2015: Stable year for Vietnam securities
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.
Illustrative image (Source: VNA)As many as 290 trillion VND (13.05 billion USD) was mobilised for the sector in the year, making up 28 percent of the total investment capital from all sectors – the record figure so far.
The value of equitisation deals and share issue alone recorded a growth of 6.6 percent, while bond mobilisation met the set goal.
Chairman of the State Securities Commission Vu Bang attributed the good performance to positive economic growth in the year, effective measures taken to address bad debt and the promotion of equitisation.
Policies by the Vietnamese Government in opening up the market to attract capital helped increase the trust of foreign investors, thus hurrying them to expand investment in Vietnam.
According to Bang, international organisations forecast that Vietnam’s economic growth is likely to increase to between 6.5-6.7 percent in 2016, and that assessment will be very helpful in attracting foreign investors.
Efficiency of policies regarding equitisation, share listing and restructuring of State-owned enterprises, will be improved in 2016, aiming to draw more capital to the stock market, Bang noted.
He said that the commission will intensify more solutions to stabilising and maintaining sustainability of the stock market, focusing on realising targets of restructuring the market , bettering the quality of goods, and promoting capital mobilisation.-VNA
You should also see
PM asks for sufficient power supply under any circumstances
Prime Minister Pham Minh Chinh on April 20 asked ministries, sectors, agencies, localities, and businesses to make forecasts on the situation and prepare response plans to ensure sufficient power supply for production and daily activities under any circumstances.
See more
Business
Cooling equipment market heats up
Many electronics supermarkets in Hanoi have launched summer promotion programmes, reducing prices for cooling equipment such as air conditioners and fans, as the weather in the north of Vietnam has just begun to be hot and sunny.
Business
Lam Dong strives to develop tea industry towards sustainable development
The Central Highlands province of Lam Dong aims to develop its tea industry to 2030 towards sustainable development by improving efficiency and fostering links between tea production, processing, and consumption. The province is also striving to replace aging tea plantations with high-quality tea varieties to enhance productivity.
Business
Vietnam treasures multifaceted cooperation with Côte d'Ivoire: Deputy FM
Vietnam always attaches importance to and wishes to bolster multifaceted cooperation with Côte d'Ivoire – its traditional friendship partner in Africa, Deputy Minister of Foreign Affairs Nguyen Minh Hang has said.
Videos
Foreign investment driven towards new breakthrough phase
Vietnam has so far drawn nearly 500 billion USD in registered FDI capital after nearly four decades of opening up its economy, with investment quality improvement considered a key task for a new breakthrough phase ahead.
Business
Quang Ninh attracts additional 115 million USD from Japan investors
The Quang Ninh Economic Zone Authority (QEZA) presented investment certificates to two Japanese projects worth 115 million USD in total at a conference held at Song Khoai Industrial Park (IP) on April 19.
