Foreign investment continuously increases in HCMC stock exchange

The trading volume by foreign investors in HCMC Stock Exchange (Hose) has highly surged for recent months, up 50 percent compared to the same period last year.

An foreign investor at Saigon Securities Incorporation (Photo: SGGP)

Their purchase volume accounted for 13 percent of the entire market in the second quarter, hiking to 15 percent to reach VND25 trillion (US$1.11 billion) in the next quarter.

Explaining the increase, some foreign investors said that it was thanks to the country’s high gross domestic product (GDP) growth rate reaching 6.4 percent in the third quarter, infrastructure development and economic reform having gradually been on track.

Domestic production was on the rise in October and inflation has been curbed at 3 percent this year.

Moreover, state owned enterprise (SOE) equitization has supplied more attractive products for foreign investors.

Vietnam Securities Depository reported that it grants nearly 1,500 stock trading codes to foreign individuals and organizations on average annually or receives four investors a day.

By Che Han – Translated by Hai Mien

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