Foreign investors are expressed their great interest in buying Vietnam shares in the future, said Dau Tu Chung Khoan newspaper, forecasting that the inflow of foreign investments will likely continue growing although the market has undergone downtrend in the recent time.
Statistics from the State Bank of Vietnam showed that the country is now home to 74 foreign securities investment funds.
In the first eight months of this year, 22 foreign funds were formed in Vietnam, including many big names such as Sumitomo Misui Vietnam, Fullecton Vietnam Fund, and Credit Agricole Fund.
The foreign investment flows come mainly from Singapore, Japan and South Korea.
As of the end of August, foreign players invested about US$6 billion in Vietnam’s stock market, or 10 per cent of the country’s GDP, of which US$4.8 billion was cashed out in listed shares.
The figures indicated that Vietnam’s stock market is still attractive to foreign investors, the newspaper said, adding that it is different from the recent rumor about foreign capital to be withdrawn from Vietnam.
Vietnam’s stock market watchdogs have granted over 240,000 trading accounts as of June 29, including more than 5,000 accounts of foreign players, much higher than 16,000 in 2003, 21,000 in 2004, 31,000 in 2005 and 95,000 in 2006.
Of these, 48 companies, with a combined registered capital of VND4.6 trillion, have become members of HOSTC, of which 31 companies provide fully five securities services.
As of June 29, total market value of HOSTC was VND211 trillion (US$13.2 billion), compared with VND150 trillion (US$9.4 billion) on the last session of 2006, accounting for 17 per cent of last year’s GDP. (Securities Investment)
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