Foreign investors

Customers and Vietcombank employees wearing masks during transactions. The bank shares posted the biggest losses in market capitalisation yesterday. Photo portal.vietcombank.com.vn HÀ NỘI — Shares settled lower on Wednesday as selling force overweighed bullish sentiment gathering in the previous session. Foreign investors also net sold a great value of shares. On the Hồ Chí Minh Stock Exchange (HoSE), the market benchmark VN-Index fell 0.2 per cent to close on Wednesday at 1,270.79 points. The index reclaimed nearly 30 points in Tuesday's trade as investors' risk appetite returned. The trend continued in Wednesday's morning trade, then reversed course in the afternoon. The market’s breadth was still positive with 171 stocks declining, while 185 stocks climbed. Meanwhile, the liquidity was weaker as VNĐ16 trillion (over US$694 million) was poured into the market, worth a trading volume of nearly 452 million shares. The index’s reversal was mainly due to losses in …

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Illustrative image (Source: VNA) Hanoi (VNA) - In the remaining months of 2021, once the COVID-19 pandemic is brought under control, Vietnam will be one of the locations attractive to many investors to resort real estate. Although COVID-19 has dealt a hard blow to the market, particularly coastal real estate tourism, many experts believe that in the remaining months of this year, once Vietnam successfully curbs the spread of the pandemic, the country will be among the markets that attract many major foreign investors . However, to foster the market in the post-pandemic period, due attention must be paid to the “vaccine passport” policy . Major investors seek huge opportunities One of the most popular types of real estate in the past year is resorts, especially in coastal localities. Experts in the field said that even though real estate prices surge and many segments witness recovery, demand for resort real estate and coastal tourism in particular remains …

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Domestic investors opened nearly 621,000 new securities accounts in the first six months of this year. (Photo: SGGP) Liquidity exceeds US$1 billion per trading session In the first six months of this year, the VN-Index sometimes jumped by nearly 28 percent compared to the beginning of the year - the second-strongest increase in the world. Although the minus point of the Vietnamese stock market is that foreign investors net sold up to VND30.4 trillion in the first six months of this year, new domestic investors (F0 investors) bolstered up all the strong net selling pressure of foreign investors, helping the stock market to improve in the first two quarters of this year. Data from the Vietnam Securities Depository (VSD) shows that domestic investors opened nearly 621,000 new securities accounts in the first six months of this year, much higher than the total number of new accounts opened in 2020 and 2019. Market liquidity continuously set new records with the trading value of …

[Read more...] about Stock market still attractive to investors

The RoK poured US$2.05 billion into Vietnam in the first half of 2021 RoK investment at US$2.05 billion in first half According to the Ministry of Planning and Investment, Vietnam attracted US$15.27 billion worth of foreign direct investment (FDI) in the first half of 2021. This includes US$2.05 billion from the RoK, accounting for 13.4 percent of FDI pledges to Vietnam. Other leading investors include Japan and Singapore. During the reviewed period, Japanese and Singaporean investors focused on new FDI projects in Vietnam, while RoK pledges were made to existing projects. Specifically, US$750 million was added to the LG Display Vietnam Hai Phong’s project. The additional amount brought the investment capital of the entire project to US$3.25 billion in total, making it the foreign-invested project with the highest value in the port city. LG Electronics is also considering building a new research and development (R&D) center in Vietnam. In addition to LG Electronics, …

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Nicolas Michaux, managing partner at Alpha Prime Hong Kong Vietnam’s GDP grew by 5.64 per cent in the first half of 2021, thanks to strong exports and domestic demand. In the first half of the year, Vietnam managed to attract circa $15.27 billion of foreign investment, down 2.6 per cent compared to the same period in 2020, according to the country’s General Statistics Office. During the time, more than 800 new foreign-invested projects have been licensed with the total registered capital of $9.55 billion, with Singapore as the largest source of investment, followed by Japan and Hong Kong, and manufacturing and processing as the main sectors targeted. So far this year, Vietnam has had 460 operational foreign-invested projects raise capital by $4.12 billion in total, up 10.6 per cent. Ho Chi Minh City came second on the list over the period, with the total registered investment capital of $1.43 billion. Investors are of course facing challenges due to the ongoing coronavirus …

