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Banking & Finance

Foreign investors picking up securities trading codes

Released at: 18:47, 06/02/2016

Foreign investors picking up securities trading codes

149 codes issued in January, while number in 2015 was up 23.6%

by Quynh Anh

Vietnam Securities Depository (VSD) has announced it issued 149 securities trading codes to foreign investors in January.

Codes were issued to 32 institutional investors and 117 individual investors.

VSD also agreed to alter information regarding 21 foreign investors (15 individual and six institutional) and cancelled the securities trading code of one institutional investor.

As at January 31 VSD has issued a total of 18,756 securities trading codes to foreign investors, including 2,911 institutional investors and 15,845 individual investors.

In 2015 it issued 1,037 codes to foreign investors, an increase of 23.6 per cent against 2014.

Foreign investors have a significant impact on market sentiment and were net buyers in 2015. According to figures from VSD, last year they bought 266.51 million shares worth nearly VND3 trillion ($132 million), down 11 per cent in volume and 22.36 per cent in value compared to 2014.

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