Vietnam News Network

Vietnam News: Local, National, Business, Sport, Entertainment and Technology

Trade XRPUSD, Bitcoin and Cryptocurrencies

BUY & SELL XRPUSD | View XRPUSD News & Updates

Buy Sell XRPUSD, Bitcoin and Cryptocurrencies

Long-term foreign investors eye Vietnam, say experts   2008-06-01 - ThanhNienNews

Vietnam remains a potential destination for medium- and long-term foreign investors, said experts at a financial investment conference in HCMC Saturday.




VinaCapital Group director Andy Ho said at the meeting that Vietnam’s economic problems, such as accelerating inflation and a widening trade deficit, would not last long.

He said the country has a great deal of potential for medium- and long-term investors as it has stable politics, and rich natural resources – such as oil, coal and seafood, and a 3,300-kilometer coast that offers the advantage of developing marine industries.

The country attracted foreign direct investment (FDI) worth around $15 billion in the first five months of the year.

Ho insisted Vietnam would continue to develop rapidly in the next 3-5 years.

Ban Viet Securities Company general director To Hai said portfolios worth nearly $10 billion were pumped into Vietnam over the last two years, 90 percent of which were from closed-end funds.

“These funds will run for 5-10 years, so portfolios are still flowing into Vietnam,” he said.

He also added that portfolios worth around $600 million poured into the country this year while foreign investments have lessened in other Asian countries.

Hai suggested investors should buy stocks in rubber, mineral and seafood exporters.

Ho said many foreign players were waiting for the government to implement new measures against current problems.

Canada’s Master Money Traders founder Don Schellenberg warned that investors should not treat stock trading as they would treat gambling.

Other news

Banks cut loans for shares as market drops   2008-06-01

Ripples from Vietnamese interest rates reach Malaysia   2008-06-01

World’s worst stock market rout continues   2008-06-01

Airline introduces the Jetstar jump   2008-06-01

World’s worst stock market rout continues   2008-06-01

Little impact from ‘technical error’   2008-06-01

Bank warns of looming dong dilemma   2008-05-30

Multinationals resist rising office rents   2008-05-30

Vietnam to import coal from 2012   2008-05-30

Joint venture to build HCMC luxury apartments at $100 million   2008-05-29

Dollar eases to VND16,900   2008-05-29

HCMC stock exchange likely to reopen May 30   2008-05-29

Gold to rise above VND19 mln this year, says expert   2008-05-29

Stalled containers must be processed by mid-June: HCMC vice mayor   2008-05-28