New stock accounts in 2021 exceed total of last three years
The number of securities accounts opened in the first eight months of this year was 842,405, higher than the combined figure of the last three years.
An investor looks at stock prices on a smartphone at a brokerage in Ho Chi Minh City. Photo by VnExpress/Quynh Tran
120,379 accounts were opened in August, the second highest ever after June’s 140,000, according to data from the Vietnam Securities Depository.
Many brokerages have in recent months been opening accounts online amid the social distancing in major cities.
Interest in stocks remains high as banks continue to keep deposit interest rates low. Besides, analysts have said Vietnam’s stock market has the potential to grow for decades.
There are now 3.6 million securities accounts, equivalent to 3.8 percent of the country’s population.