on Vietnam's macroeconomic situation in general and the stock market in particular. Overall, the domestic stock market in 2025 is forecast to have a brighter color scheme, thanks to the breakthrough expectations from Vietnam's internal factors, according to Ms. Phuong.

The upgrading of the stock market depends on the objective assessment of international rating organizations through the practical experience of foreign investors. However, according to the records of international and domestic organizations, Vietnam has many opportunities for FTSE Russell to upgrade according to the roadmap. On the management side, the highest efforts are still being made to carry out the next tasks to remove bottlenecks such as implementing the central clearing partner (CCP) mechanism, coordinating proposals to expand foreign room, implementing information disclosure in English... to meet the upgrading criteria according to MSCI standards.

In 2024, Circular 68/2024/TT-BTC was officially issued, marking an important step forward, removing legal bottlenecks, meeting the upgrading criteria of FTSE Russell.

Through practical records, the implementation of non-prefunding transactions by foreign institutional investors has been smooth, meeting the transaction needs of investors and ensuring safety and transparency from market members and related parties. Along with that, the Securities Law (amended) has also been issued, including many additional regulations to meet the standards for upgrading the stock market.

Source: https://baodautu.vn/81000-tai-khoan-mo-moi-thang-dau-nam-thap-nhat-trong-hon-mot-nam-qua-d244843.html