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Switzerland is the sixth largest European investor of Vietnam. Illustrative image (Source: VNA) Hanoi (VNA) – Business, trade and investment opportunities in Vietnam were introduced to businesses of Geneva and French-speaking states of Switzerland during a seminar in Geneva on July 20. Ambassador Le Thi Tuyet Mai , Permanent Representative of Vietnam to the UN, the World Trade Organisation, and other international organisations in Geneva, briefed participants on the business environment in Vietnam as well as the highlights in the economic partnership between Vietnam and Switzerland . She underlined key contents of Vietnam’s socio-economic development strategy, especially the Government’s efforts in promoting digital transformation, innovation, and supporting start-ups, along with measures to improve the local business and investment environment to draw more investors. Along with a sound political relationship, Vietnam and Switzerland have enjoyed remarkable progress …

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Foreign investors still see the Vietnamese stock market as an attractive option Foreign investors’ net selling reached VND11.5 trillion in May and VND25.8 trillion in the first five months of the year on Vietnam’s three stock exchanges. In the first week of June, foreign investors net sold a value of VND6.071 trillion on the Ho Chi Minh Stock Exchange (HoSE). Meanwhile, plunging interest rates prompted Vietnamese to open nearly 400,000 new trading accounts in 2020, a record high. In the first three months of this year alone, they opened almost 258,000 more, helping send daily turnover on HoSE to an all-time high. The foreign selling is attributed to the restructuring of portfolios by foreign investors, with capital shifting from emerging markets, including Vietnam, Thailand and Malaysia, to the US market that continuously hits new records. Dr. Doan Bao Huy from the RMIT University Vietnam said world food prices surged by 40 percent in May compared to a year ago, and …

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Imperative to attract foreign interest in stock market - illustration photo Currently, the Stock Exchange of Thailand is targeting to become the most appealing bourse in the Southeast Asian region, attracting around 30-50 initial public offerings annually. The Thai bourse aims to raise roughly $7.8 billion per year. Meanwhile, despite the positive economic growth and relatively similar characteristics, Vietnam has still missed out on a Morgan Stanley Capital International (MSCI) emerging market status upgrade. Our status is still classified as a frontier market, despite the local government’s efforts and ambition to raise the bar for years. The new Law on Securities was made effective in January, with high expectations on the central counterparty clearing system (CCP), intraday trading, short sales, and non-voting depository receipts (NVDRs). Notwithstanding, by now, none of them has any concrete timeline for actual implementation. So, we can say as frankly as MSCI that “in …

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Vietnam’s supply chains have significantly evolved from how they were a decade ago, the article said, noting that among the countries competing for investment, Vietnam has emerged as a highly effective alternative for relocation in Southeast Asia. “Vietnam’s pursuit of foreign investment, competitive costs, free trade agreements, and liberal investment environment have made it an ideal location for investors seeking to reduce costs and diversify supply chains,” it said. The writing also analysed Vietnam’s competitive edge in terms of labor costs, political climate, infrastructure, working environment and flexible administrative system. It quoted Dustin Daugherty, Head of North American Desk for Dezan Shira & Associates, as saying that Vietnam enjoys a high degree of regional diversity, and the North, Center, and South all have particular competitive advantages for different industries and types of businesses. The article reported that Vietnam spends up to 5.7 percent of its …

[Read more...] about Vietnam’s strengths in foreign investment attraction: VietnamBriefing

The information about Vietnam officially banning entry for foreign nationals and repatriated Vietnamese from July 28 to the end of 2021 is false and inaccurate. Airport staff check passengers' health declaration at Noi Bai Airport.  (Illustrative image – Photo: VNA) Vietnam has temporarily suspended the entry of foreigners since March 22, 2020, until further notice to limit the spread of COVID-19 in line with the Notice No. 118/TB-VPCP dated March 21, 2020 on conclusion of the Prime Minister following the Government's meeting on COVID-19 response. The above measure, however, shall not be applicable to diplomats, officials, foreign investors, experts, and skilled workers. For those entering Vietnam for diplomatic and official purposes, for participation in major diplomatic events, or being experts, business managers, highly skilled workers, the Ministry of Public Security and Ministry of National Defense shall coordinate with the Ministry of Foreign Affairs, Ministry …

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