Foreign Capital Flowing into Vietnam Shares
Foreign investors are seeking opportunities to pour their money into Vietnamese shares after the market has rallied sharply on expectations that the economy will recover soon thanks to the government’s stimulus packages.
Global Alliance Partners (GAP), a financial service provider, and some partners in Japan have set up an investment fund with the total capital of US$250 million to make investments in Vietnam. The fund aims at infrastructure and production fields.
Quam, a Hong Kong-based finance service group, which is managing the Asia investment fund, has also set up Quam Opportunities Fund with US$20 million to invest in Vietnam, Quam’s Chairman Bernard Pouliot said.
Saigon Asset Management (SAM), which is managing two listed funds in Germany, VEH and VPH, said with profuse money, it plans to invest in private companies with feasible property projects in Hanoi and HCM City.
“When average prices fall, we will have more opportunities to buy in shares, and our today investments will be better,” said Quam’s Chairman Bernard Pouliot.
Meanwhile, foreign shareholders have also rushed to raise holdings in listed companies which posted impressive profits in the first quarters and their shares are undervalued.
The VN-Index has risen 42.5 per cent since early April to nearly 420 points so far.
In the market, foreign investors were net buyers of VND978.4 billion worth of local shares since April 1. (Young People, VietNamNet)
Vietnamese
