VietNamNet Bridge – The newly released Circular No 36, which limits commercial banks’ lending to fund securities investments, thereby blocking capital flow into the stock market, could lead to a collapse of the market, some believe. Thoi Bao Kinh Te Vietnam quoted its sources as saying that policymakers have met again to reconsider Circular No 36 just released by the State Bank. The State Bank has never before incurred such pressure after issuing new regulations. The Vietnamese stock market unexpectedly saw sharp declines in the second half of December 2014, when foreign investors sold more than they bought, while securities companies were hesitant in their trading activities. Some analysts blamed the sharp fall on Circular No 36, which they believe has blocked capital flow to the market. An analyst commented that the stock market now does not have the “leverage” to grow, because banks have cut capital to securities investors who want to make investments. He … [Read more...] about Will new regulations stall the stock market?
Trading the stock market
VietNamNet Bridge - Most of them were born into rich families, inheriting huge fortunes from their parents. Many of them hold important positions in businesses, though they are still very young. Born in 1992, Nguyen Tran Thao Nguyen, the daughter of Nguyen Quang Hoa, deputy chair of the Thien Nam Trade Import/Export Company (TNA), has stock assets worth VND137 billion. Holding more than 2 million TNA shares, or 25.49 percent of the charter capital, Thao Nguyen is now the biggest shareholder in Thien Nam. Meanwhile, her parents, Nguyen Quang Hoa and Tran Thi Dan Thanh, hold 1.9 million shares, or 23.91 percent of the company’s charter capital. Born in 1991, Dang Nguyen Quynh Anh, the daughter of Dang Thanh Tam, president and CEO of the Kinh Bac Urban Development Company (KBC) began attracting special attention from the public in March 2015, when she tried to collect 10 million KBC shares. It was estimated that the total amount of money Quynh Anh then had to spend to … [Read more...] about The youngest female dollar multi-millionaires on the stock market
Restructuring The Stock Market By Hong Phuc The stock market is an important part of the economy, so efforts to restructure the latter should consider the former, too At a recent seminar on financial and monetary solutions to Vietnam’s economic issues in the post-crisis period, held by Banking Magazine of the State Bank of Vietnam (SBV) and the Economics Institute of Vietnam in Hanoi, Dr. Nguyen Son, head of the Market Development Committee under the State Securities Commission (SSC), said that foreign capital flows into Vietnam’s stock market have stagnated since late 2008. The downturn was even more evident in the first half of this year. This shows the importance of restructuring the stock market as part of the effort to overhaul the economy. “The economic downturn underscores the need to restructure the entire stock market. This is an uphill task for Vietnam, but it is necessary to create a transparent, level playing field,” Associate Professor Le Hoang Nga … [Read more...] about Restructuring The Stock Market
Measures To Lift The Stock Market By Dr. Nguyen Anh Tuan (*) How to get the local stock market off the ground again as proposed by an expert in the field The weaknesses of the domestic stock market can be explored from the following aspects:• The product profile; • The market profile; and• The supply-demand instability. Product profile Since its birth, the stock market has not seen a remarkable increase in its categories of products. Only the number of commodities has risen instead. By categories of products, we mean stocks, bonds, derivatives, margin trading, repo, stock lending and other accompanying financial services. The main commodities are still stocks and bonds issued by listed companies on the two stock exchanges. The limit in both product categories and commodities has both eroded the stock market’s fascination and forced participants in the market to face a dilemma. Despite their positive business results, listed companies have witnessed the decline of … [Read more...] about Measures To Lift The Stock Market
The Stock Market: A Riddle By Nguyen Quan Transactions on Vietnam’s stock market between July 6-12 In early April, when gasoline price was raised by the Ministry of Finance to VND21,300 per liter, analysts worried that the hike could make a dent in the Government’s effort to harness the rising inflation. Much to their surprise, the VN-Index gained points in several subsequent sessions. Likewise, in the second half of last month, the monetary tightening and credit crunch sent the deposit rate soaring to 18-20% and the lending rate to 24-26%. Production seemed to be stagnant because of capital shortage and rising input costs. However, the stock market saw its indices escalating for several sessions in a row.Even if market transparency and incompletion of market tools are not taken into account—in other words, intransparency has created loopholes for manipulative transactions which sway stock prices—how the stock market goes forward or backward is beyond the reach … [Read more...] about The Stock Market: A Riddle