Foreign investors have poured around US$36.4 billion into the Vietnamese stock market by the end of 2019, a rise of 11.6 percent from a year earlier, according to the State Securities Commission (SSC).
This year, the picture of Vietnam’s stock market is expected to have many bright parts amid the context that the macro-economy is maintained stable, economic growth is positive with the factors, including inflation and exchange rate being managed flexibly and strictly controlled.
According to the Ministry of Agriculture and Rural Development, for making use well of free trade agreements, in the first ten months of this year, export turnover of Vietnamese wood and wood products to the US posted strong growth compared to the same period last year with export value reaching US$4.2 billion, an increase of 34.5 percent.
The Ministry of Industry and Trade has recently cooperated with relevant departments to organize an event to promote export and connect market for domestic and foreign enterprises, attracting 850 enterprises from 20 countries and territories.
The Foreign Investment Agency under the Ministry of Planning and Investment recently announced that total newly registered, additional investment, capital contribution and purchase of shares by foreign investors has nearly reached US$31.8 billion as of November 20 this year, an increase of 3.1 percent over the same period last year.
The limit for foreign investors’ ownership in Vietnamese air transport businesses will be increased to 34 percent from the current level of 30 percent, according to the Prime Minister’s decree signed last week.
According to the Ministry of Industry and Trade, Vietnam is among top agro-forestry-aquatic product and food exporters in the world with export turnover growth of around 8-10 percent annually but raw material export still accounts for a large proportion.
The price of gold in Vietnam recouped the VND41 million per tael mark on October 2 as global recovered after declining for several trading sessions due to a weakening US dollar.
Although stocks on the unlisted public company market (UPCoM) contain many risks, surprisingly, the number of companies increasing was not less than those of two trading floors HOSE and HNX. Whether the fact that many large-cap stocks still stayed on the UPCoM attracted foreign investors or a wide trading range helped the UPCoM to bring higher profits?
According to statistics, by the end of August this year, market capitalization of unlisted public companies (UPCoM) exceeded VND1 quadrillion (US$43.08 billion) with a total of 850 enterprises having registered.
