HCM City (VNA) – Foreign investors are still optimistic about Vietnam’s capital market despite recent market fluctuations.
This was a common belief shared by almost all foreign and domestic lecturers at a seminar held by the Vietnam-EU Business Forum (VEUBF) in Ho Chi Minh City on March 26.
According to the lecturers, the recent adjustment of Vietnam’s stock market was necessary for long-term development of the country’s financial market.
The seminar “ Vietnam’s capital markets: looking forward,” offered investors market information, including risks and potential, for doing business in the country’s rapidly opening economy.
Speakers focused on topical issues including real estate and the threat of a downturn in the international market.
Ho Chi Minh City People’s Committee representative Nguyen Van Quang said Vietnam’s capital market continued to develop with strong steps, despite difficulties caused by petroleum price increases, natural disasters, and epidemics.
According to Quang, the total value of shares capitalised represented 40 percent of GDP, with 2007 witnessing a rising flow of foreign investment capital exceeding 20 billion USD.
He also spoke about the Government’s efforts to perfect policies for foreign investment, including expanding share issuance and diversifying forms of government and business bonds.
Additionally, the Government will accelerate equitisation, develop securities bourses at different levels to meet the market demands, and open more intermediary institutions and services.
Chairman of the European Chamber of Commerce (EuroCham) Chairman and Co-chairman of the VEUBF, Alain Cany, said Vietnam has political stability and a strong, growing economy.
Cany said the Government supports the development of the capital market and has been making good steps to attract and absorb capital, adding that he believed the country’s capital market would further develop and investors would overcome challenges to seize new opportunities in Vietnam.-Enditem
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