Foreign investors spend US$3bn on capital contribution, stock in Vietnam
State Treasury offloads VND4.072 trillion worth of G-bond | |
Securities at the end of 2016: More opportunities, less risks | |
Nearly VND6 trillion in Government bonds sold |
Foreign investors spend US$3bn on capital contribution, stock in Vietnam. |
Between July 20, 2015 and July 20, 2016, foreign investors channeled a total of US$2.948 billion into contributing capital to, or purchasing stocks at, 3,141 businesses in the country, according to the agency.
This is the first time the Foreign Investment Agency has publicized information related directly to capital contributions and stock purchases by foreign investors outside of traditional reports on foreign direct investment (FDI).
Of the amount, nearly US$1.9 billion has been focused on 1,709 companies whose foreign capital contribution has exceeded 50% of the charter capital or that operate within conditional investment sectors.
The rest has been directed to companies where foreign capital contribution accounts for less than 50% of the charter capital.
Real estate remains the most attractive destination for foreign capital, with a total foreign capital contribution of US$350.1 million, accounting for 23.1% of the sector’s total.
Retail occupies second place, with 57 projects and a total foreign capital contribution of US$318.9 million, or 21% of the entire amount.
Experts said that the statistics show a burgeoning rise in foreign capital contributions and stock purchases.
HNX mobilized more than 200,000 billion VND of government bonds in the first 6 months VCN- Chairman of the Management Board of Hanoi Stock Exchange (HNX), Mr. Nguyen Thanh Long said that ... |
After the new Law on Investment came into effect on July 1, 2015, foreign investors have chosen capital contributions and stock purchases in order to enter the Vietnamese market quickly and develop their projects.
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