Thursday, February 22 2018

VietNamNews

Regulators encouraged to lure foreign investors

Update: February, 08/2014 - 09:46
Ha Noi Stock Exchange. — VNA Photo Pham Hau
HA NOI  (VNS) — Minister of Finance Dinh Tien Dung urged the market regulators on Thursday to take measures for attracting greater participation of foreign investors in Viet Nam's stock market.

He said this at the opening of trading of the Ha Noi Stock Exchange and added that it would be in line with international commitments and integration process.

Many experts have forecast that the capital inflow into the stock market would grow this year, accompanied by innovations in policies and improvements in the macro-economy.

The regulation about giving more space to foreign investors in listed companies, which is expected to be issued soon, would especially be a stimulator for that.

At the ceremony, Dung also said that the restructuring of the stock market must be hastened, including enhancing its quality, restructuring the securities companies and fund management companies, and improving the transaction system.

In addition, the derivatives market must be implemented with the establishment of the Viet Nam Stock Exchange to ensure that the development of the stock market is in line with the general economic development.

Dung stressed that the restructuring of State-owned enterprises must be sped up by boosting privatisation and disinvestment from non-core businesses.

The transparency of companies after the initial public offering must be ensured.

Dung also said that the management and supervision of the market must be tightened, while violations have to be handled strictly to ensure healthy operations of the market. — VNS


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