Foreigners Trade US$5M of Vietnam Shares Daily
Foreign investors pour between US$3 million and US$5 million into Vietnamese shares daily in recent trading session, which remains modest but better than previous months and last year.
They have remained net buyers of local shares recently.
The statistics on forex trading of the State Bank of Vietnam showed that foreign indirect investment capital (FII) into the country has surged again in recent months but is still US$500 million lower than that early this year.
The inflows will help improve Vietnam’s foreign currency balance, which may be hurt by falling exports, remittance and foreign direct investments, analysts said.
The country’s exports are estimated to fall 9% and overseas remittance may decline 15%-20% this year. (Vietnamnet)
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