Vietnam’s stock regulator introduces limits on lending for margin trading
Vietnam’s State Securities Commission introduced limits for equity margin trading, allowing securities companies to lend a maximum 40 percent of the value of equity purchases to investors, the commission said in a statement on its website late yesterday.
Securities companies can provide the loans to investors for no longer than three months, the regulator’s statement said.
The benchmark VN Index advanced 1.3 percent today to 424.71, the highest level since July 11. The gauge gained 4.7 percent this month, the world’s second-best performer after Venezuela’s key index, data compiled by Bloomberg show. The VN Index is still down 12 percent this year.
Vietnam ordered lenders on Aug. 29 to set aside more dollars as reserves for the third time this year to tame Asia’s fastest inflation rate, which reached 23.02 percent in August, the quickest pace in 33 months.
bloomberg
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