Vietnam stock exchange

1191POSTS

9 years ago

Anyone buy stocks on the Ho Chi Minh stock exchange?

Trying to figure out which brokerage to go with and figuring out all the fees for buying and selling stocks.

The brokerage I deal with in Canada charges 0.64%/stock and if I trade more stocks in a month my fees is even lower.

Reading Sacombank securities for example they have a tiered fees of all sorts.

Stock transaction fee of of 0.25% under 100 mil VND. So they charge fees on how much money you use? That can be costly if you spend a lot of money.

Than they have this securities transfee fee:

"1 VND/share/transaction (minimum VND 50,000/transaction and maximum VND 1,000,000/transaction/Share)"

Just confusinng with the language barrier and trying to understand how the ho chi minh stock exchange work.

If anyone has time to explain all this to me over coffee I would be grateful. And if not I'd like to hear your experiences buying and selling stocks in Vietnam either directly or online.

See also

Opening a bank account in Vietnam - Guide
Foreign exchange services in Vietnam - Business
U.S. Dollar to Vietnam Đồng Exchange Rate - 106 Replies
Exchange Rate - 9 Replies
Currency exchange - 10 Replies
Exchange language - 11 Replies
language exchange, English / Vietnamese - 8 Replies

Guest2023 Guest

0POSTS

9 years ago

The agents here work the same way the banks do, they work on percentages,you pay a certain amount of what you buy. Here they also allow you to buy up to the day before the dividend due date, something that surprised me. The other thing is the way they figure out the dividend payment and you also pay 5% tax on dividends received. Not all shares are available to foreigners, but that is changing very quickly as the government owns many of the companies and can make a nice dollar from this. It's not a very big market as per volume or value of shares but it's growing each and every year. I know squat about the market just what I have learnt since buying here over the last 12 months.

khanh44 ViP

1191POSTS

9 years ago

Thanks. Liquidity sounds like an issue. And if you sell stocks do you have to wait t+3 days to buy again? If you do that'll be a huge problem.

Fee wise it doesn't like enticing. I'll probably wait for the next recession before buying any stocks. It's been almost 8 years since last recession in the US.

Yogi007 Serial expat

948POSTS

9 years ago

Hi Khanh
That 0.64% in Canada sounds steep. I'm paying 0.12% with brokers in Australia with further discounts on multiple trades within a month.

If sacombank are at .25% depending on the tiered arrangement it's getting closer to reasonable.

Normally on the foreign exchanges you can trade immediately from a sell order executed, since the settlement funds are held in a "trade" account for 2 days prior to going to your cash account. HERE?....do they have that system?? If not , your at a huge disadvantage having funds in limbo while buy opportunities go begging if your waiting on those funds.

I personally wouldn't touch the Vietnam market. The prisons are full of dodgy bank workers and company execs. The balance sheets of a lot of companies here are "cooked" and barely worth wiping your ass with.

But if you like living on the edge , give it a shot.

I often think a safe way of investing in Vietnam is by finding a blue chip multinational that operates here with positive growth forecasts and rising dividends, and buy stock in that company thru a reputable broker .

Yogis been doing that . It's working ok.

Bazza139 ViP

1257POSTS

9 years ago

Quoth the Raven: Nevermore!

"I personally wouldn't touch the Vietnam market. The prisons are full of dodgy bank workers and company execs. The balance sheets of a lot of companies here are "cooked" and barely worth wiping your ass with"

Yogi has spoken:
..so the whispers were true...

The Eternal wisdom of Yoda lives on in his love-child

Yogi's street-smart is a mystery nevermore...

Yogi007 Serial expat

948POSTS

9 years ago

Hi Bazza,

😀😀. If Yogi was as smart as he would prefer to be, he wouldn't be here in his current situation to begin with.

But, he's adapted well and enjoying the new chapter in his life.

It's all a journey, and as you said, just keep wandering and wondering.

