As one of the first developers of the Vietnamese stock market 20 years ago, State Securities Commission chairman Vu Bang has seen plenty of ups and downs in the market. He talked about his experiences with VIR’s Huu Hoe as the 2017 lunar New Year approaches.
As Vietnam is integrating rapidly into the global economy, the financial markets need to be restructured towards balance, efficiency and transparency to eliminate the risks of instabilities and achieve sustainable development.
The Ministry of Finance may use a “book building method” in selling the State’s holdings in State-owned enterprises (SOEs), Vu Bang, Chairman of the State Securities Commission, told local media.
Listed firms remain reluctant to lift their foreign ownership limit for fear that they will be treated as a non-Vietnamese entity.
The Republic of Korea (RoK) is among three leading countries that have the highest number of investors in the Vietnamese stock market, Chairman of the State Securities Commission Vu Bang said at a conference held in Ho Chi Minh City on March 10.
Vietnam’s securities sector reaped satisfactory results in 2015, thanks to its strong measures to attract external capital flows and through the restructuring of the stock market system.
The influence of China’s stock market plunge on Vietnam is insignificant, illustrated by the rising liquidity on the first trading session on January 4.
The capitalization of Vietnam’s stock market was estimated at more than VND1,325 trillion (US$58.8 billion), equal to 34% of the country’s Gross Domestic Products (GDP), this year.
Creditors and entrepreneurs from Vietnam and the Republic of Korea (RoK) gathered at a workshop in Ho Chi Minh City on December 4 to boost economic-financial cooperation.
Bank shares and state-owned enterprises’ (SOEs) IPOs (initial public offering) have become highly attractive to foreign investors.
Enterprises in several business fields are now able to implement regulations in Decree No 60 that increase the foreign-ownership ratio in Vietnamese companies, with no need to wait for guiding documents.
A Vietnamese woman who died after falling down from an elevated highway in Singapore is now believed to have jumped off the overpass herself, according to media reports.