Foreign capital flow was behind the strong rise of the stock market in 2017The high GDP growth rate, the government’s new policies and foreign capital flow are the three factors behind the strong rise of the stock market in 2017. The sharp increase of foreign capital flow in 2017 helped push the VN Index by 48 percent and HNX Index by 46 percent. The cash flow from foreign investors continued to be a psychological support for the market with a total net buying of VND7.136 trillion. VanEck Vectors Vietnam ETF (V.N.M ETF), one of the two biggest ETF in Vietnam, has raised $25 million so far this year. Meanwhile, Db x-trackers FTSE Vietnam ETF (FTSE Vietnam ETF) has issued another 60,000 fund certificates, raising the total number to 9.52 million units.

Source: VietNamNet News February 08, 2018 03:11 UTC