Foreign capital inflows into securities market up 3.5-fold
Foreign capital inflows into Vietnam’s securities market in the first half of this year increased 3.5-fold on a yearly basis, reaching 722 million USD.
At the conference (Source: VNA)As of June, the total value of foreign investors’ portfolio reached a record 16 billion USD, putting the Vietnamese stock market into the top five fastest-growing and highest-yielding financial markets in the second quarter in Southeast Asia, Chairman of the State Securities Commission Vu Bang told a press conference on August 24.
As of August 23, the VN Index and HNX Index rose 13.8 percent and 4 percent, respectively, from the late 2015.
The market’s total capitalisation value hit 1,590 trillion VND, or 38 percent of the gross domestic product and a 17 increase from the late 2015.
The average transaction value of each trading session stood at nearly 6.2 trillion VND, up 25 percent annually.
In January-July, the market raised nearly 254.5 trillion VND, up 81 percent.
As many as 58 State-owned enterprises sold shares worth more than 5.2 trillion VND via auctions, marking a 75 percent increase from the same period last year.
The positive results are attributable to the new government’s support for businesses with better public administration services and promising economic indexes in the first half of the year, including a 7.5 percent growth in industrial production and a 46.9 percent surge in foreign direct investment with registered capital topping 12.9 billion USD.-VNA
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