Seminar discusses risks in derivative market hinh anh 1Illustrative image (Source: HNX)
HCM City (VNA) – A seminar discussing how to manage risks in the derivative market took place in Ho Chi Minh City on November 10.

Over the past decade, the Vietnamese securities market has listed stocks of public companies and government bonds, including general stocks and several fund certificates.

Nguyen Thi Hoang Lan, Vice Chairwoman of the board of directors and Vice General Director of the Hanoi Stock Exchange (HNX), suggested launching financial derivative products first instead of commodities.

Commenting on the prospect of the market, Dang Tai An Trang from the Finance Ministry’s State Securities Commission (SSC) said the market aims to provide a new tool to prevent risks and attract new capital flows, but also poses risks involving liquidity, partners, among others.

He urged for State management and involvement of units concerned to ensure fair and transparent operations in the market

As scheduled, units concerned will report the outcomes of their study to the government in late December. The derivative market is expected to open in the first or second quarter of 2017.

The seminar was co-hosted by the HNX, the SSC and the Vietnam Securities Depository.-VNA