STOCKS

Cổ phiếu là giấy chứng nhận số tiền mà nhà đầu tư đóng góp vào công ty phát
hành.
Cổ phiếu là bằng chứng và chính là chứng chỉ xác nhận quyền sở hữu của cổ đông
đối với công ty cổ phần. Quyền sở hữu của cổ đông trong công ty cổ phần tương
ứng với số lượng cổ phần mà cổ đông nắm giữ. Vì thế mà cổ phiếu còn được gọi là
chứng khoán vốn.

1. Classify
According to current regulations, there are two types of shares:
- Common shares 
- Preferred shares  
 Voting preference shares 
Shareholders owning preferred shares have more votes than common
shares. The number of votes of a voting preference share shall be
regulated by the company's charter. 
 Dividend preference shares 
Shareholders who own dividend preference shares are paid dividends at a
higher rate than the common stock dividend or a stable annual rate. 
 Refundable preferred shares 
Shareholders owning redeemable preferred shares shall be refunded their
contributed capital by the company at the request of the owners or according
to the conditions stated in the shares of redeemable preferred shares. 
2. Achivement
- (The Covid-19 pandemic led to an unprecedented and rapid decline in
Vietnam's stock market but it recovered quickly in the remaining months
of 2020.)
- The market recorded an unprecedentedly high level of new investor
participation in history.

- (Vietnam stock market is one of the 10 best growth stock markets in the
world)
o At the end of 2020, the VN Index surpassed 1,100 points, reaching
1103.87 points, a sharp increase of 67% compared to the lowest
point of 2020, an increase of 14.9% compared to the end of 2019.
o • HNX Index reached 203.12 points, up nearly 119% compared to
the end of the first quarter of 2020 and up 98.1% compared to the
end of 2019;
 o UPCOM-Index reached 74.45 points, up more than 31.6%.
- The size of the stock market exceeded the target set by the Government
until 2020. The stock market capitalization reached nearly VND 5,294
trillion, an increase of 69% compared to the end of the first quarter of
2020 and an increase of 20, 8% compared to the end of 2019, equivalent
to 87.7% of GDP in 2019 and 84.1% of GDP in 2020, exceeding the set
target.
- • Market liquidity surged to a record high
- • Despite being affected by the Covid-19 epidemic, the average
transaction value in 2020 still reached over 7,420 billion VND/session,
up 59.3% compared to 2019.
- • The number of newly opened domestic investor accounts increased to a
record in 2020. In November alone, domestic investors opened 41,203
new accounts, the highest monthly number in the history of more than 20
operations. of Vietnam stock market. For the whole year of 2020, the
number of newly opened domestic investor accounts reached 393,659
accounts, an increase of 94% compared to the number of new accounts
opened in 2019; Foreign investors opened 2,856 new accounts. The
number of new accounts opened in 2020 is almost equal to 10 years ago
combined. Accumulated to the end of December 2020, the total number
of securities accounts in Vietnam reached more than 2.77 million
accounts, an increase of 16.7% compared to the end of 2019.
-

- The rapid and large entry of new investors, also known as "F0" investors
helped market liquidity increase strongly
- many listed/registered companies still have positive business results, the
number of companies reporting profits still accounts for 84% of the total
number of companies reporting in the third quarter of 2020.
3. Some common stocks increase strongly in 2020 
- VIX increases by 500% in 2020 
  
VIX shares of VIX Securities Joint Stock Company have increased from
the bottom of 4,300 dong/share set at the beginning of the year to 25,900
dong/share on December 22. 
-  VCI stock is up 321% since the beginning of the year 
 
Since the bottom of 13,000 dong/share at the end of March, closing
session on December 28, VCI shares of Viet Capital Securities Joint
Stock Company have reached 54,800 dong/share, up 321%. 
4. Preferred shares 2021 
- Vietnam airline 
Vietnam Airlines' 2021 Annual General Meeting of Shareholders has
approved a plan to issue an additional 800 million shares to existing
shareholders this year to increase charter capital and supplement liquidity.
As a strategic shareholder owning 8.77% of the shares, All Nippon
Airways (ANA) of Japan has about 70 million rights to buy shares. 

- Truong Thanh Wood Industry Corporation (TTF) 

Recently, TTF has completed calling and announced the list of investors
participating in the private stock offering and debt swap issuance
approved at the 2021 Annual General Meeting of Shareholders. In
which, there are 19 units.

BONDS
1. Corporate Bonds
Corporate bonds are divided into two types as follows: 
- Listed bonds: These are bonds that are fully registered and deposited at the
Securities Depository Center and are widely traded on centralized exchanges
such as HNX and HSX. The entire trading process must be based on the
regulations of the Stock Exchange.
- OTC Bonds: Also known as decentralized bonds, are traded on the OTC
market. Trading is not bound by legal policies but is based on private buying
and selling agreements between investors.
- The recent situation of the bonds in Vietnam securities market
Corporate bonds market
 Data from the Hanoi Stock Exchange (HNX) showed that for the whole year
of 2020, the total value of corporate bonds issued reached VND 437,689
billion, up 38.8% compared to 2019. This is also the second year this market
has exploded with an existence called "3-no bonds". Including no credit
rating, no collateral, no payment guarantee.

Bonds of Masan Corporation

b. Vincom Retail Joint Stock Company

Information:
Bond code: VRE12007
Listing volume: 20,000,000.00 
Par value of shares: 100,000.00 
Interest rate: 10% 
Term: 5,00

2. Government bonds
Government bonds are also divided into main 4 groups: 
- Treasury bills:
- Treasury bonds:
- Treasury notes:
- Local government bonds: The issuer of local government bonds is the
People's Committee of the province or city directly under the Central
Government. Local government bonds are issued to invest in programs and
projects specified in Clause 3, Article 4 of the Government's Decree No.
01/2011/ND-CP dated January 5, 2011 on issue government bonds,
government-guaranteed bonds, and local government bonds
 DERIVATIVES
1. Types of derivative in Vietnam stock market

Futures contract position

Futures contract position is the trading position and valid contract volume
that investors are holding at that time. A futures contract consists of a long
position and a short position.

