Foreign ownership rates in Vietnamese companies remain low though Decree 60 stipulates no limits in most sectors, the second Vietnam International Investor conference heard in HCM City last week.
The governments of Vietnam and Luxembourg have signed a protocol on the project VIE032 to support the State Securities Commission in implementing Vietnam Stock Market Development Strategy 2016-2020.
More than 250 financial experts and investors from Vietnam, Thailand, Malaysia, Japan, Singapore, the US and the EU will attend the second foreign investment conference in Ho Chi Minh City on Nov. 4
VinaWealth Fund Management Company JSC has launched the VinaWealth
Equity Opportunity Fund (VEOF), under the IPO granted by the Vietnam
State Securities Commission on March 14.
Profit booking intensified during March 20's trading, dragging shares on
the Ho Chi Minh City Exchange down. However, shares on Hanoi Exchange
managed to close slightly up.
Vietnam stock market witnessed dull trading activity last year, this has
led to the closure or suspension of many securities companies or fund
management companies.
Shares advanced on both national stock exchanges on January 13, with the
benchmark in the southern bourse exceeding the 520-point level thank to
blue chips' support.
While most Southeast Asian stock markets are emerging on the global
financial map, the Vietnam stock market skyrocketed in 2013 with a
growth rate of over 20 percent. Vietnam Net online newspaper reports.
The stock market in Vietnam witnessed a strong recovery this year with
the benchmark indices, market capitalisation and the involvement of
foreign capital soaring over last year, according to the State
Securities Commission.
Shares finished higher on December 19 on both national stock exchanges
as investors welcomed the US Federal Reserve's (Fed) move to "taper"
monthly bond buying by 10 billion USD to 75 billion USD.
The Vietnam stock market returns to its position as an important capital
mobilisation channel, when capital flows not only come from domestic
investors, Vietnam Chamber of Commerce and Industry says on its website.
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