VN eyes emerging market status
VN eyes emerging market status
HCM Stock Exchange (HOSE) will join financial information provider StoxPlus to organise the 2nd Vietnam Annual International Investor Conference on November 4 in HCM City.
The conference's theme is "Viet Nam Stock Market on the way to Emerging Markets," and it will review the how to upgrade the local securities market from a frontier market to an emerging market.
Tran Anh Dao, HOSE deputy general director, said foreign investors would be provided with information about the activities that the Government and its related bodies, including the State Securities Commission and HOSE, had implemented to speed up this promotion process.
"The Vietnamese Government is endeavoring to promote and upgrade our stock market classification as part of efforts to attract foreign capital into Viet Nam," Dao said.
The conference also will evaluate the attractiveness of Viet Nam's stock market and provide insightful information and analysis for foreign investors.
Foreign investors now have opportunities to increase their holdings in public companies to 100 per cent of voting shares, as stipulated under Decree 60 and Circular 123. However, the implementation process has seen various issues, including legal and trade barriers and issues concerning technical and implementation procedures.
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 Viet 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.
