Notable News: Securities Investor Accounts Set Record, Exceeding 13 Million; CII Becomes Major Shareholder of PC1; Proposal for Pilot Establishment of Cultural and Arts Fund…

Securities Investor Accounts Set Record, Exceeding 13 Million

According to data from the Vietnam Securities Depository and Clearing Corporation (VSD), as of the end of May 2026, the total number of securities investor accounts exceeds 13.1 million.

In May, domestic investors opened nearly 256,000 new securities accounts, a slight increase from the previous month. Growth momentum continues to come from individual investors, while the number of accounts from institutions increased by only 170.

In the cumulative five months of 2026, the number of securities accounts for domestic investors has increased by nearly 1.3 million accounts. As of the end of May, domestic individual investors hold over 13 million securities accounts, equivalent to about 13% of the population.

CII Becomes Major Shareholder of PC1

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Ho Chi Minh City Infrastructure Investment Joint Stock Company (CII) has announced information about becoming a major shareholder of PC1 Group (PC1).

According to the company, the investment decision was made based on PC1 owning a portfolio of operating energy projects, including solar power projects benefiting from the FIT price mechanism, along with many projects expected to become operational in the near future.

This is an essential infrastructure sector, aligning with the development trend of the energy industry as well as the increasing electricity consumption demand of the economy.

At the same time, energy is also a field in which CII has planned to expand investment for many years.

CII emphasizes that this is only a financial investment. CII has no intention of participating in the management or governance activities of PC1, including nominating or running for positions on the board of directors or supervisory board.

Proposal for Pilot Establishment of Cultural and Arts Fund

The Ministry of Justice has published appraisal documents for a draft decree detailing some articles and guiding the implementation of National Assembly Resolution 28/2026 on the development of Vietnamese culture.

Notably, the draft includes provisions related to the Cultural and Arts Fund. Accordingly, the State will pilot the establishment of a Cultural and Arts Fund at the central level and in some localities.

The central fund will be established by the Prime Minister, while local funds will be established by provincial People’s Committee chairpersons. The pilot period will last until 2035.

According to the draft, the fund operates under a public-private partnership model based on a business cooperation contract (BCC), a co-investment mechanism between the fund and

Ho Chi Minh City Infrastructure Investment Joint Stock Company (CII)

The Ho Chi Minh City Infrastructure Investment Joint Stock Company (CII) is a leading infrastructure development firm in Vietnam, established in 2001. It specializes in building and operating major projects such as bridges, roads, water supply systems, and waste treatment facilities across Ho Chi Minh City and other provinces. The company has played a key role in modernizing the city’s urban infrastructure, supporting its rapid economic growth since the early 2000s.

PC1 Group (PC1)

PC1 Group (PC1) is a prominent Vietnamese construction and engineering conglomerate, established in 1976 as a state-owned enterprise under the Ministry of Industry and Trade. It has since evolved into a leading contractor for power, industrial, and infrastructure projects, notably contributing to the development of Vietnam’s energy sector. Today, PC1 operates as a joint-stock company, expanding into real estate and renewable energy while maintaining a strong focus on construction and project management.

Cultural and Arts Fund

The Cultural and Arts Fund is a financial organization dedicated to supporting artistic and cultural initiatives, often providing grants and resources to artists, museums, and cultural institutions. Its history typically involves government or private sector collaboration to preserve heritage and promote creative expression, with many such funds established in the 20th century to address underfunding in the arts. By fostering innovation and accessibility, it plays a vital role in sustaining cultural development and community engagement.

National Assembly Resolution 28/2026

National Assembly Resolution 28/2026 is a legislative document from the National Assembly of Vietnam, likely addressing key national policies or development goals for the period around 2026. While specific details are not widely available, such resolutions typically outline strategic directions for socio-economic development, legal reforms, or administrative changes. This resolution reflects the ongoing legislative efforts to guide Vietnam’s progress in alignment with its long-term plans.

Vietnam Securities Depository and Clearing Corporation (VSD)

The Vietnam Securities Depository and Clearing Corporation (VSD) is a state-owned financial institution established in 2005 to serve as the central depository, clearing, and settlement body for Vietnam’s securities market. It plays a crucial role in ensuring the safety and efficiency of stock and bond transactions by registering, depositing, and transferring securities, as well as managing clearing and settlement operations. VSD’s establishment was a key milestone in the modernization of Vietnam’s capital markets, supporting the growth of the Ho Chi Minh Stock Exchange and the Hanoi Stock Exchange.