"VNM19" DR on Vietnam stock to start trading on October 10

“VNM19” DR on Vietnam stock to start trading on October 10

by SET News

October 10, 2024

in SET

Reading Time: 2 mins read

The Stock Exchange of Thailand (SET) has announced the listing of a depositary receipt (DR) based on the listed shares of Vietnam Dairy Products Joint Stock Company (Vinamilk), Vietnam's largest dairy manufacturer and distributor. Listed on the Ho Chi Minh Stock Exchange, Vinamilk boasts a global presence in 60 countries and is ranked 36th among the world's dairy product companies. The "VNM19" DR, issued by Yuanta Securities (Thailand) Co., Ltd., is set to begin trading on October 10.

DR “VNM19” refers to the shares of Vinamilk Vietnam Dairy Products Joint Stock Company, which is listed on the Ho Chi Minh Stock Exchange. Vinamilk is the largest producer and distributor of dairy products in Vietnam. The company currently has markets in 60 countries around the world. and is ranked 36th in the World Dairy Product Company. DR “VNM19” will begin trading on the stock exchange. From October 10, 2024 onwards, DR is an instrument in which investors have the opportunity to receive benefits similar to holding foreign securities. Investors can trade through their brokerage account with baht.

Benefits of DR

DRs make it simple for local investors to invest in foreign securities. Investors can purchase DRs in Thai bath through securities trading accounts. They can also monitor news, rights and benefits from the issuers’ regular reports.

DRs are ideal for investors looking to diversify their portfolios into foreign securities or ETFs. Investors can choose between short-term investments for quick returns and long-term portfolio investments for long-term growth. Investors are also able to rebalance their portfolios or sell DRs without the hassle of cross-border money transfer.

Those interested in studying the details of DR “VNM19” can visit the SEC website at www.sec.or.th. or the securities issuing company is Yuanta Securities (Thailand) Company Limited https://dr.yuanta.co.th Or learn more about DR products at www.setinvestnow.com