Business

Korean investors turn into net buyers of Vietnamese stocks

Investors of the Republic of Korea (RoK) were net buyers of stocks in Vietnam, at 9.1 million USD, in the first 11 days of August, over four times higher than the net buying of 2.12 million USD in July, according to the Korea Securities Depository (KSD).
Korean investors turn into net buyers of Vietnamese stocks ảnh 1Korean investors have become net buyers of Vietnamese stocks since July. (Illustrative photo: VNA)
Seoul (VNA) – Investors of the Republic of Korea (RoK) werenet buyers of stocks in Vietnam, at 9.1 million USD, in the first 11 days ofAugust, over four times higher than the net buying of 2.12 million USD in July,according to the Korea Securities Depository (KSD).

Korean investors were net sellers in Vietnam between March and June, buthave turned into net buyers since July.

The trend was attributed to the Vietnamese Government’s cuts of interestrates, leading to increases in the stock market, mainly real estate stocks.

Improved performance of major enterprises is also a contributor. Vingroup,a leading conglomerate in the country, posted the second quarter’s revenue of over47.14 trillion VND (1.97 billion USD), a record high.

Experts forecast Vietnam’s stock market will continuerising. However, they also recommended investors pay attention to fluctuationsin the market, which has soared from the start of the year so its momentum mayease by the year’s end./.
VNA
#Republic of Korea #Vietnamese stocks #Korean investors #Vingroup #stock market #updated Vietnam news #Vietnamplus #Vietnam News Agency Korea (RoK) Vietnam
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