RoK investors pour more money into Vietnamese stocks

RoK investors have been pouring money into Vietnamese stocks. (Source: cnbc.com)

Hanoi (VNA) – More and more investors from the Republic of Korea (RoK) have been pouring money into the stock market of Vietnam, which sees a relatively high growth rate.

According to a report from KG Zeroin, a fund rating and consulting company, in September, RoK investors pumped 78.3 billion KRW (71 million USD) into Vietnam’s stock market, much higher than the level of 50 billion KRW (45.4 million USD) in August.

The increase is significant because RoK investors’ investment in 27 other stock exchanges either increased slightly or decreased.

According to many analysists, the reason behind the RoK investors’ increased investment is the Vietnamese government’s market-opening policy and a relatively high annual growth rate (about 6.8 percent).

Expert Oh On-soo from the Huyndai Securities said Vietnam has many advantages, including cheap labour costs and young population structure, noting that it is among countries with great potential of growth.-VNA