Valuations of stock exchange-listed companies in Vietnam are still attractive and even low following the recent sharp correction, said Dominic Scriven, chairman of Dragon Capital Group, the largest fund manager in Vietnam.
  Despite all these facts, foreign players have net bought US$1.5 billion worth of Vietnamese securities year to date, indicating that Vietnam is still their favored place to put money in, Scriven added.
To help boost the local stock market, Scriven recommended the Vietnamese government quickly announced the Amended Law on Securities, build up an ecosystem of domestic institutional investors, introduce more financial products and hasten state-owned enterprises to list shares after their initial offerings.
In addition, the veteran fund manager suggested establishing Vietnam’s own credit rating agency that can help firms issue corporate bonds to the public or in private placement.