Data from Vietnam Securities Depository shows that the number of new stock market account openings fell dramatically in July, to nearly 199,000, down 57 per cent compared to June. Liquidity in the market also fell sharply. The average trading value on HoSE, HNX, and UPCOM was down 24.1 per cent against June and 45.7 per cent year-on-year.
Deposits by economic organizations into banks increased sharply in the first half of the year. According to experts, the new outbreak of Covid-19 in April resulted in many enterprises temporarily suspending operations, with money previously set aside for production being transferred to banks to earn interest. Figures from Vietnam Securities Depository (VSD), meanwhile, show that, as of the end of June, domestic investors had more than 3.39 million securities accounts, equal to 3.5 per cent of the population.
