Restructuring efforts should provide badly needed boost, finance minister says Investors watch index screens at a brokerage house in Hanoi. There are expectations that the stock market will soar in 2012. Finance Minister Vuong Dinh Hue is confident reforms planned for the stock market in 2012 will provide the serious boost it really needs after a bad year. The market will pick up in 2012 as a series of restructuring measures will be taken, Hue said. He said the first step is to redefine the stock market as the major provider of medium and long-term capital for the economy, so that banks can step back and focus on supplying short-term funds. "Since credit will continue to be tightened, the stock market has a great chance to become the capital channel for businesses," he said. A plan to merge the country's two stock exchanges will be submitted to the government in the second quarter, the minister said, adding that a new national bourse will be more professional and … [Read more...] about Early rally raises expectations for stock market reforms
Days stock market is closed
VietNamNet Bridge - While securities investors feel depressed about the continued fall of the VN Index, and experts have urged the management agencies to take action to rescue the stock market, the State Securities Commission (SSC) does not think that it is necessary to intervene in the market at this moment. Nguyen Thanh Ky, Secretary General of the Vietnam Association of Securities Business VASB on May 25, said that VASB has sent proposals to the competent agencies, asking to take necessary measures to rescue the stock market. However, SSC will have to keep a close watch over the market performance for some more trading sessions before making final decision on whether to take actions. May 25 once again witnessed the sharp fall of stock prices with the VN Index decreasing to 386.36 points, down by 16 points from the previous trading session, the sharpest decrease over the last two years. With the continued decreases in the last 10 consecutive trading sessions, the VN Index … [Read more...] about SSC says no action needed to rescue stock market now
VietNamNet Bridge ' Some individual investors have urged the State Securities Commission (SSC) to make an urgent intervention to stop the slide of the stock market. Meanwhile, experts believe that the market needs to perform its way. Nguyen Ngoc Chinh, General Director of Sen Vang Securities Company, said that it is really alarming that the stock index has dropped by 40 points just over the last three days. Chinh believes that the market has fallen into a dangerous situation and it needs the urgent intervention from SSC. The purchasing power nearly got exhausted on August 23, which showed the sharp fall of investors' confidence and signaled a possible runaway of investors from the market. He said on Vietstock that the watchdog agency needs to provide updated information to investors and advise investors to keep calm in the circumstances. Investors should be informed that the stock market is being governed by the bad news about Kien arrest, but also backed by the good news … [Read more...] about Stock market experienced quake, but will recover soon: analysts
Stock Market An Attractive Investment Channel By Nguyen Quan What happened to Vietnam’s stock market between February 15 and 21 While many economic experts are still worrying about Vietnam’s economic situation, stock investors seem to ignore the woes as their operations have helped the local stock market continue to gain points. Dragon Capital Group ranks Vietnam’s third among Asian bullish stock markets these days. The unexpected growth is ascribed to positive macro policies recently taken by the Government. Investors have also pinned their hope on positive analyses by both foreign and domestic specialists. The report assessing the Vietnamese economy released by HSBC on Monday morning puts Vietnam’s 2012 gross domestic product (GDP) growth at 5.7%. Likewise, a Standard Chartered report says that after a year of hyperinflation, prices of commodities in Vietnam have no longer increased steeply. Given the decelerating inflation, Standard Chartered expects that the … [Read more...] about Stock Market An Attractive Investment Channel
Securities trading floors have more and more poorly patronized, which has made people worried that the stock market’s Tet holiday may not last 9 days, but six months long. If so, it would be very difficult to resume the market operation. The Vietnamese stock market has been facing a lot of difficulties and challenges, including the macroeconomic uncertainties, input material price increases, high inflation rate and dong/dollar exchange rate fluctuations. However, the most fearful thing is that the cash flow and the confidence have got depleted. The market would get frozen after Tet The Prime Minister has approved the proposal by the Ministry of Labor, War Invalids and Social Affairs to allow civil servants and employees to enjoy a long Tet holiday which lasts nine days from January 21 to the end of January 29. This means that the stock market would also have a long Tet holiday of nine days. Observers have warned that stock investors may not return to the market after … [Read more...] about Stock market’s Tet holiday would last until June?