No pre-funding required for foreign institutional investors to purchase Vietnamese stock from November 2
The solution considered a significant step towards meeting the criteria to upgrade Vietnam's stock market status from “frontier” to “emerging”.
$84.4 mln from ETFs poured into stocks in single week
Figures from FiinPro show that, in the week from November 7 to November 11, exchange-traded funds (ETFs) invested more than VND2.1 trillion ($84.4 million) in Vietnamese stocks, an increase of nearly three-fold compared to the previous week. Foreign ETFs outlaid more than VND1.5 trillion ($60.3 million).
VinaCapital: Stock market to develop into future
Vietnam’s stock market is similar in many ways to Taiwan (China)’s stock market in 1986, such as the percentage of individual investors participating and GDP per capita. VinaCapital has predicted that the development of the local stock market will continue for many decades. Vietnam aims to increase the proportion of individuals participating in the market from 3 per cent of the population to 5 per cent by 2025 and 10 per cent by 2030.