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232 securities trading codes issued to foreign investors in May

Released at: 14:14, 08/06/2017

232 securities trading codes issued to foreign investors in May

Image source:srtc.org.vn

21,230 foreign investors now trade on Vietnam's stock markets.

by Tue Lam

Vietnam Securities Depository (VSD) has announced it issued 232 securities trading codes to foreign investors in May.

Codes were issued to 34 institutional investors and 198 individual investors.

VSD also agreed to alter information regarding 33 foreign investors (24 individual and nine institutional) and cancel the securities trading code of five institutional investors.

It previously issued 206 securities trading codes to foreign investors in April (43 institutional investors and 163 individual investors).

There are now 21,230 foreign investors trading, of which 17,912 are individual investors and 3,318 are institutional investors.

The number foreign trading codes issued indicates that foreign investors are interested in the Vietnamese market and are hopeful that the country will foster the equitization of State-owned enterprises (SOEs), according to analysts.

The total portfolio value of foreign investors in Vietnam’s stock markets is about $17.3 billion, an increase of $2.6 billion since the beginning of the year, according to the Ministry of Finance (MoF).

Key foreign investors include Dragon Capital, with a portfolio value of $977 million, VinaCapital with $400 million, PYN Elite Fund with $347 million, and FTSE Vietnam ETF with $327 million, according to initial estimates by securities firms and CafeF - an online news portal on the stock market.

The Top 10 largest foreign investors on Vietnam’s stock markets hold $5.2 billion in portfolio value. Foreign investors have net sold some $340 billion stocks and bonds, an increase of 21.7 per cent, since October 2016, according to VSD figures.

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