Total foreign investment in the nation's stock market has fallen to 7billion USD in 2009 from a peak of 11-12 billion USD in 2007, butcurrent rates of investment represent a significant recovery from the2008 economic crisis, State Securities Commission chairman Vu Bang toldVietnam News.
A new State Bank of Vietnamreport on foreign indirect investment showed that an estimated 1.8billion USD worth of foreign capital was injected into securities in thefirst six months this year.
The wind-up of someoverseas investment funds might have temporary impacts on marketdevelopment, Bang said, noting the period in 2008 when foreigninstitutional investors dumped bonds and withdraw capital from thenational stock markets. However, domestic institutional investors endedup reaping the benefits, absorbing bonds which later yielded returns ofup to 20 percent.
Earlier this past week, theVietnam Enterprise Investment Ltd (VEIL) fund and Vietnam Growth Fund –both managed by Dragon Capital, one of the leading investment fundmanagers in Vietnam – held annual shareholders meetings and announcedplans to remain in Vietnam, despite the urging of some stakeholders towind down the funds
Dragon Capital CEO DominicScriven said that the decisions to continue reflected a clear sentimentthat now was not the time to be exiting Vietnam, given its strong marketfundamentals and low equity valuations.
DragonCapital would orientiate its investments towards some State-owned giantssoon to equitise, including mobile phone service provider MobiFone andbeverages giants Sabeco and Habeco, said Dragon Capital deputy directorPhan Minh Tuan.
The funds would be flexible ininvestment strategies, with focuses on medium- to long-term investments,Tuan said.
Vietnam 's political and economicsituation remained quite stable while the EU and US economies have begunrecovering from the 2008-09 crisis, he noted. More foreign investorsseemed optimistic about investments in Vietnam and the Far East, Tuanhad found during recent trips to Japan , the EU and US.
Jean-Pierre Lehmann, founding director of The Evian Group, wrotefor the US-based website Real Clear World that Vietnam was a rapidlyrising economic power and a country fast emerging as a winner in theglobalisation process.
Foreign investors havereturned, many former boat people have returned and the economy hasboomed as Vietnam managed to weather the storm of the 2008-09recession, Lehmann has noted.
Professor Le Van Chau,chairman of Vietnam Association for Securities Businesses, said therewas need for accurate analysis and assessment of foreign indirectinvestment in order for market regulators to develop proper policies tolure it effectively.
A transparent environment withdiverse financial products and services would contribute to ensuringforeign investment inflows, Chau said./.
A new State Bank of Vietnamreport on foreign indirect investment showed that an estimated 1.8billion USD worth of foreign capital was injected into securities in thefirst six months this year.
The wind-up of someoverseas investment funds might have temporary impacts on marketdevelopment, Bang said, noting the period in 2008 when foreigninstitutional investors dumped bonds and withdraw capital from thenational stock markets. However, domestic institutional investors endedup reaping the benefits, absorbing bonds which later yielded returns ofup to 20 percent.
Earlier this past week, theVietnam Enterprise Investment Ltd (VEIL) fund and Vietnam Growth Fund –both managed by Dragon Capital, one of the leading investment fundmanagers in Vietnam – held annual shareholders meetings and announcedplans to remain in Vietnam, despite the urging of some stakeholders towind down the funds
Dragon Capital CEO DominicScriven said that the decisions to continue reflected a clear sentimentthat now was not the time to be exiting Vietnam, given its strong marketfundamentals and low equity valuations.
DragonCapital would orientiate its investments towards some State-owned giantssoon to equitise, including mobile phone service provider MobiFone andbeverages giants Sabeco and Habeco, said Dragon Capital deputy directorPhan Minh Tuan.
The funds would be flexible ininvestment strategies, with focuses on medium- to long-term investments,Tuan said.
Vietnam 's political and economicsituation remained quite stable while the EU and US economies have begunrecovering from the 2008-09 crisis, he noted. More foreign investorsseemed optimistic about investments in Vietnam and the Far East, Tuanhad found during recent trips to Japan , the EU and US.
Jean-Pierre Lehmann, founding director of The Evian Group, wrotefor the US-based website Real Clear World that Vietnam was a rapidlyrising economic power and a country fast emerging as a winner in theglobalisation process.
Foreign investors havereturned, many former boat people have returned and the economy hasboomed as Vietnam managed to weather the storm of the 2008-09recession, Lehmann has noted.
Professor Le Van Chau,chairman of Vietnam Association for Securities Businesses, said therewas need for accurate analysis and assessment of foreign indirectinvestment in order for market regulators to develop proper policies tolure it effectively.
A transparent environment withdiverse financial products and services would contribute to ensuringforeign investment inflows, Chau said./.