Bazza139 ViP

1257POSTS

9 years ago

Thanks Yogi!

Leaving the great southern suffering was the best move for me too.

Dunno about the smart part, but watching friends lose the lot in 2008
I wouldn't touch the S&S market: full stop. And given the (too many)
pundits predicting the next recession, I split my values into assets,
gold & cash. But I think I have enough to not worry. You sound Ok
since you already know it is in the travelling, not arrival.

Adapting well? Glad to hear someone else is! This is mind-bendingly
the best place to be - and it just keeps getting better!!!

Keep on Truckin'

THIGV ViP

4427POSTS

9 years ago

If you really are optimistic about Vietnamese stocks, there are ETF's and other funds that one can buy into on western markets. With an online brokerage, they could be less expensive to trade than stocks on the VN exchange.

VNM Market Vectors Vietnam ETF NYSE
VNH Vietnam Holding Limited LON
VNF PXP Vietnam Fund Ltd. LON
VCVOF VinaCapital Vietnam Opportunity Fund OTC (NY)

I owned VCVOF several years ago but sold it as it was drifting downward. I don't know about the London funds but VNM is probably more liquid then VCVOF which I recall took me a few days to sell. Personally, I don't think any of these look too good and the underlying stocks may not be any better.

jimcantrell65 Contributor

107POSTS

9 years ago

This will probably get removed as off topic, so I'll put some "topic" I won't invest in it either...ha ha Yogi and Bazra you may remember me the American....who wanted to come well I'm here....been here close to three months and loving it ! job stressful at times..... Dealing with VN factories as a trader is a challenge but my God I love the place and people. Won't lie Miss some of my American foods and yes my family but nothing else......

Bazza139 ViP

1257POSTS

9 years ago

#10

Too late, mate. We know you're too smart to invest here...

..nor will we be saying we told you (are) so...

Welcome to Utopia

Yogi007 Serial expat

948POSTS

9 years ago

#11

Hey Jim,
Yogi remembers you . Your the guy selling the kitchen ware and landed a job here as a sales manager for a local company .

I'm happy to hear your enjoying your new surroundings. It's a good life here.

Bazza139 ViP

1257POSTS

9 years ago

#12

Feel safe.

The site has been detoxed, trolls tamed and humans habituated.

Which is why there isn't much interest in this forum..? Do tell.

Some snarky snippets might be needed, for the financial issues
might be sailing too close to politics..? But who knows?
Only a few short days ago we were discussing religion, so maybe
the reins have been loosened by big brother, pumpkin, well, big...

Watch this one vanish. if it doesn't, they are desperate...

jimcantrell65 Contributor

107POSTS

9 years ago

#13

yes sir I came "home" at fifty years old.....never been treated better in my life. Yes there is much different but thats ok....That's why I came, when you work and live with good people not much more you can ask for

Bazza139 ViP

1257POSTS

9 years ago

#14

True. So you deserve our 'told you so'

..but now you are here, and know it too, so I guess
we all need to find it for ourselves. Like the old saying;
Open the door to your mind before you open the door to the world

No one else gunna do it for us...

jimcantrell65 Contributor

107POSTS

9 years ago

#15

you were a big inspiration Bazza..... maybe i've been luck or just hang with the right people but I've so far found all the bad stuff foreignors say about viets is not been the case with me. i havent been over charged.... they go out of their way to help me . ----free! and they look out for my saftey and welfare?????? how could you not love these people!!!!! they open their homes up and share their food with me!!!!!

Guest2023 Guest

0POSTS

9 years ago

#16

You have been here a very short time, get back to us in a few years and let's see where you're at.Its not being negative,it's a fact that it's all new and fresh, just like a new car.

As far as overcharging, you won't know if you have been overcharged unless you know the costs of everything. I had com tâm the other night at a new place, I know the price and of course the owner thought she could overcharge the Anh Tay, it happens, trust me, your being very naive if you think it won't.