- If an investor predicts that the price of the underlying asset (e.g. the
VN30 Index) will increase in the future, the investor buys a contract,
which is called opening a long position or entering a long position
(buyer). )
- conversely, if the investor thinks that the price of the underlying asset
will fall in the future, the investor will sell the contract and is said to open
a short position or enter a short position (sell side).
Reality

- The Hanoi Stock Exchange (HNX) has just said that the derivatives
trading market on HNX continues to record new impressions in June
2021.

- Accordingly, VN30 index futures product trading reached the highest

level in the first 6 months of 2021 with an average trading volume of
212,145 contracts/session, up 1.16% over the previous month. In
addition, on June 28, the derivatives market received a new product, the
10-year government bond futures contract was put into trading,
contributing to bringing commodities to be traded on the market. market
to 3 products and a total of 10 contract codes.

- Open interest volume (OI) at the end of June trading session reached
29,851 contracts, down 10.69% month on month. The highest open
interest in June reached 33,609 contracts at the trading session on June 7,
2021, and the session with the highest trading volume reached 345,296
contracts on June 10, 2021.

- Regarding Government bond futures contracts, in only 3 trading sessions

at the end of June 2021, there were 823 10 year Government bond futures
contracts traded.
a) VN30 index future contract
VN30 index futures contract is the first derivative securities product available
on the Vietnamese market. VN30 index futures contract represents 30 stocks
listed on HOSE with market capitalization reaching 80% and liquidity always
having the highest value. This product is governed by the freely transferable
share volume ratio.
b) Government bond futures contract (GBFC) or known as a futures contract
on the interest rate of the underlying asset purchase or sale agreement, is the
government bond at a predetermined price at a specific time in the future.
The two parties are obliged to perform that contract at the time of maturity.

Covered warrant (CW)

- After more than 2 years since the covered warrant product was put into
operation in Vietnam, the warrant market has continuously grown in terms of
trading codes and liquidity. In terms of liquidity, the warrants of SSI in
particular have made a big breakthrough, from an average transaction of
about 100,000 CW units/session in 2019 and 2020, to approximately
200,000 CW units/secsion in the first half of 2021.
- At the time WC were launched on the market (June 28, 2019), there
were 7 securities companies that were qualified and licensed to issue
warrants. There are: VPS, HSC, KIS, SSI, MBS, BSC and VND.

1. Types of investment funds in Vietnam

Investment and Development Fund
 Investment and development funds are funds serving the purpose of
building and developing a certain locality, company or enterprise.

Securities investment fund

 Securities investment fund is a fund formed by the capital contribution of
investors with the purpose of earning profits from securities investment in
other assets, including real estate.

Venture Capital – Venture Capital

 This fund is a form of investment to pour capital into high-risk and risky
projects such as investing in a newly established company, unlisted
 shares on the stock market, but with high growth rate. quickly and
especially often applying new technology.
 High risk equals high return, so if people have the need to invest in risky
activities, they need to be patient for a long time.

2. The best fund certificates in Vietnam

a) Techcombank’s fund certificates
Techcombank investment fund is quite familiar in the list of reputable fund
certificates known to many people, this is an opportunity for inexperienced
securities investors to participate in the market but still make profits. high.

- Techcombank Fund's investment products

 Techcomb bond investment fund certificates – expected interest rate of
8%/year or more
 Techcom stock investment fund certificates – expected interest rate from
21%/year
 Techcom flexible bond investment fund certificate – expected interest
rate from 6%/year
- Advantages of Techcombank fund certificates
 Focus on stocks and bonds with good potential and growth in the market
 Having a team of professional financial experts with more than 10 years
of experience and sensitivity to the stock market
 Flexible fund certificates can be transferred, bought and sold
 The initial capital to participate is low from only 1 million VND
 Ensuring credibility and transparency, bringing good returns to investors.

b) Fund certificate of CK SSI. company

SSI is a reputable large securities company that is now trusted by
investors with extremely effective securities brokerage services and
investment in stocks and bonds. Besides, SSI also distributes securities
certificates. Today's best fund with
- Advantages
 Diversified fund certificates such as ENF fund, MAFEQI fund, SSI fund
- SCA...
 High potential stock and bond fund certificates
 Each fund certificate category is only from 10,000 VND, the initial
participation amount is only from 2 million VND
  Save transaction costs, support free transactions with holding period of
12 months or more.

1. Tất cả các phần: thêm khái niệm của từng loại (ngắn gọn thui)
2. Stocks: phân biệt giữa common và preferred stocks (lập cái bảng so sánh các tiêu chí:
quyền lợi, …)
3. Bonds:
- Bank bonds là thuộc corporate bonds hay là riêng 1 loại
- Lập bảng phân biệt giữa treasury bonds/bills/notes và local gov bonds (chủ thế phát
hành,..)
4. Derivatives: so sánh các future contract dựa trên các tiêu chí trên hợp đồng
5. CW
- So sánh giữa CW với derivatives (lấy 2 cột đầu) https://online.hsc.com.vn/tin-tuc/de-
dau-tu-chung-khoan-hieu-qua/phan-biet-chung-quyen-voi-mot-so-san-pham-chung-
khoan-khac.html
6. Fund certificates
- Types với form có khác gì nhau k?