Japanese Investors Upbeat about Vietnam's Stock Market

Japanese securities investors still pin high hope on the potential of Vietnam’s stock market, saying it is changing and becoming more professional, and now is a good time to buy in shares before the VN-index bounces back, the New Hanoi newspaper reported.

 

The local market is supported by many factors for further development, Akira Futamoto, an expert on Vietnamese securities market said.

 

First, Vietnamese people have strong will and determination, which can help the country overcome the challenge.

 

Second, 70 per cent of Vietnamese population is under 40 years old and qualified, and they are the biggest asset to develop the country.

 

Third, Vietnam’s consumption capacity is raised thanks to the population of 84 million people and improved living quality. The stock market will benefit from the strong economy fueled by increased consumption demand.

 

The Director of New-S Securities Toshiaki Nishikawa forecast the Vietnamese bourse could begin recovery by late this year. However, it may take a year and half before the VN-index returns to its highest level of late 2007. More Japanese investors will buy in shares on the local market in the coming time, he predicted. (New Hanoi, VNA)