Foreign Investors Pour $13 Billion Into VN Markets

Vietnam’s stock market has attracted US$13 billion from foreign investors, both individual and institutional, according to an official.

Minister of Finance Dinh Tien Dung, speaking at last Saturday’s ceremony celebrating the 14th anniversary of the HCM Stock Exchange (HOSE), the first securities exchange in Viet Nam, noted that the large foreign investment was a positive development, reflecting the increasing growth in the stock market.

Beginning operations in late July 2000, the exchange had only two listed companies and no participation from foreign investors.

Indeed, in 2003, foreign investors’ daily trading value stood at VND41 million ($2,000), while this figure has since risen to VND250.6 billion ($10.2 million).

Currently, 700 companies are listed at HOSE and the exchange in Ha Noi. Also, almost 150 companies have registered to trade on the UPCom.