The high level of stability has helped Vietnam attract foreign investors, according to Chief Representative of the Russian Trade Office in the Southeast Asian nation Viacheslav Kharinov.
Malayan Banking Bhd (Maybank) plans to double its assets in Vietnam to US$2 billion by 2027, becoming the leading foreign bank in terms of syndicated loans to capitalize on a booming economy, according to foreign media.
According to statistics from securities companies, foreign investors have sold over VND50 trillion (nearly US$2 billion) on the HOSE (Ho Chi Minh City Stock Exchange) in the first six months of 2024.
After a period of fluctuation, the market was unable to find balance due to significant selling pressure, leading to a sharp decline in the last trading session of June, with the VN-Index falling below 1,250 points.
Foreign investors have net sold Vietnamese stocks on HoSE with a value of VND58 trillion (over US$2.3 billion) since the beginning of 2023, indicating a prevailing trend of net selling in the Vietnamese stock market.
Foreign investors are buying into the Vietnamese resort and hotel realty market, lured by the prospect of a full market recovery, according to experts.
The Vietnamese data centre market is capturing the attention of foreign investors due to high demand, according to JLL's comprehensive market report on the nation’s data centre sector.
