The HCM City Stock Exchange (HoSE)’s technical system was under significant pressure with billions of new shares recently listed and to be listed on the bourse and huge cash inflow which boosted the market liquidity to record levels.

With increasingly rapid developments occurring in the gold and stock markets, economic experts believe these represent risky investment channels, with investors needing to carefully consider all of their financial decisions.

Traditional investment channels such as stock or real estate markets are set to continue to be the focus for investors in 2021.

The stock market ended 2020 with diverse notes, from the selloff in Q1 which sent the VN-Index down to 660 points, the lowest in four years, to the recovery and strong rally, especially in Q4.

The following are the top 10 events of the Vietnamese securities market in 2020, selected by the Securities Journalist Club of Vietnam.

The stock market witnessed rare strong fluctuations in 2020, reflecting the historical fear and strong expectations of investors.

Commercial banks have been rushing to list shares on the stock exchange, not only because of the D-day but also because the wave of king stocks has returned.

The Vietnamese stock market can surprise investors with a “big year” returns during the 2020-24 period.

After recent merger and acquisition (M&A) deals, South Korea-owned securities firms are expanding their influence on the Vietnamese stock market.

The managers of large corporations have made big money recently as share prices have soared.

Vietnam’s equity market has been attracting trillions of VND in investment capital via the flourish of equity funds.

Starting on December 5, investors will have to pay a 5 per cent individual income tax if they want to sell bonus and dividend shares in accordance with Decree 126/2020/NĐ-CP.

Given a high-risk nature, losses are almost inevitable for investors in forex trading.

Viet Capital Securities (VCSC) has released a report which says Coteccons, the largest construction company in Vietnam, may lose VND60 trillion, or nearly $2.6 billion in 2021-2025.

There are signs of foreign capital returning to Vietnam in the context of global stabilization. Vietnam has a great opportunity to break out thanks to the rapid recovery from Covid-19 and its open economy.

Margin rates offered by securities companies have been steadily lower since the beginning of the year. They have even declined faster than the rates of bank loans, a trend reinforced by foreign securities players.

The VN-Index edged up 2% month-on-month in October to finish at 925.47 and was among the best-performers in the world.

Following a report about unsatisfactory business results, the business of Nguyen Thanh Phuong, a well-known businesswoman, is mobilizing capital for new business plans.

Trinh Van Quyet, president of FLC Group, has decided to spend nearly VND100 billion to buy FLC shares, though prices have increased sharply recently.

The good relations between Japan and Vietnam are fueling Japanese capital flow into Vietnamese enterprises through portfolio investments.