Most of the newly emerging Asian stock markets can attract foreign capital this year, but only Vietnam can do that in all months.
According to the Hochiminh Stock Exchange (HOSE), nearly VND14,000 billion (roughly US$617 million) was poured into shares traded on HOSE after 8 continuous months of purchasing.
Vietnam’s total market capitalization has expanded by 37 per cent in 2017 thanks to the participation of large state-owned enterprises in the stock market.
According to Viet Dragon Securities Corporation (VSD), 1,656 transaction codes were issued to foreign investors, 8% higher than the beginning of the year.
CEO and Fund Manager of Asia Frontier Capital Ltd Thomas Hugger explained that Vietnam’s shares are very attractive to foreign investors due to the reduction of interest rate, the increase in foreign direct investment and credit growth as well as the reasonable prices.
