Bloomberg: Foreign investors optimistic about Vietnam’s economy
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Foreign investment in Vietnamese stocks is at the highest level in the last 5 years (Photo: xaluan.com) |
(VOVworld) – Foreign investment in Vietnamese stocks is at the highest level in the last 5 years says Bloomberg, while a survey by the European Chamber of Commerce in Vietnam shows investors optimistic about Vietnam’s economy. According to Bloomberg, foreign investors invested more than 250 million USD in Vietnamese stocks last year, the highest total since 2008. Bloomberg News said this positive sign shows investors’ growing faith in business benefit and a decrease in the cost of borrowing capital. The international news agency said many investors opened accounts in the first 4 months of 2013, even more than last year. The VN-Index has increased 25 percent so far this year, the fastest growth in Southeast Asia. Bloomberg said the Vietnamese government’s measures to reduce the banking system’s bad debt has had a positive impact on markets.