Number of domestic individual securities accounts hits 8.96 million
Number of domestic individual securities accounts hits 8.96 million
Individual domestic accounts increased by 156,568 in October this year, marking a steady growth similar to that from September, according to data from the Việt Nam Securities Depository and Clearing Corporation (VSDC).
An investor follows transactions on the stock market. — Photo laodong.vn |
In contrast, in October of last year, VSDC recorded a reduction of around 378,000 accounts due to the closure of inactive accounts.
For the first 10 months of this year, individual domestic accounts grew by a cumulative 1.73 million, averaging an increase of around 173,000 accounts per month.
As of the end of October, the number of securities trading accounts held by individuals in Việt Nam reached 8.96 million, equivalent to about 8.9 per cent of the population.
Meanwhile, domestic institutional investors saw an increase of 121 accounts in October, compared to 90 in September. From January to October, domestic institutional investors added 1,257 accounts.
For foreign investors, last month saw an increase of 230 accounts, higher than the 202 added in September. This included 202 new accounts by foreign individual investors and 28 by foreign institutions.
The total number of foreign investor accounts in Việt Nam currently stands at 47,436, reflecting international investors' growing diversity and participation in the Vietnamese stock market.
In total, 156,919 new accounts were opened last month. Although slightly lower than in September, this brought the total number of securities trading accounts in the Vietnamese market to 9.02 million by the end of October.
