Foreigners Signs up 13,000 Stock Accounts in Vietnam
Vietnam’s Securities Depository Center had granted securities trading codes to 12,958 foreign investors as of June 1, including 993 institutions and 11,956 individuals.
In May, 40 overseas institutions and 32 individuals were allowed to trade equities in the local stock exchange, the newspaper said.
The Depositary Center’s Deputy Director Duong Ngoc Tuan said institutional investors opened accounts mainly via depositary banks such as HSBC, Standard Chartered Bank, Vietcombank, BIDV, while individuals activated their accounts at leading brokers.
Since the beginning of this year, foreign investors were net buyers of VND729 billion worth of local shares.
The Vietnamese economy is showing signs of recovery after a “considerable” slowdown last quarter, and is doing better than other economies, said WB’s Country Director Victoria Kwakwa at the Business Forum in HCM City June 1.
The VN-Index reached 444.79 points today. (Securities Investment)
Vietnamese
