According to the Vietnam Securities Depository (VSD) center, domestic investors opened 129,751 new securities accounts in October, up nearly 13% compared to September, including 129,564 accounts of individuals and 187 accounts of institutional investors.

The number of accounts opened by domestic investors in October 2021 is the second largest in history, just behind the record number of 140,054 accounts opened in June 2021. This is also the 8th consecutive month that the number of new securities trading accounts opened by domestic investors remaining above 100,000 per month.

For January-October 2021, domestic investors opened a total of 1,086,966 new securities accounts, 2.8 times higher than that of the whole 2020 and even larger than the total number of accounts opened in the previous four years (2017- 2020). In the period 2017 - 2020, more than 1.04 million securities accounts were created.

By the end of October, the total number of securities accounts of domestic investors reached more than 3.8 million, equivalent to about 4% of the population. However, this is still much lower than that of developed countries in Asia.

Also in October, foreign investors opened 401 new accounts, an increase of 249 accounts compared to September. This is the highest number in the past 5 months. In January-October 2021, foreign investors set up 3,636 new securities accounts in Vietnam.

According to experts, the sudden increase of new securities accounts in recent time has been caused by various factors. When other investment channels are less profitable, then the stock market has new peaks. The valuation of the Vietnamese stock market is attractive compared with other countries in the region so it attracts more investors.

Anh Tuan