Authorities have granted nearly 360 individual transaction codes forforeign investors in the January-October period, 2.5 times higher thanthat in the same period in 2012, the Vietnam Net online newspaper hasreported, citing sources from the Vietnam Securities DepositoryCenter.
In October alone, 52 foreign investors wereallocated with transaction codes, up by 13 percent from the previousmonth and more than twice the same period of last year. So far thisyear, 604 foreign investors have been granted with the codes, anincrease of 70 percent year on year.
In particular,the number of individual investors is up to 357 people (62 percent) and2.5 times higher than the same period of last year. Meanwhile, thenumber of institutional investors also reaches 229, an increase of 23.
The strong increase of the number of foreigninvestors shows strong interests of foreign investors in the stockmarket of Vietnam. This is also reflected by the upbeat assessment ofthe VOF - the largest foreign funds operating in Vietnam, managed byVinacapital.
In a report, VOF president Steven Batessaid that the Vietnamese market is of great potential in the mediumterm and there are still many attractive investment opportunities here.Vietnam’s macroeconomics has improved after facing the challenges of the2008-2010 period due to the impact of the global economic crisis. Thegovernment’s policies are also more transparent and stable.
The stock market continues to recover from its lowest level in manyyears with an anticipated economic recovery in the long term. Moreover,the stable exchange rate between the VND and the USD also allows foreigninvestors to enjoy better returns.
Talking to themedia at the annual meeting of investors on October 17, VOF directorAndy Ho said that with the gradual emerge of stable signals, manyforeign investors have revealed and they are particularly interested inthe Vietnamese market.
He anticipated that if themacroeconomics is better, the VN-Index may rise to 530 by the end of theyear. "The listed companies in the fields of consumer goods, healthcare and agriculture will continue to generate positive profits," hesaid.
In this positive development, as reported bythe Ban Viet Securities Company (VCSC), within the last two months,foreign investors purchased with a total value of 1.957 billion VND inboth exchanges, about four times higher than the same period last yearafter two months of selling. This is also a motivating factor for theincrease of the VN-Index in the last month.
Theinterest of foreign investors is not only expressed through the indirectinvestment inflows (FII) into the stock market, but also in the rise offoreign direct investments (FDI).
Vietnamattracted more than 19.2 billion USD in FDI in January-October period,up 65 percent year-on-year, exceeding the yearly target of 13 - 14billion USD for 2013. The disbursed FDI also reached nearly 9.6 billionUSD, up more than 6 percent over the same period.
However, according to Andy Ho, the Vietnam market still has some riskssuch as possibility of high inflation, the health of the banking system,unsolved bad loans, etc. However, Vinacapital still insisted that thelong-term investment opportunities in Vietnam are very large and it willtake full advantage of the opportunities.-VNA
In October alone, 52 foreign investors wereallocated with transaction codes, up by 13 percent from the previousmonth and more than twice the same period of last year. So far thisyear, 604 foreign investors have been granted with the codes, anincrease of 70 percent year on year.
In particular,the number of individual investors is up to 357 people (62 percent) and2.5 times higher than the same period of last year. Meanwhile, thenumber of institutional investors also reaches 229, an increase of 23.
The strong increase of the number of foreigninvestors shows strong interests of foreign investors in the stockmarket of Vietnam. This is also reflected by the upbeat assessment ofthe VOF - the largest foreign funds operating in Vietnam, managed byVinacapital.
In a report, VOF president Steven Batessaid that the Vietnamese market is of great potential in the mediumterm and there are still many attractive investment opportunities here.Vietnam’s macroeconomics has improved after facing the challenges of the2008-2010 period due to the impact of the global economic crisis. Thegovernment’s policies are also more transparent and stable.
The stock market continues to recover from its lowest level in manyyears with an anticipated economic recovery in the long term. Moreover,the stable exchange rate between the VND and the USD also allows foreigninvestors to enjoy better returns.
Talking to themedia at the annual meeting of investors on October 17, VOF directorAndy Ho said that with the gradual emerge of stable signals, manyforeign investors have revealed and they are particularly interested inthe Vietnamese market.
He anticipated that if themacroeconomics is better, the VN-Index may rise to 530 by the end of theyear. "The listed companies in the fields of consumer goods, healthcare and agriculture will continue to generate positive profits," hesaid.
In this positive development, as reported bythe Ban Viet Securities Company (VCSC), within the last two months,foreign investors purchased with a total value of 1.957 billion VND inboth exchanges, about four times higher than the same period last yearafter two months of selling. This is also a motivating factor for theincrease of the VN-Index in the last month.
Theinterest of foreign investors is not only expressed through the indirectinvestment inflows (FII) into the stock market, but also in the rise offoreign direct investments (FDI).
Vietnamattracted more than 19.2 billion USD in FDI in January-October period,up 65 percent year-on-year, exceeding the yearly target of 13 - 14billion USD for 2013. The disbursed FDI also reached nearly 9.6 billionUSD, up more than 6 percent over the same period.
However, according to Andy Ho, the Vietnam market still has some riskssuch as possibility of high inflation, the health of the banking system,unsolved bad loans, etc. However, Vinacapital still insisted that thelong-term investment opportunities in Vietnam are very large and it willtake full advantage of the opportunities.-VNA
