Japanese Investors Seeking to Invest in Vietnam Stock Market
Foreign investors especially those from Japan are now seeking to invest in the stock market in Vietnam, the Lao Dong (Labor) newspaper reported.
Of 2,000 accounts opened in SSI now, Japanese investors account for 70 per cent, Saigon Securities Incorporation said. So far this year, about $5 billion has been pumped into Vietnam’s stock market via 200,000 accounts.
Japanese investors are now thirsty for information about Vietnamese enterprises and listed stocks because few websites updating secuirites information in Japanese are built, traders said.
Only a single website www.viet-kabu.com covers securities news in the Japanese language in Vietnam, and it serves 50,000 clients a day, they added.
“They are quite hungry for information as Vietnam’s stock market is growing fast, becoming the second destination for Japanese investors, behind China,” the webmaster, Ito Junichi said, noting that his company has advised nearly 1,300 Japanese investors to open their trading accounts in the BIDV’s BSC securities company.
Vietnam’s stock market grew at a rate of 31.7 per cent as of Jun 13 since Vietnam entered the WTO body, and will continue to grow as propelling drive for the country’s high economic growth which is set for GDP 8.5 per cent this year, said Japanese investors, adding that they are pumping more capital into the market in the future. (Labor)
Vietnamese
