Vietnamese entrepreneurs, stock investors and financial experts from the UK took part in a seminar in Ho Chi Minh City on September 26 to share experience in penetrating the international capital market via the London Stock Exchange.

At the seminar, experts from the London Stock Exchange and the UK leading financial groups gave an overview on the AIM, the London Stock Exchange’s international market where smaller growing companies join to seek access to grow capital.

UK experts said about necessary steps to successfully join the London Stock Exchange, role of advisors and ways to maximise enterprises’ value before mobilising capital. They also touched upon legal matters in preparation for capital mobilisation in the international market.

Vice Chairwoman of the HCM City People’s Commitee Nguyen Thi Hong said that the city is building the new urban area of Thu Thiem into an international financial hub. Therefore, the city wants to learn experience from the City of London’s, a global financial hub in the UK, in this field.

Hong also expressed her hope that the UK leading financial firms will pour their investment into the city.

Alderman David Wootton, Lord Mayor of the City of London, who is having a working visit to Ho Chi Minh City, said that his side is ready to provide support in human resources training, legal policies so that Vietnamese businesses will be able to join the global financial hub in the UK.

At present, there are only some Vietnamese firms mobilising capital in foreign stock exchanges. Notably, Hoang Anh Gia Lai Joint Stock Company became the first Vietnamese company to list and offer its Global Depository Receipts to be traded on the London Stock Exchange in March 2011.-VNA