Data from SSI Research shows that the State Bank of Vietnam’s purchase of foreign currency from commercial banks has injected some VND60 trillion ($2.64 billion) into the market, helping reduce the interbank interest rate.

Active funds saw a net withdrawal of $191.6 million in the first seven months of 2021, while exchange-traded funds (ETFs) saw a net withdrawal of nearly $700 million. Vietnam is still receiving the most foreign capital in Southeast Asia. August ETF inflows, however, are likely to be weaker than in July. Some experts believe that this is due to the risk of inflation and the ongoing pandemic.