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Dearth of tech listings spurs calls for specialised exchange in Vietnam

The country’s stock market has seen little action from the global AI and Big Tech equities frenzy

Published Fri, May 10, 2024 · 05:00 AM
    • Tech and telco businesses make up merely 2 per cent of the total number of listed companies on Vietnam's local bourses.
    • Tech and telco businesses make up merely 2 per cent of the total number of listed companies on Vietnam's local bourses. PHOTO: REUTERS

    [HO CHI MINH CITY] Le Van Nam, an investor in Vietnam, has been meticulously scouring the Vietnamese stock exchange for promising tech stocks, hoping to claim a slice of the action in the big global boom in artificial intelligence (AI).

    Having spent three years at a venture capital (VC) fund specialising in early-stage tech startups, the 28-year-old had expected companies in several key sectors – chiefly microchips, data centres, cloud and telecommunications – to be the key beneficiaries of the burgeoning AI space.

    But he has not had much luck so far.

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