Changes driving foreign investor activity in market


The change will take effect in early November and is likely to significantly boost the activities of institutional investors in the Vietnamese stock market. — Vietnam News

HANOI: New rules enabling foreign investors and organisations to trade without pre-funding, coupled with the prospect of elevating the stock market to the emerging FTSE index, are drawing foreign investors to the securities group.

Vietcap Securities JSC (VCI) has just announced a resolution to issue privately 143.6 million shares, equivalent to 25% of the outstanding shares, for 28,000 Vietnamese dong per share (US$1.14).

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