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VietNamNews

Seminar promises stock-market insights

Update: September, 14/2012 - 10:42

HCM CITY (VNS)— Securities companies and experts will dissect the working of the stock market at Super Stock Day to be held in HCM City later this month.

The event, organised by financial information company Vinabull Co and Entrepreneur magazine, will see 30 booths showcasing financial products and a seminar offering insights into the market.

Several topics will be discussed – such as the role of State and investors in regulating and improving the stock market; investor relations; forecast on the return on investment in the stock market compared to other asset classes (like real estate, gold, foreign currency, bank deposits) in the next five years; transparency; and corporate governance.

Young executives will be targeted to provide information about securities investment.

The event will seek to help investors orient investment towards companies that are transparent and have good corporate governance.

Pham Ngoc Bich, a senior executive at Sai Gon Securities Inc, said most Vietnamese companies were weak in corporate governance.

The Vietnamese stock market was easily influenced by investor sentiment and economic policy, leading to volatility, he said.

But foreign investors did not worry much about these and remained invested in stocks of companies with good growth and good corporate governance, he said.

They did not rate stocks of diversified companies too highly, he added.

Foreign investors account for 20 per cent of transactions in the Vietnamese stock market, which they expect will develop strongly in future.

The event, to be held on September 21, hopes to attract 15,000 individual investors besides organisations. — VNS

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