Stock market sees foreign net purchase of 40.5 trillion VND

 Foreign investors acquired more than 40.5 trillion VND (1.74 billion USD) worth of Vietnamese equities in net value in the first six months of the year, according to the State Securities Commission of Vietnam (SSC).

oreign investors acquired more than 40.5 trillion VND (1.74 billion USD) worth of Vietnamese equities in net value in the first six months. (Photo: VNA

oreign investors acquired more than 40.5 trillion VND (1.74 billion USD) worth of Vietnamese equities in net value in the first six months. (Photo: VNA

Specifically, they bought over VND38.7 trillion (US$1.66 billion) worth of shares and fund certificates, and nearly VND1.8 trillion (US$77.4 million) worth of bonds.

The derivatives market has become more attractive to the investors as total derivatives transactions hit a record high of nearly 1.99 million contracts valued at VND193.37 trillion (US$8.31 billion) in June.

Earlier, SSC Chairman Tran Van Dung said that foreign capital has flown to potential addresses, adding that foreign investors made purchases at initial public offering sessions of several State-owned enterprises at the end of 2018 and early 2018 such as Binh Son Refining and Petrochemical Company (BRS), Vietnam Oil Corporation (PV Oil), and PetroVietnam Power Corporation (PV Power), as well as bought shares of some newly-listed firms, for example Vinhomes, Techcombank and Vincom Retail. 

According to him, in recent time, foreign investors have been the net sellers in the stock market; however, they continue to be net buyers in the bond market.

Dung recommended keeping close watch on the US Federal Reserve’s interest rate and trade tension as they are two important factors affecting foreign capital inflow to Vietnam.

The Vietnamese stock market still holds its appeal, especially to foreign investors, thanks to an economic growth projected at 6.5 percent during 2018-2020, coupled with the Government’s commitment to remove bottlenecks in investment, support private sector, and equitise State-owned enterprises, as well as the listing of many major companies. 
Vietnam is holding more advantages compared to regional and emerging markets, and it has seen an increasing capital flow from Japan and the Republic of Korea, and more recently from Thailand and Malaysia. 

“Along with stable and rational economic policies, Vietnam should provide sufficient and accurate information on the market developments, including macro-economy and operation of listed firms, so as to win confidence from the investors”, Dung noted.


Other news

Most view


VNPT & SeABank cooperate to enhance connections

The Vietnam Posts and Telecommunications Group (VNPT) and SeABank just co-signed cooperation agreement, aiming to develop the two sides’ economic, business and investment potential.


185 leading domestic & in't enterprises join in VN ETE 2018

The Vietnam Exhibition of Electrical Technology and Equipment (Vietnam ETE 2018) and the Exhibition of Products, Technologies for Energy Saving and Green Power (ENERTEC EXPO 2018) yesterday kicked off in HCMC’s Saigon Exhibition Convention Center in district 7.

Self - introduction

VNPT targets to be leading digital service provider in Vietnam

The grand opening ceremony of the VNPT-Information Technology Company (VNPT-IT), a new member of the Vietnam Posts and Telecommunications Group (VNPT), was held yesterday in Hanoi. With thousands of IT engineers and the focus on developing state-of-the-art technological products related to Artificial Intelligence (AI), Bigdata, and Blockchain, the new company is considered the main force to help VNPT fulfill the goal of becoming a leading digital service provider in Vietnam and an important Digital Hub of the neighborhood as well as the world.

Stock market

SAS profits VND 118bln

The Southern Airports Service Joint Stock Company (Sasco) which is listed under code SAS on the Unlisted Public Company Market (UPCoM), announced its second quarter’s financial report with net revenue at VND 634.5billion, an increase of 14 percent compared to last year.