Local brokerage house Bien Viet Securities has
completed a list of selected firms to be included in a newly launched
index system for foreign investors in Vietnamese stock markets.


The index, titled CBV International Index, includes 15
selected firms. It aims to provide up-to-date information of listed
firms on both the Ho Chi Minh City and Hanoi bourses, including the
foreign cap of each selected firm.


The chosen firms must have at least 50 million USD of
floated market capital and current foreign ownership availability of
more than 9 million USD.


The companies must also have an average trading value
of at least 500,000 USD per day and a P/E (price to earnings per share)
ratio lower than 25.


“The market now is going through tough times. We have
tightened the criteria and number of selected firms to ensure the best
selection so the index reflects the real value of each selected firm in
it,” said Bien Viet Securities’ Deputy Director Vu Duc Nghia.


“With this index we now aim at foreign investment
institutions as our major clients. But in the future we will expand it
to individual foreign investors,” Nghia added, saying the index would
be developed further with diversified criteria and the number of
selected firms would also be doubled.


At present, the company has launched a total 10
indices for securities investment for both domestic and foreign
investors, such as CBV-Index, CBV-Midcap, or CBV-Largecap.