Vietnam's credit rating, which is still rated at BB is one of the reasons why Vietnamese enterprises have limited access to international capital and have high borrowing costs.

Foreign investors net sold billions of US dollars on Vietnam’s stock market in 2021, but in the first month of 2022, the foreign capital flow has started to return.

Experts say Vietnam has the opportunity to attract more foreign portfolio investment as central banks are launching $6 trillion in quantitative easing programs in 2020.

Novaland Group, a leading real estate developer in Vietnam, received the second disbursement of US$101 million from the international syndicated loan worth $250 million in late March 2020. 

Trading liquidity is key to luring foreign capital into the Vietnamese stock market in 2020 when the local equity market is being weighed down by negative ratings and global developments.

Experts are concerned about the quality of foreign investment and the capability of Vietnam to use the capital.

The foreign capital inflow into Vietnam through M&As soared in the first nine months of the year, raising concerns about an economic crisis like the one that occurred 10 years ago.

Vietnam’s stock market has been evaluated as a bright spot in the region in terms of growth speed and foreign capital absorption for years, according to Chairman of the State Securities Commission (SSC) Tran Van Dung.