Foreign Investors Return to Vietnam Stocks on Lockdown Success
Global fund managers are starting to return to Vietnam’s stocks as the Southeast Asian nation emerges relatively little scathed from the coronavirus pandemic.
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Ban Viet Commercial Joint Stock Bank, known as Viet Capital Bank got approval from Hanoi Stock Exchange to list 317.1 million shares on the Unlisted Public Company Market (UpCOM), exchange filings say.
The increase of Sabeco and other major stocks led the benchmark VN-Index on the Ho Chi Minh Stock Exchange to 847.61 points, up 0.62 percent in Friday trade.
A consortium led by KKR that includes Temasek completed the acquisition of 6% stake in Vinhomes, a real estate arm of Vietnam’s largest private conglomerate Vingroup, KKR said in a statement.
Global fund managers are starting to return to Vietnam’s stocks as the Southeast Asian nation emerges relatively little scathed from the coronavirus pandemic.
Vietnam increased fuel prices for the third consecutive time on Friday when daily life and business returned to normal in the country.
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