Bazza139 ViP

1257POSTS

9 years ago

#17

jimcantrell65 wrote:
you were a big inspiration Bazza..... maybe i've been luck or just hang with the right people but I've so far found all the bad stuff foreignors say about viets is not been the case with me. i havent been over charged.... they go out of their way to help me . ----free! and they look out for my saftey and welfare?????? how could you not love these people!!!!! they open their homes up and share their food with me!!!!!

Aw... ..Shucks... But it's not me. Must be the red cordial...

..but just so we stay with the relevant relativity..?
(read as: keep the moderators happy!) Let's pretend to be positive..?

"Trying to figure out which brokerage to go with and figuring out all the fees for buying and selling stocks."

..is the same cabbage. Camouflaged of course...

I have severe doubts it's just me. Empirical evidence proves a positive attitude gives positive results because (even) if we stuff it up, we also learn to do it better.

Otherwise known as human associative learning. Linking the CS to the UCR.

Ivan Petrovich Pavlov won the Nobel prize for his studies on the digestive system which still stand today, 100 yrs on. But we (mostly) remember only the dogs...

So if we begin by looking for positives, we find them.

..(even) in stocks & shares...

Bazza139 ViP

1257POSTS

9 years ago

#18

Col is correct too

"You have been here a very short time, get back to us in a few years and let's see where you're at.Its not being negative,it's a fact that it's all new and fresh, just like a new car."

Maybe(?) once it has become melded into our mindset we still might find it's not (all)
the bed of roses we want it to be. Much like life, really.

Be careful. You're standing in it

I prefer to be positive

jimcantrell65 Contributor

107POSTS

9 years ago

#19

Coll I am sure you are right. the sales person in me wants to always see the positive. I have challenges working with my viet team mates sometimes....bc their mindset is different. But I love the sights, the smells, the scenery of Vietnam....and the low cost of living is a pig plus..... No I am scared of the price of stocks here.....haha but I just want to always see the positive, and try to fix....business wise the negative........ maybe I have been over charged some where....The only place I thought was excessive at a western stake house in district one...... I suppose it helps because I have so many viet friends ...co workers and such, that they watch out for me......my woman loves me to no end....she has spent way more money on me than I have ever spent on her. She will come for a visit, and when she leaves, I find a fridge full of food....soups cooked and frozen so I can just heat up......I was wondering why I never got an electric bill and found out she paid it for me.....she didn't tell me I had to inquire.....When it get where I don't love it....I'll leave haha....but no stocks for me please!

khanh44 ViP

1191POSTS

9 years ago

#20

sorry not 0.64%. My broker charges about $0.55/stock and less if I trade more.

I'm more a blue chip investor and I stay away from speculative stocks .

I agree Vietnam's stock market is not reliable and is known to fudge the books. Vincom is the only company that had independent foreign audits otherwise most companies stocks are easily manipulated.

I was thinking try a small amount I'm comfortable losing in the Vietnam market just to see what the water is like.

khanh44 ViP

1191POSTS

9 years ago

#21

that's awesome Jim. The first year they call it the honeymoon phase. Everyone is nice to you.

But I can see you have an open mind you will do well in Vietnam.

uocmofrv1 Member

1POSTS

9 years ago

#22

Hi Mr Khanh, my name is Dung, I go by Joy as well. My expertise is in Vietnamese stock market. So definitely I can help you answer all the questions. Coffee works for me to help you understand more.

THIGV ViP

4427POSTS

9 years ago

#23

khanh44 wrote:
Than they have this securities transfee fee:

"1 VND/share/transaction (minimum VND 50,000/transaction and maximum VND 1,000,000/transaction/Share)"

Gong back to your original post, I wonder if the 1VND fee is a government tax. I know a similar tax has been proposed in the US as a way of curbing electronic trading, although I would think revenue generation may be what is happening in Vietnam.