February 25, 2017 04:59

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Vietnam stock market sees sharp rise in foreign investor number

12:31 | 07/07/2016

A total of 630 new foreign investors registered with Vietnam's stock regulator in the first five months, twice the number seen during the same period last year, according to official data.

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A file photo of investors at Ho Chi Minh City Stock Exchange. Photo: Diep Duc Minh.

At the end of May, 19,150 foreign investors, 15.3 percent of whom are corporate investors, were trading in the local stock market, the Vietnam Securities Depository has reported. That was an increase of 7.1 percent from a year ago.   Foreign purchases were equivalent to 16.17 percent of the total trading value of Ho Chi Minh City Stock Exchange, the bigger of the country's two bourses, on Friday, according to official figures. Their sales were equivalent to 14.85 percent.   Vietnam's two stock exchanges posted a combined market capitalization of over VND1,395 trillion ($61.64 billion) as of Friday, with the Ho Chi Minh City bourse accounting for more than 89 percent.  

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"The Vietnam Stock Exchange to be based in HCM City is within the Government's goal of quickly ...

The country in recent years has taken various measures to attract foreign investment into its stock market. It has announced plans to merge the two bourses and encouraged listed companies to publish information in English. 

Source: Thanhnien News