Vietnam stock market sees surge in new trading accounts. Illustrative photo
According to the Vietnam Securities Depository and Clearing Corporation (VSD), the number of newly opened retail accounts reached the highest level in six months, coinciding with a historic rally on the market. In August alone, the VN-Index rose by over 187 points, equivalent to nearly 12 percent.
Domestic individual investors opened 257,195 new accounts, pushing their total to over 10.6 million, or 99.3 percent of the entire market. Local institutional investors also opened 164 new accounts, bringing their total to 18,667.
Among foreign investors, 249 new individual accounts and 24 new institutional accounts were added in August.
Vietnam’s stock market development strategy to 2030, approved in late 2023, had set a target of 9 million investor accounts by 2025 and 11 million by 2030. However, the 2025 target was surpassed two months ahead of schedule.
With fewer than 300,000 additional accounts needed to meet the 2030 goal, and millions of new accounts being opened annually, market watchers say the milestone could be reached as early as this year.
