Foreign Institutions Seek to Enter Vietnam Stock Market: Dragon Capital
Foreign institutions are seeking opportunities to buy shares in emerging markets including Vietnam which have been weathering the global crisis well, Dragon Capital fund said at “Vietnam Corporate Day” seminar in Hong Kong Sept. 18.
Investors realized that they have missed the chance to enter the Vietnamese market when it was at the bottom, the fund said.
Dragon Capital that runs six funds to manage assets of $1.68 billion is boosting disbursement of its current capital and establishment of new funds to invest in Vietnam.
Comgest, one of the first European investment funds investing in Vietnam, is upbeat about the prospects of the market.
Foreign funds, however, urged for more transparency in the government’s regulations and policies, said Hong Kong-based Comgest Far East Limited’s Chief Executive Officer Chakara Kisowath.
The seminar was co-organized by the Hochiminh Stock Exchange (HOSE) and Daiwa Securities SMBC, aiming to promote Vietnam’s stock market overseas. Representatives from 30 Hong Kong-based leading funds attended the event. (Stock Investment)
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