Foreigners end November as net buyers of Vietnamese stocks

This November was highlighted by foreign investors ending as net buyers on the Vietnamese stock market to the tune of VND15,594 billion ($654.5 million), the highest monthly total in the past two years.

This November was highlighted by foreign investors ending as net buyers on the Vietnamese stock market to the tune of VND15,594 billion ($654.5 million), the highest monthly total in the past two years.

Similarly, domestic institutional investors also posted a record two-year net buying high of VND3,042 billion (over $127.8 million), according to Vietnam Securities Depository (VSD) data.

Stock investors in Vietnam. Photo by The Investor/Gia Huy.

On the other side, individual domestic investors ended as net sellers in November to the tune of VND19,016 billion ($798.2 million).

Domestic investors opened 88,479 new securities accounts in November, down 8% from October, according to the VSD. Of them, 145 were companies and organizations, while 88,334 accounts were opened by individual investors, the lowest since February 2021 and the sixth consecutive month of decline.

As of the end of November, the number of individual Vietnamese accounts in the country had reached more than 6.74 million, equivalent to about 6.7% of the population.

In November, foreign investors opened 216 new securities accounts, up 24% from October and for the second consecutive month with an increase after a number of accounts closed in September. The total in November comprised 199 individuals and 17 companies and organizations.

As of the end of November, there were 42,458 accounts representing foreign investors.