VietNamNet Bridge – The foreign portfolio investment has got ready for the disbursement into Vietnamese businesses. Foreign investors’ net purchase value has reached $200 million so far this year, according to the HCM City Stock Exchange. The figure is really very small if compared with the golden age of the Vietnamese stock market in 2006-2007. However, it is very encouraging if noting that the stock prices are at the lowest levels in the history of the stock market. Don Lam, CEO of VinaCapital fund management company, told the press many times that the funds being managed by the company have $250 million in cash and that they are expecting the best opportunities to make disbursement. Meanwhile, Andy Ho, Investment Director of VinaCapital last week said the right time to come back for disbursement nears. Of the close end funds present in Vietnam for the last five years, the funds of VinaCapital are the only institutions which still have so much money. Foreign investors seemingly have regained their optimism after witnessing the prices of VN-30 shares (the shares with the highest capitalization value in the market) standing firmly high after reaching their peaks in mid-May, or increasing by 30-70 percent from…
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