Vietnam’s securities market grows more attractive to foreign investors
Some 232 foreign investors were granted securities trading codes in May, of which 198 were individuals and 34 were organisations, according to the Vietnam Securities Depository.
Hanoi (VNA) – Some 232 foreign investors were granted securitiestrading codes in May, of which 198 were individuals and 34 were organisations,according to the Vietnam Securities Depository.
This is a record for newly registered foreign investors in seven years.
Besides, VSD cancelled trading codes for five investor organisations
By the end of May, a total 21,230 foreign investors were trading on the Vietnamesesecurities market, including 17,912 individuals and 3,318 institutions.
According to statistics from securities companies, net buy values of the foreignsector in May were 1.48 trillion VND (65.2 million USD) compared to a record highof nearly 2.4 trillion VND (105.6 million USD) in the previous month.
In the first days of June, foreign investors continued being net buyers on bothlocal bourses.
On June 6 alone, the foreign sector bought over 200 billion VND (8.8 million USD)worth of shares, pushing the VN-Index over the threshold of 750 points.-VNA
Vietnam's benchmark VN Index extended losses for a second day on May 31 as investor confidence remained weak on worries about market conditions following a sharp drop on May 30.
Shares are likely to rise slightly this week on the forecast that investor confidence will pick up on positive macroeconomic signals and sustained foreign investment.
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Illustrative photo (Photo: VNA) 
