According to data from the Vietnam Securities Depository (VSD), the market has welcomed 1.45 million new accounts since the beginning of the year, bringing the total to 10.75 million. Individual investors account for 99.37% of this figure, significantly outnumbering domestic and foreign institutions.

August saw more than 257,000 new accounts enter the market, while previous months only saw an average increase of 150,000-200,000 accounts. This is the highest monthly increase in over 3 years.

Securities accounts fluctuated significantly as the VN-Index experienced 4 consecutive months of growth, pushing the index from 1,226 points at the beginning of April to 1,682 points at the end of August. In the most recent month alone, the index representing the TP HCM exchange increased by approximately 12%.

Market liquidity also improved considerably, with more than 1.75 billion shares changing hands per session. The average trading value reached over 49,500 billion dong, a 41% increase compared to the previous month.

The analysis team at Rong Viet Securities believes that the capital flow from individual and domestic institutional investors is the main driver for the market's continued upward trend. It is estimated that both individuals and institutions net bought around 20,000 billion dong in August.

In terms of influence, institutional investors account for only 0.2% of the total number of accounts, but their trading value and impact on the index are increasing. According to statistics from Mirae Asset Vietnam, in the 2023-2024 period, this group contributed 6-10% of the daily trading value, while now it has reached 40-50%.

At the 25th-anniversary celebration of the Vietnamese stock market at the end of July, Vu Thi Chan Phuong, Chairwoman of the State Securities Commission (SSC), said one of the industry's goals is to achieve a reasonable balance between individual and institutional investors, both domestic and foreign.

Phuong Dong