More foreign investors join Vietnam’s securities market
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).
The total number of foreign investors participating in Vietnam’s securities market has reached 29,454 (Photo: VNA)
Hanoi (VNA) -About 190 foreign investors were granted securities trading codes in February,bringing the total number of foreign investors participating in Vietnam’ssecurities market to 29,454, according to statistics of the Vietnam SecuritiesDepository (VSD).
The number of new foreign investors joining the securities market in Februarywas the lowest since January 2017, 75 fewer than January and 261 fewer than thesame month last year, VSD said.
Foreign investors sold a net volume of 27.74million shares in February but bought a net value of more than 1 trillion VND (42million USD), dropping by more than 36 percent against January.
As of the end of February,VDS had so far granted securities trading codes to 4,151 institutionalinvestors and 25,303 individual investors.
VDS granted 5,537 securities trading codes toforeign investors in 2018, 2,300 higher than 2017.
In 2018, foreign investors pumped a net value of 41.7 trillion USD into Vietnam’ssecurities market, a rise of 61.3 percent.
Vietnam’s stock market was expected to attract more foreign capital when it wasupgraded from frontier market status to emerging, according to Bao VietSecurities Company.-VNA
Vietnam aims to make the size of its stock market equal to 100 percent and 120 percent of the gross domestic product (GDP) in 2020 and 2025, respectively.
Vietnamese stock market sucked in a further 2.75 billion USD of foreign fund flows after Tet (Lunar New Year), demonstrating investors’ positive sentiments towards this emerging market.
Prime Minister Nguyen Xuan Phuc has approved a project to restructure the stock market until 2020 with a vision to 2025, with an aim to make it an important channel for middle- and long-term capital regulation.
Building a specialised stock market for start-ups will help connect them with investors to ensure regular capital for operation and development, experts have suggested.
The latest order follows Vietjet’s commitment for 20 additional A330neo aircraft last month, bringing the airline’s total widebody aircraft on order to 40.
Minister of Finance Nguyen Van Thang acknowledged the target represents an important milestone for socio-economic development as well as a demonstration of the country’s aspiration for robust economic growth.
The price of E5 RON92 petrol is now capped at 20,631 VND (0.79 USD) per litre, up 1,169 VND from the previous adjustment, while RON95-III costs no more than 21,244 VND per litre, up 1,277 VND.
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The article by Cuba’s Inter Press Service detailed how Vietnamese private enterprise Agri VMA leased 1,000 ha of land in Los Palacios district, Cuba’s westernmost province of Pinar del Río, for rice cultivation over a three-year period. The project’s first harvest in 2025 recorded an impressive yield of 7.2 tonnes per hectare, far exceeding the local average of 1.6 tonnes.
During the visit, office representatives held a working session with the Tipaza Chamber of Commerce and Industry and met with several prominent local businesses operating in key sectors including industry, agriculture, fisheries, food processing, chemicals, pharmaceuticals and plastics.
A Nordic delegation to Vietnam International Sourcing 2025 in September will feature leading names in retail, consumer goods, logistics, and sustainable manufacturing, including global fashion giant H&M, offering fresh prospects for partnerships in fashion, textiles, and green supply chains.
With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,276 VND/USD and the floor rate 23,774 VND/USD.
Effective from the date of signing on June 18, the decision halts procedures outlined in the 2005 Memorandum of Understanding (MoU) between the governments of Vietnam and Laos on the initial implementation of the Greater Mekong Subregion (GMS) Cross-Border Transport Facilitation Agreement at the Lao Bao–Densavan border gate.
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Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
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The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
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The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.