World

Foreign investors' net selling in Vietnam exceeds 2.3 bln USD

HANOI
2024-06-04 16:24

Already collect



HANOI, June 4 (Xinhua) -- Foreign investors have net sold Vietnamese stocks on Ho Chi Minh Stock Exchange (HoSE) with a value of 58 trillion Vietnamese dong (over 2.3 billion U.S. dollars) since the beginning of 2023, indicating a prevailing trend of net selling in the Vietnamese stock market, Vietnam News Agency reported Tuesday.

In recent months, the intensity of net selling has become particularly high, comparable to the record net selling year of 2021, which exceeded 58 trillion dong (2.28 billion dollars).

It is possible that new records will soon be set, as foreign investors show no signs of halting their selling activities, consistently offloading trillions of dong worth of stocks in each session, said the report.

Bui Van Huy, director of DSC Securities Joint Stock Company, Ho Chi Minh City Branch, said if measures aimed at upgrading Vietnam's stock market were implemented more rigorously, it would attract foreign capital inflows to ride the wave.

Despite the strong net selling pressure from foreign investors, Vietnam's stock market has shown a robust recovery in the early months of the year.

As of the May 29 trading session, the VN-Index reached 1,273.64 points, representing an increase of over 140 points or 12.6 percent compared to the beginning of 2024.
Add comments

Latest comments

Latest News
News Most Viewed