The stock market experienced heightened selling pressure on the final Monday of August, resulting in substantial losses in key stocks as foreign investors continued their net selling.
Foreign investors injected more than US$2.87 billion into the Vietnamese realty market during January-July, a year-on-year surge of 78 per cent, according to the Ministry of Planning and Investment (MPI)’s Foreign Investment Agency.
Foreign investors have net sold Vietnamese stocks on HoSE with a value of VNĐ58 trillion (over US$2.3 billion) since the beginning of 2023, indicating a prevailing trend of net selling in the Vietnamese stock market.
Besides State-owned banks Vietcombank and BIDV, private banks such as LPBank, SHB and HDBank have also planned for stock offering to foreign investors in 2024.
The city''s 10-month foreign investment attraction was also 53 per cent higher than its yearly target, said Chief of the Office of the municipal People’s Committee Nguyễn Ngọc Tú.
HoSE reported that most industry indexes experienced decreases in October, with the consumer goods industry (VNCOND) witnessing the largest decline of 20.22 per cent.
By the end of September 2023, the Vietnamese stock market had 2,237 products of stocks, bonds, ETFs, fund certificates and CW, down 0.89 per cent compared to August but up 3.47 per cent compared to the same period last year.
Despite Việt Nam''s recent efforts to improve the business environment, foreign investors still face several investment environment barriers such as administrative procedures related to land clearance and acquirement according to business experts and insiders.