Foreign capital flows into Vietnam’s stock market in takeover dealsVietNamNet Bridge - Financial institutes all report that foreign investors keep pouring capital into the Vietnamese stock market to take over Vietnamese profitable businesses. To implement their takeover plans, on March 26, foreign investors rushed to buy VGT with net purchase of VND555.5 billion. However, the deals are small compared with the huge deal in which foreign investors’ net purchase of VInhomes shares (VHM) reached VND28.548 trillion. The GSO’s report showed that there were 390 capital contribution deals valued at $1.4 billion which led to a charter capital increase, and 2,359 deals, worth $2.7 billion, in which foreign capital contributed capital, but did not lead to the charter capital increase. The figures, once again, prove the view that foreign capital flow aims to take over businesses, rather than cooperate for development.

Source: VietNamNet News July 26, 2018 09:11 UTC