The Deputy Chairman of the State Securities Commission (SSC) Nguyen Doan Hung said, at a conference discussing how to develop the stock market in 2010, on January 22, that the value of the foreign investors’ portfolio has increased by $1.5 billion over the last year.
Hung said that foreign investment inflow has seen many changes in accordance with the ups and downs of the stock market. In the first quarter of 2009, when the market went down, foreign investors mostly withdrew capital to the tune of $530 million.
After that, in the second quarter of 2009, when the market began warming, foreign investors stopped withdrawing, leading to a foreign capital flow returning to Vietnam (About $300 million). Later, in October and November, the volume of net capital flowing to Vietnam increased three fold in comparison with the first months of 2009.
By December 2009, the value of foreign investors’ portfolio on Vietnam’s stock market had reached $6.6 billion. The figure represents an increase of 1.5 billion in comparison with the beginning of 2009.
In 2009, the most noteworthy event in foreign investments was Capital Vietnam Holdings Limited (ICV) announcing its capital withdrawal. The net asset value of ICV when it announced the capital withdrawal was over $250 million.