US$4.8bil pumped into Vietnam’s securities market

28 foreign organizations and 537 foreign individuals have opened securities transaction account in Vietnam in the first eight months of 2007, said the Securities Investment Fund Management Company (VFM).

Under statistics from the VFM, the total amount of foreign capital that has been injected into Vietnam’s securities market was 4.8 billion USD at the end of August, 2007.

As forecasted, the country’s securities market will see a strong growth because a great number of securities companies such as Vietcombank, Incombank, BIDV, MobiFone, Sabeco, and Habeco have launched massive initial public offerings (IPO). The supply is expected to increase rapidly in the first quarter of 2008.

In particular, the Prime Minister’s approving of Vietcombank’s privatization will be a catalyst for the domestic market to thrive.

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