The logistics market has become more vibrant in recent times with large merger and acquisition (M&A) deals between Vietnamese businesses and foreign investors who have strong financial and technological potential, especially those from Japan and the Republic of Korea.
Amid the context that the stock market was gloomy, in the first two weeks of June, foreign investors net bought nearly VND560 billion, of which they net bought nearly VND500 billion on the Ho Chi Minh City Exchange alone.
Foreign investors focused on buying blue-chip stocks and returned to net buy more than VN210 billion in the last trading session in May on May 31 but failed to buoy the market due to strong selling pressure from local investors.
According to statistics by securities companies, along with strongly increased market liquidity, trading on Vietnam’s stock market was fairly vibrant with foreign investors unexpectedly net bought for more than VND5.7 trillion (US$243.54 million) in the past week.
About 190 foreign investors were granted securities trading codes in February, bringing the total number of foreign investors participating in Vietnam’s securities market to 29,454, according to statistics of the Vietnam Securities Depository (VSD).
Although blue-chip stocks made correction after increasing for many trading sessions, Vietnam’s benchmark VN-Index still maintained rising momentum on February 25 as foreign investors’ net buying buoyed up the market.