Global Funds Flee Vietnam Stocks at Record Pace on FX Jitters

Foreign investors pulled an unprecedented amount of money from Vietnam’s stock market following a recent rally as mounting currency pressures dimmed its appeal.

Global funds sold a net $1.5 billion worth of local shares in August — the biggest monthly outflow since Bloomberg-compiled data going back to 2009. The withdrawals, which concentrated around a key stock, came as the Vietnamese dong hit a record low, with some analysts forecasting further weakness ahead.