Foreign capital is expected to continue to flow into the stock market as foreign investors' confidence remains strongly.(Photo: VNA) Hanoi - From being net sellers in the first nine months of 2022, foreign investors have become the driving force supporting the Vietnamese stock market in the last few months, and the inflows are expected to continue this year. In 2022, this group net disbursed more than 29.2 trillion VND (1.2 billion USD) to the market, while it has net sold nearly 18.8 trillion VND and set a record net selling value of over 62.2 trillion VND in 2021. In November alone, more than 16 trillion VND in net disbursed cash flow from foreign investors was significantly supported by exchange-traded fund (ETF) capital inflows into the market, primarily from the Fubon ETF and the VNDiamond Index-based ETF. A study by BIDV Securities Company (BSC) analysing over 50 billion USD owned by foreign investors on the Vietnamese stock market showed that more than half of foreign … [Read more...] about Foreign investors remain optimistic about Vietnamese stock market
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Malaysia expects tourist arrivals to quadruple in 2023
Malaysia expects tourist arrivals to quadruple in 2023 (Photo:travelweekly-asia.com) Kuala Lumpur (VNA) – Malaysia’s Kenanga Research (Kenanga) expects tourist arrivals in the country to jump almost four-fold to 9.6 million in 2023 from an estimated 2.5 million a year ago. The research house said the projection is supported by the resumption of both business and leisure air travel globally as the COVID-19 pandemic comes to an end, the revocation of all on-arrival quarantine and testing requirements in Malaysia from Augusut 1, 2022, and the gradual reopening of China. In a study released on January 30, it noted the gradual reopening of China is positive for the country as historically, Chinese tourists account for an estimated 12% of the total tourist arrivals in Malaysia. Meanwhile, MIDF Research (MIDF) revised its FY23F passenger traffic recovery downward to 85% from 95% previously due to the slower return of Malaysia AirAsia’s (MAA) aircraft, but expect stronger growth … [Read more...] about Malaysia expects tourist arrivals to quadruple in 2023