Foreign investors have increased their net buying since the end of September, indicating that they still see the bright prospects of Vietnam’s economy and find its stock market attractive in the medium and long term.
The Vietnamese stock market has become a reliable destination for many investors worldwide in recent years, especially those in the Asia-Pacific, said Chairwoman of the State Securities Commission Vu Thi Chan Phuong.
The Ho Chi Minh Stock Exchange (HOSE)'s total revenue in 2022 reached over 2.5 trillion VND, down 23% compared to 2021, the country’s major bourse has announced.
The number of newly-opened securities accounts in March plunged to the lowest in the past two years, marking the sixth consecutive month the market did not record more than 100,000 new accounts, according to the Vietnam Securities Depository (VSD).
From being net sellers in the first nine months of 2022, foreign investors have become the driving force supporting the Vietnamese stock market in the last few months, and the inflows are expected to continue this year.