Foreign investors bought more Vietnamese stocks than they sold in January, snapping a month-long streak as net buyers after offloading shares in the last five months of 2019.
Vietnam’s stock market is expected to lure more foreign capital in 2020, according to brokerages.
The Ministry of Finance has issued new securities-related service regulations for trading organisations and commercial banks doing business in Vietnam’s stock market.
Vietnam was one of three countries added onto FTSE Russell’s watch list for a possible future upwards reclassification.
Vincom Retail could be added into the investment portfolios of the two major foreign-run exchange traded funds (ETFs) on the Vietnamese securities market: FTSE Vietnam ETF and VNM Vietnam ETF.
A new rule issued by the Hanoi Stock Exchange, allowing brokerages to become securities market members, is expected to improve the trading quality of Vietnam’s securities market.
MayBank Kim Eng Securities has outlined three scenarios for the VN-Index in late September and October.
Analysts warned that dollar price fluctuations would prompt foreign investors to withdraw capital from Vietnam. If so, this would put pressure on the exchange rate.