$920Mln FDI enters Vietnam stock market in Jan-Nov: SSC

The State Securities Commission (SSC) said as many as &920 million of foreign direct investments net flowed into the Vietnam stock market in the first 11 months of this year, the flows were stronger in the last 6 months with a peak of $150 a month.

Of the total, $600 million entered listed stocks and $300 million in forms of deposits, the rest came to OTC stocks and bonds.

As of the end of November, Vietnam’s foreign indirect investment (FII) is estimated at $6.5 billion excluding $1 billion government bonds issued early this year.

The SSC’s proposal of FII management has been completed and proposed to the government for approval, the local newswire Dau Tu Chung Khoan reported.

SSC intended to attract foreign investments in two main ways: improving local stock market through mulling raising foreign room in accordance with Investment Law and WTO commitment; issuing legal framework for derivatives products. – Dau tu chung khoan

Tags: invest in Vietnam, Vietnam FDI, Vietnam FDI 2010, Vietnam investment

Posted by VBN on Dec 9 2010. Filed under Investment. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry