Many Investors flock to Hanoi Securities Trading Centre

Many investors have left HCM City to make transactions at the Hanoi Securities Trading Centre (HASTC) to seek larger profit.

With the allowed wider trading band (10% vs 5%), investors at HASTC can make twice as much profit compared to HCM City Stock Exchange (HOSE). This explains why investors are flocking to HASTC, though HOSE is still considered the main bourse of Vietnam, and sets higher requirements on listing companies, while HASTC is considered the place for less profitable companies.

It is noteworthy that most of the investors who have left HCM City trading floors to go to Hanoi are small investors.

According to a director of an investment fund in HCM City, investors do not care about the trading floors, the only thing they care about is where they can earn the biggest profit.

The prices of share items listed at HASTC are lower than that at HOSE. “Lower prices and wider trading band both will allow bigger profit,” said Mr Nam.