Vietnam’s stock market raised 127 trillion VND or 6 billion USD in
the first six months of this year, up 3 percent year over year.
According
to the statistics of the State Securities Commission (SSC),
restructuring the stock market together with developing new products,
including derivatives and exchange-traded funds, to improve the market
liquidity continue to be the major tasks during the rest of the year.
The
Commission said it would cooperate with international consultant
organisations on implementing measures to upgrade the level in the
Morgan Stanley Capital International (MSCI) indexes, which is the
world’s leading provider of investment decision support tools.
This,
coupled with the expected regulation of rising foreign stakes at listed
companies, aimed to improve the foreign capital inflow in the stock
market.
SSC would also cooperate with the State Bank of Vietnam
in controlling the capital inflow from banks to the stock market to
ensure securities and limit cross-holdings.
SSC also said that
the foundation of a fund to protect investors in case of bankruptcy
would be put into consideration, together with setting up pension funds
and regulations about credit rating.
In the first half of this
year, exchanges held share auctions for 48 companies, 31 of which were
wholly State-owned enterprises, the Commission reported.
The total equitisation value reached more than 2 trillion VND or 946.5 million USD, a three-fold increase year over year.
Currently,
there are about 662 companies listed on the two national stock
exchanges, after seven more companies were added and 22 delisted from
exchanges in the first six months of this year.-VNA