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Update news HNXIndex
Instead of adopting the age-old “sell in May and go away” strategy, and focusing on months with traditionally stronger market growth, investors now could be more bullish about a stock rally, buoyed by optimism about a gradual reopening of businesses.
The turbulent moves of foreign selloffs in Vietnam’s stock market over the past few weeks have indicated that riskier assets are still in the midst of a tenuous recovery.
Indeed, Vietnam’s securities markets have come a long way since World Trade Organization accession in 2007 – or have they?
Taiwanese investors are making their way into Vietnam’s stock arena, lured in by a fast-growing economy and a more mature financial market. However, some hurdles need to be removed to attract more capital.
Vietnam plans to launch new rules that make it easier for foreign-invested enterprises to list on domestic stock markets, amid necessity to draw in international capital.
Both the Hanoi and HCMC bourses witnessed exciting trading sessions last week with the VN Index of the HCMC Stock Exchange climbing to 722.14 points at the closing session, while the HNX Index of the Hanoi Stock Exchange rose to 91.37 points.
VietNamNet Bridge - Analysts have cautioned the public about assuming that billions of dollar worth of capital will come to Vietnam because of the Chinese stock market problems.