Saturday, August 5, 2017

Vietnam stock market hits 9 year high

Vietnam net:

The good performance of macroeconomic indexes has supported the strong rise of the stock market, which has experienced the best six-month period in the last nine years with growth rate of 14.4 percent. 

(snip)

Amid the strong investment wave, foreign investors’ net purchases reached VND9 trillion in the first six months of the year, which was a contrast to the net sale movement seen in the last months of 2016.

Chair of LMC Investment & Trade Lam Minh Chanh said the enthusiasm of foreign investors gave a strong push to the market development.

I continue to be positive about Vietnam for the long term. My holdings of the Vinacap Vietnam Opportunity Fund are up over 40%. I will continue to hold.

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