Beginning August 21, the Vietnamese stock market reacted negatively to the arrest of bank millionaire Nguyen Duc Kien, the co-founder of Ha Noi Stock Exchange-listed Asia Commercial Bank (ACB).

The number of businessmen in the list of top 500 stock millionaires aged below 30 is so small that they can be counted on one’s fingers. Most of them are hereditary businessmen, born into the rich families.

VietNamNet Bridge – Foreign businesses have withdrawn investment capital and stopped pouring money into the real estate market without any statements about the plans to come back to the market.

Some investment fund management companies have been moving ahead with their plan to set up open end funds.

 VietNamNet Bridge – Although foreign buying value hit an eight-month high in November, securities enterprises said that the investors have yet to come back to the local market given risk concerns.

The Vietnamese stocks have become cheapest than ever. Investors now keep the wait-and-see attitude and look forward to the measures to rescue the market promised by watchdog agencies.