9:30:01 AM | 5/9/2008
Vietnam’s stock market watchdog-the Stock Depository Center-said it had licensed 12,100 accounts for institutional and individual foreign investors as of Sept 1 this year with the landmark presence of Templeton Asset Management Fund.
The center said the figure includes 806 institutional investors and 11,294 individual investors, and in Aug this year it licensed an additional 35 institutional investors and 226 individual investors.
Traders said the market recovery is based on Vietnam’s improved macro situation with CPI abating to 1.56 per cent on month, trade deficit shrinking to US$900 million and FDI pledged at US$47 billion in Jan-Aug.
Within Aug Vietnam had cut twice prices of gasoline in the wake of drop in prices of oil at the global market and the State Bank of Vietnam tripled reserve rates to 3.6 per cent per annum also stimulated the investor sentiment.
The market has so far gained roughly 50 per cent since it touched the bottom of the benchmark of 370,45 Jun 11. (Vneconomy)
Vietnamese
