The State Securities Commission held a conference on June 16 to further develop the stock market.
Participants in the event included investment funds’ representatives, most of whom agreed that macro-economic policy played a key role in developing the market.
They cited the recent high interest rates, set in response to banks’ difficulties in mobilizing the Vietnamese dong, as having a significant impact on investors’ activities. They proposed a provisional fund for emergency cases on the stock market.
Dang Thanh Tam, Chairman of Saigon Invest, said: “World stock markets have similar funds to deal with emergencies.” He suggested that listed firms set up provisional funds of their own to better manage financial investment during unfavourable periods.
They cited the recent high interest rates, set in response to banks’ difficulties in mobilizing the Vietnamese dong, as having a significant impact on investors’ activities. They proposed a provisional fund for emergency cases on the stock market.
Dang Thanh Tam, Chairman of Saigon Invest, said: “World stock markets have similar funds to deal with emergencies.” He suggested that listed firms set up provisional funds of their own to better manage financial investment during unfavourable periods.
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