Foreign capital inflows into securities market up 3.5-fold
Foreign capital inflows into Vietnam’s securities market in the first half of this year increased 3.5-fold on a yearly basis, reaching US$722 million.
As of June, the total value of foreign investors’ portfolio reached a record US$16 billion, putting the Vietnamese stock market into the top five fastest-growing and highest-yielding financial markets in the second quarter in Southeast Asia, Chairman of the State Securities Commission Vu Bang told a press conference on August 24.
As of August 23, the VN Index and HNX Index rose 13.8% and 4%, respectively, from the late 2015.
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The market’s total capitalisation value hit VND1,590 trillion, or 38% of the gross domestic product and a 17 increase from the late 2015.
The average transaction value of each trading session stood at nearly VND6.2 trillion, up 25% annually.
In January-July, the market raised nearly VND254.5 trillion, up 81%.
As many as 58 State-owned enterprises sold shares worth more than VND5.2 trillion via auctions, marking a 75% increase from the same period last year.
The positive results are attributable to the new government’s support for businesses with better public administration services and promising economic indexes in the first half of the year, including a 7.5% growth in industrial production and a 46.9% surge in foreign direct investment with registered capital topping US$12.9 billion.
