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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

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Jamille Tran

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.

    Asean BusinessAseanVietnamArtificial IntelligenceStocks

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