There are many securities products that are widely used in other countries but have not yet appeared on the Vietnamese stock market, said Phan Duc Hieu, deputy director of the Central Institute for Economic Management (CIEM).
The eighth international economic and financial conference of Vietnam and the Republic of Korea (RoK) took place in Hanoi on March 22.
Vietnamese stock market sucked in a further 2.75 billion USD of foreign fund flows after Tet (Lunar New Year), demonstrating investors’ positive sentiments towards this emerging market.
Vietnamese shares are forecast to advance in March as investors may seize the chance to invest in companies that are about to provide clearer visions for 2019 at their annual shareholder meetings.
Vietnamese stock markets are expected to remain positive in the short-term, with the VN-Index moving towards the 990-1,000 point range next week.
Vietnam’s securities market has plenty of opportunities to be promoted from a frontier market to an emerging market this year.
The Vietnam Stock Exchange has no plans to hire new employees, but will transfer employees from member exchanges to the parent exchange.
Status upgrade may help Vietnam securities market attract 4.5 billion USD
Vietnam’s stock market is set for unpredictable short-term movement, as both local indexes witnessed a choppy trading week last week, on low liquidity and weak cash flow.
The number of trading accounts rose by 260,000 to reach nearly 2.2 million as of the end of 2018, according to the Vietnam Securities Depository (VSD).
The Ho Chi Minh Stock Exchange (HOSE) on January 5 announced the top 10 securities companies with the largest brokerage share and fund certificates in the fourth quarter of 2018.
The securities market ended its first trading week of 2019 at 880.9 points.
Vietnam’s stock market capitalisation rose 13.5 percent against the end of last year, reaching a record high of 3.98 quadrillion VND (170.93 billion USD), according to the State Securities Commission (SSC).
Both indexes of the Vietnamese stock market ended in green on December 3, driven by the agreement between US President Donald Trump and Chinese President Xi Jinping to ease trade tensions.
The Japan International Cooperation Agency (JICA) will carry out a project to help Vietnam improve the fairness and transparency of its stock market, according to a document on the November 5 meeting between the agency and the State Securities Commission of Vietnam (SSC) discussing the project.
The Vietnamese stock market lost steam by the end of October 22 due to the rising selling pressure.
Prime Minister Nguyen Xuan Phuc chaired a seminar on investment attraction to Vietnam in the context of the Fourth Industrial Revolution with more than 40 leading businesses of the US in New York city on September 27.
Vietnamese shares are forecast to extend their growth in the final week of August by a marginal rate while volatility is widely expected by analysts as buyers are believed to be cautious due to the lack of news that could bolster optimism in the market.
