Vietnam lures bigger FII in 2007
January 03, 2008 00:00:00
HANOI, Jan 2 (Xinhua): Vietnam is estimated to attract 5-6 billion US dollars of foreign indirect investment (FII) last year, 3-4 times the figure in the year earlier, local newspaper Investment reported today.
A considerable amount of the FII was invested in the country's securities and properties markets. Part of the FII was poured into private companies operating in such potential fields as consumer goods, services and export.
Indochina Capital Vietnam Holdings Limited, a fund listed on the main board of the London Stock Exchange in March 2007, has so far disbursed 400 million dollars out of its mobilised capital of 600 million dollars. Cayman Islands-based Indochina Capital Corporation, which manages the fund, plans to pour additional one billion dollars to Vietnam's stock market, especially common shares, convertible bonds and private debts this year, the newspaper said.