Foreign investors pump money into Vietnamese stock market

Stock foreign investors have beefed up their buy-in on the Vietnamese bourse over the past three months despite the fact the VN-Index dipped 42.5 percent.

According to the Mekong Securities Company, foreign investors pumped close to 385 million USD in stocks and fund certificates on the Ho Chi Minh City Stock Exchange.

Foreign purchase hit 156 million USD in January before going down to 89 million USD in February and then climbed to 135.5 million USD in March.

“Those figures tell the truth that foreign investors do not withdraw their money from the Vietnamese bourse,” Ho Chi Minh City Stock Exchange Vice Director Le Nhi Nang said.

The Hong Kong-Shanghai Banking Corporation (HSBC) recently said investment funds in Vietnam saw the VN-index slip as an advantage to disburse a large proportion of unused capital.

March witnessed the Vietnamese bourse lose 22 percent, but saw a large volume of shares go to foreign investors’ pockets.

The VN-Index closed at 533 points at the end of the April 4 trading session, gaining 20.3 points from one week ago.

VNA

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