This strategic decision follows a significant rise in DGC's stock price, which surged by 25.7% from April 9 to May 16, climbing from 73,100 VND (2.80 USD) to 91,900 VND per share.

In less than a month, Dragon Capital has reinstated its position as a significant shareholder in PV Drilling while also increasing its investments in Phu Nhuan Jewellery (PNJ) and FPT Digital Retail (FRT).

The stock market in Vietnam has begun an upward trend since mid-December 2023 and has experienced almost no interruptions so far, gaining over 130 points, approximately 12%.

Strong purchasing power and demand have created a fast and strong locomotive for economic growth, and Vietnam is forecast to record a GDP growth rate of over 8% this year, said Executive Chairman of Dragon Capital Dominic Scriven.

In December 2021, the market benchmark VN-Index could have surpassed 1,498 points if it were not affected by the holiday, Dragon Capital said in a recent report.

Vietnam’s economy has achieved stable growth thanks to consistent macro policies, contributing to promoting the role of the private sector, heard a workshop on Vietnam's economic situation and stock market held by Dragon Capital company on September 1 in London.

In its recent report, Dragon Capital said that the market uptrend is still led by new individual investors. However, while margin loans were still at a record high and securities companies continued to raise capital, new money deposited into accounts started to show signs of declining.

The Vietnamese securities market recently set a record with 1 billion USD worth of daily transactions, putting it at the second place in terms of market liquidity in Southeast Asia.

Despite negative performance due to strong fluctuations in Vietnam’s stock market in January, big investment funds in the market remain optimistic.

Vietnam’s success in curbing the coronavirus so far, while its Southeast Asia neighbours struggle, is helping the country power ahead in economic growth and attracting major funds, and foreign investors, said foreign experts on the Gulf Today newswire on January 7.

It is undeniable that adopting environment, society and governance (ESG) principles is helping local companies improve business management and attract more foreign capital.

Many Chinese funds are pouring capital into the Vietnamese stock market because of low valuations and further loosening of foreign ownership in the near future.

Vietnam Enterprise Investments Limited Fund (VEIL), run by Dragon Capital, announced on September 16 that it had sold 5 million shares of Khang Dien House Trading and Investment JSC (KDH) via a put-through method on September 11.

Vietnam has been successfully developed a stock market, with the capital market playing a critical role in the economy, according to Dominic Scriven, Chairman of Dragon Capital, one of Vietnam’s leading investment firms.

One year after failing to enter the Morgan Stanley Capital International (MSCI)’s watchlist for a market status upgrade, it is still uncertain if Vietnam will make it this year despite efforts made to improve market conditions.

Dragon Capital, a Ho Chi Minh City-based fund management company, has become a major shareholder in Vietnam’s three biggest securities firms.

Domestic and foreign investors are pouring money into Vietnam, attracted by strong economic growth and a slew of sales by state-owned and private companies, according to the Reuters.

Investment management funds have been active in trading on the HCM Stock Exchange recently, focusing on mid-cap stocks.

Information and communication technology group FPT Corporation has sold six million shares or 30 percent of its stake in FPT Digital Retail JSC to funds managed by and associated with Dragon Capital and VinaCapital.