Foreign investors turn sellers in Vietnam after 10-year spree

Hanoi

FOREIGN investors' infatuation with Vietnam is waning.

After pumping in US$3.4 billion since 2006, overseas traders are set to be net sellers of assets traded on the Ho Chi Minh City Stock Exchange this year for the first time in a decade, according to data compiled by Bloomberg. While the benchmark VN Index is near an eight-year high, MSCI Inc hasn't yet elevated the market to emerging status from frontier, and government plans to remove foreign ownership limits have been enacted at just a few companies.