Viet Nam News
HÀ NỘI – HCM Stock Exchange (HOSE) will join hands with financial information provider StoxPlus to organise the 2nd Vietnam Annual International Investor Conference on November 4 in HCM City.
The conference with the theme “Việt Nam Stock Market on the way to Emerging Markets” will review the progress to upgrade the local securities market from a frontier market to an emerging market.
Trần Anh Đào, HOSE deputy general director, said foreign investors will be provided with information about the activities that the Government and related bodies, including the State Securities Commission and HOSE, have been implementing to speed up this promotion process.
“The Vietnamese Government is endeavoring to promote and upgrade stock market classification as part of efforts to attract foreign capital into Việt Nam,” Đào said.
The conference also evaluates the attractiveness of Việt Nam’s stock market and provides insightful information and analysis for foreign investors.
Foreign investors now have opportunities to increase their holding in a public company to 100 per cent of voting shares as stipulated under Decree 60 and Circular 123. However, during the implementation of these policies, various issues, including legal and trade barriers and issues concerning technical and implementation procedures, were noticed.
The conference will also discuss the revisions and improvements of the regulations to facilitate the implementation of these policies by public companies.
Some 250 foreign institutional investors, including those operating in Việt Nam and other financial investment companies, securities firms and fund managers from Japan, South Korea, Singapore and Hong Kong, are expected to participate in the meeting.
More foreign investors have shown interest in the Vietnamese stock market given the country’s stable economic development and high growth potential of the private business sector.
The benchmark VN-Index on the HCM Stock Exchange has climbed nearly 18 per cent this year. – VNS