Investment funds are currently focusing on capitalising on opportunities in sectors that exhibit robust resilience or the ability to go against the cycle.
The elevation of the stock market to "emerging" status can help Vietnam attract an additional 10 billion USD in both direct and indirect investment, KB Vietnam Securities JSC (KBSV) reported, citing the World Bank (WB).
The exchange-traded funds (ETFs) investing in Vietnamese stocks recorded a net withdrawal of nearly 4.5 trillion VND (187 million USD) in August, the strongest monthly net withdrawal value in more than two years, according to data from FiinGroup.
Domestic and foreign funds have disbursed up to 5.84 trillion VND (24.69 billion USD) in the first half of 2023 after the capital flow of exchange-traded funds (ETFs) returned to the market last month, according to a report by SSI Securities Corporation.
Investment funds have seen their net asset value (NAV) increase strongly during the third quarter of this year thanks to positive movements of the market.
The Ministry of Finance has issued new securities-related service regulations for trading organisations and commercial banks doing business in Vietnam’s stock market.
Vietnamese shares are expected to move marginally in the last two trading weeks of 2017 as investors take a rest, however the selling of brewer Sabeco shares should give a short boost to the market.
Shares are forecast to slow down this week in the face of rising profit-taking pressure after a long rally, net selling by foreign investors and uncertainty before the portfolio restructuring period of exchange-traded funds (ETFs).
Shares declined on the two national stock exchanges on September 12, driven by trading of large exchange-traded funds in third-quarter portfolio arrangements.