Net foreign selling of Vietnamese stocks may ease ahead of potential market upgrade in 2025
August 29, 2024 / /
Set against a strong inflow of FDIs, the sell-off by foreign investors points to divergent views on the country’s growth outlook, analysts say
[HO CHI MINH CITY] Robust foreign direct investment (FDI) inflows have stood in contrast with a shrinking proportion of shares owned by foreign investors in Vietnam’s stock market. This proportion fell to a 10-year low following consistent net selling since 2023.
This points to foreign investors’ divergent views on the country’s short-term and long-term growth drivers.
Quan Trong Thanh, head of research at Maybank Investment Bank Vietnam (MSVN), said: “Normally when FDIs come in, it would raise the attention for portfolio investments to follow.”
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