Foreign Investors Pour US$4Bln into Vietnam Stock Market
Foreign investors have invested some US$4 billion into Vietnam’s stock market so far. The figure was released on April 5 by the World Bank in an updated report on East Asia-Pacific region economies.
WB says the Vietnam securities market will continue to expand, as about 20 large state-owned corporations will be listed in 2007.
The country’s market capitalization has increased significantly, from less than $0.5 billion in December 2005 to US$13.8 billion at the end of 2006 (accounting for 22.7 per cent of GDP), and to US$24.4 billion now.
The report also indicates Vietnam’s inflation rate is in a downtrend; however, consumer prices will still suffer upward pressure in the future.
Statistics from the Ho Chi Minh City Trading Center showed foreign investors bought more than 120.5 million securities on the bourse so far this year, while they sold more than 76.5 million securities. (Youth, Vietnam Panorama)
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