Update news foreign investors
State divestment is expected to lure foreign investors into and lift Vietnam’s non-life insurance market.
Foreign investors bought more Vietnamese stocks than they sold in January, snapping a month-long streak as net buyers after offloading shares in the last five months of 2019.
Foreign investors in January bought a total net value of VND46 billion (nearly US$2 million) worth of shares on the Unlisted Public Company Market (UPCoM).
The Vietnamese finance market has seen many investment deals by foreign investors who have poured money into startups, showing the attractiveness of the new industry.
The move would allow MB Bank to transfer 21.43 million in treasury shares to foreign investors.
Vietnam is seen as one of Southeast Asia’s most attractive real estate markets for foreign investors, so local property developers can easily seek partners through merger and acquisition (M&A) deals.
The number of investors opening new accounts in 2019 fell from the previous year, according to the Vietnam Securities Depository (VSD).
In 2019, foreign investors bought in shares worth VND3.7 trillion (US$159.67 million), but offloaded over US$4.4 trillion (US$189.88 million).
Foreign investors have poured around 36.4 billion USD into the Vietnamese stock market by the end of 2019, a rise of 11.6 percent from a year earlier, according to the State Securities Commission (SSC).
The Vietnamese stock market is very promising in the eyes of foreign investors. However, the barriers in liquidity and transaction fees have discouraged them.
Foreign, as well as overseas Vietnamese doctors providing health check-up and treatment services in Vietnam, will be required to speak fluent Vietnamese, according to a draft amended law on medical examination and treatment.