Foreign investors are edging back into emerging markets like Vietnam on hopes the recent significant recovery of the equity market will reassure those hoping to capitalise on stronger economic growth in the emerging world.
Latest reports from investment funds in February show they have suffered from the decline of the market amid the global spread of the COVID-19.
VN-Index could soar above the 1,000-point threshold thanks to positive macro-indicators and continued foreign investment, say securities companies.
The State Securities Commission has approved Vinaconex’s request to lock its ceiling foreign ownership ratio at zero percent, saying the move complies with regulations.
Foreign funds are making their way back to Vietnamese banks, as the sector cleans up bad debts and improves corporate governance.