Thursday, September 29 2016

VietNamNews

Foreign investors’ securities trading accounts increase

Update: June, 08/2016 - 11:31
The number of securities trading accounts of foreign investors in Việt Nam increased significantly this year, announced the Việt Nam Securities Depository.— Photo baohaiquan.vn

HÀ NỘI — The number of securities trading accounts of foreign investors in Việt Nam increased significantly this year, announced the Việt Nam Securities Depository.

The number totalled nearly 18,400 at the end of May, including some 2,370 organisational accounts and more than 16,000 individual accounts.

The depository reportedly granted transaction codes to nearly 500 individual foreign investors during the first five months of this year, an increase of 125 per cent over the same period last year.

This is also the record high five-month figure recorded since 2010, when the depository began to provide investor statistics.

In May alone, more than 130 foreign investors received the codes for domestic transactions, the highest monthly level since February.

According to local stock exchange reports, foreign investors last week recorded a net buying value of around VNĐ430 billion, or US$19.1 million.

Analysts said the chance for a US interest rate increase in June has declined and bolstered foreign investors’ confidence in local assets. — VNS

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