Tuesday, April 24, 2007

Over 1 billion US$ foreign investment in Vietnam stock market

The Vietnamese Ministry of Planning and Investment has said net foreign inflow into the stock market by the end of last year was around US$1 billion.

A recent World Bank report said foreign portfolio investment was worth around $4 billion while total market capitalization was $24.4 billion.

Foreign investors are allowed to hold 49 percent of a company’s stocks, 30 percent in the case of banks.

Source: Thanh Nien

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