Bualuang Securities (BLS) is bullish on the Vietnamese stock market despite a sharp decline of 11.6% in April, citing Vietnam's high economic growth prospects.
According to BLS Mutual Funds, an investment unit of BLS, the drop in the Vietnam Stock Index can be attributed to three factors.
The first factor was the arrest of an executive at FLC Group, a Vietnamese real estate firm, for manipulating stock prices, concealing securities information and violating rules related to capital raising from the issuance of Tan Hoang Minh shares worth more than 10 trillion dong (15 billion baht).
