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ECONOMY

Foreign investors net purchase US$1.76 billion of Vietnam stocks in H1

Updated at Wednesday, 04 Jul 2018, 13:50
The Hanoitimes - Despite geopolitical uncertainty and market volatility of global markets, Vietnam`s stock market still sees net foreign investment inflows.
In the first six months of 2018, Vietnam's stock market witnessed strong foreign cash inflows with foreign investors' net purchases reaching VND40.5 trillion (US$1.76 billion), according to the State Securities Commission of Vietnam (SSC). 
 
Illustration photo.
Illustration photo.
Since the beginning of the year, foreign investors net bought VND38.7 trillion (US$1.68 billion worth of shares and VND1.78 trillion (US$77.3 million) worth of bonds.

During the period June 1 - 26, the indirect investment capital inflows jumped to US$34 million, taking the total amount to US$2.28 billion year to June 26. Foreign investors' portfolios of Vietnamese securities were valued at US$35.7 billion at the end of last month, the commission added.

In June, total derivatives transaction reached a record high of 1.98 million contracts valued at VND193.37 trillion (US$8.31 billion).

Consequently, the SSC considered this as a positive sign amid growing volatility in Asian and global markets.

Vietnam posted year-on-year GDP growth of 7.08% in the first two quarters of 2018, the best first-six-month performance in the last eight years, backed by growth in industry and construction, according to the General Statistics Office (GSO). 

Thanks to the country's high economic performance in the first six months and the constantly improved business and investment environment, Vietnam is on track to reach the GDP's growth target of 6.7% for 2018, said Nguyen Bich Lam, director general of the GSO. 
Nguyen Tung
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