About 30 student groups were given 20 million VND to invest in stocks, receiving interest if any, when participating in the Investment Challenge 2024.
This is the benefit when these groups enter the second round of the Vietnam Student Securities Investment Competition - Investment Challenge 2024 (IC 2024) organized by Ton Duc Thang University, opening on the afternoon of January 15.
Dr. Nghiem Quy Hao, Head of the competition's organizing committee, said that this is the only academic and practical playground for students about stock investment with real money and real accounts in Vietnam today.
"Students have the opportunity to directly invest and hone their professional skills," Dr. Hao assessed.
Mr. Nghiem Quy Hao (holding a gong) beats the gong to open the competition on the afternoon of January 15. Photo: Le Nguyen
According to the organizers, more than 2,200 students from 102 universities and colleges nationwide registered to participate in the competition. After the basic knowledge test, about 100 candidates were selected and divided into teams (each team of 3 members) to invest in real life for two months. Each team was given a capital of 20 million VND (refundable after the competition ended).
During this time, students are guided by experienced consultants, analysts, and brokers from securities companies about market knowledge, how to trade, and buy and sell securities. If the investment is profitable, the team will receive the profit, but if there is a loss, the organizers will support the contestants with 20% of the loss.
The 10 best teams - with the highest profitability - will compete directly in the final gala on May 15. In this round, the teams will present and report their investment strategies to the judges, who are experts from the Ho Chi Minh City Stock Exchange, securities companies, and leading financial institutions in the market.
The first prize winning team will receive 20 million VND in prize money, the second prize will receive 10 million VND, and the third prize will receive 6 million VND. In addition, all finalists will be introduced to internships at securities companies, receiving salaries and certain incentives.
Students attend the knowledge test round, afternoon of January 15. Photo: Le Nguyen
Mr. Nguyen Gia Duong, lecturer of the Faculty of Finance and Banking, Ton Duc Thang University, said that the competition was first launched in 2017 at the school level, then moved to the city level, the Southern region and expanded nationwide in 2022.
In 2023, the competition attracted more than 2,000 students from 93 universities. However, the investment level for teams was only from 10 million VND. The team with the highest profit margin this year reached 51%.
Le Nguyen
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