Chuck Kuhn's Asia in Photos: Vietnam Adds 20 Foreign Institutional Investors In December

Tuesday, January 5, 2010

Vietnam Adds 20 Foreign Institutional Investors In December

HANOI -(Dow Jones)- The Vietnam Securities Depository Agency said Tuesday that it issued licenses to 20 new foreign institutional investors in December to trade local stocks, raising the total number to 1,149.

During the period, 125 foreign individuals also received permission to trade, increasing the total number to 12,429, the VSD said on its Web site.

Vietnam's share index, or VNindex, rose 56.8% in 2009, compared with a 66% fall in 2008.

The Hochiminh Stock Exchange had a total market capitalization of VND494.1 trillion ($26.7 billion) at the end of 2009.

-By Nguyen Pham Muoi, Dow Jones Newswires, 84-435-123-041;

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They say "

“I can’t say what made me fall in love with Vietnam - that a woman’s voice can drug you; that everything is so intense. The colors, the taste, even the rain. Nothing like the filthy rain in London. They say whatever you’re looking for, you will find here. They say you come to Vietnam and you understand a lot in a few minutes, but the rest has got to be lived. The smell: that’s the first thing that hits you, promising everything in exchange for your soul. And the heat. Your shirt is straightaway a rag. You can hardly remember your name, or what you came to escape from. But at night, there’s a breeze. The river is beautiful. You could be forgiven for thinking there was no war; that the gunshots were fireworks; that only pleasure matters. A pipe of opium, or the touch of a girl who might tell you she loves you. And then, something happens, as you knew it would. And nothing can ever be the same again.”
― Graham Greene, The Quiet American

Tips on Travel to Vietnam

It's always warm in Southeast Asia apart from high mountains, so leave the heavy clothing at home. Cotton and breathable fabrics are always better than synthetics -- although cotton does wrinkle a lot when traveling! December through April is roughly the dry season in that region, although it can still rain a little. December is a good time to go in terms of temperature -- cooler than in the humid summertime. Either way, wearing more clothing (shirt sleeves and long pants) is always more respectful towards the Asian culture, especially when visiting temples and rural areas.