Leading investment fund VinaCapital remains confident in the Vietnamese stock market in the last months of this year despite foreign investors’ heavy net selling.

Minister of Finance Ho Duc Phoc chaired an investment promotion conference themed “Vietnam – Investment Destination” in Tokyo on March 12, which drew representatives from leading Vietnamese and Japanese financial institutions, banks, life insurance corporations, investment funds, and securities companies.

Global investors' attention is shifting to Vietnamese stocks, which have a higher long-term rate of return (ROR) than stocks in other emerging markets in the region and the world.

The Top 50 prestigious and effective public companies of 2023 (VIX50), recently announced by the Vietnam Report JSC, has witnessed a significant change compared to 2022 with cautious forecasts.

Many factors are expected to draw cash flow back on the stock market, especially that from foreign investors.

The Silicon Valley Bank (SVB) collapse by itself will end up being neutral for Vietnam’s stock market and economy, Michael Kokalari, chief economist at investment fund VinaCapital, has said in a report.

The market's uptrend will continue to be consolidated in the first trading session of the Year of Cat.

Vietnam’s stock market will bounce back strongly and develop in both quantity and quality in 2023 to remain an effective capital mobilisation channel for the economy, an official has said.

Foreign investors net purchased 14.8 million stocks, worth some VND80 billion during the week from August 8 – 12, showing that the Vietnamese securities market remained attractive to them.

VOV.VN - The financial markets of Vietnam would continue to enjoy benefits from economic recovery in 2022 after recording positive growth in the previous year, the Asian Development Bank and the Bank for Investment and Development of Vietnam (BIDV) made a forecast in a report released on May 25.