Post on 19-Jan-2015
description
LOGO
LOGO
VIETNAM STOCK MARKET
GROUP 2 1, DANG QUANG BIEN2, NGUYEN MANH TUAN 3, NGUYEN TUAN ANH4, TRAN HOANG MAI5, DUONG QUYNH TRANG
TUTOR : BUI THAI QUYEN
HANOI UNIVERSITYFACULTY OF MANAGEMENT AND TOURISM
Contents
OVERVIEW
PROBLEMS & SOLUTIONS
CONCLUSION
7/1998, Vietnamese government issued resolution No 48/CP of establishing stock market.
7/2000, Vietnam stock market started operating with the born of HOSTC and upgraded to HOSE in 2007.
2005, HASTC operated officially and changed to HNX in 2009.
2006 - 2007, the explosion of Vietnam stock market.
2008 to now, the adjustment period of Vietnam stock market.
( Source : http://www.ssc.gov.vn )
OVERVIEW
Development periods
OVERVIEW
509 companies listed on stock exchanges with total market capitalization of hundreds of thousand billion VNĐ
Hundreds of security companies, investment organizations and approximately 800,000 investors joining Vietnam stock market.
( Source : http://wwww.infotv.vn/chung-khoan/tin-tuc/42074-nam-2009-co-hon-800000-tai-khoan-chung-khoan-giao-dich
)
Present scale
OVERVIEW
Structure
Vietnam Stock
Market
Secondary Market
Primary Market
Stock Exchange
OTC Trading Market
HOSE
HNX UpCom
PROBLEMS & SOLUTIONS
The transparency of information in Vietnam stock market
Many listing companies publishing information isn’t timely, even still existing the phenomenon of masked information.
difficult for investors in making investment decisions.
bad influences to the investors’ belief in the management of the state and future of the stock market.
In 2009, HNX found and punished 38 companies and 155 major stockholders violating information announcement.
( source : http://en.infotv.vn/chung-khoan/tin-tuc/40652-17000-truong-hop-cung-mua-cung-ban-mot-ck-trong-phien-tren-hnx )
PROBLEMS & SOLUTIONS
Solutions : Propagandize benefits of information transparency
for listing companies. Strengthen the state management for listing
companies in publishing information (add articles into securities law).
Increase levels of Punishing for cases of violation.
PROBLEMS & SOLUTIONS
Labor in Vietnam stock market : lack and weakness “Labor thirst”, especially, professional labor : a big difficulty
for many security companies. The stock staffs still lack of management skills, professional
and experience Only 2744 staffs have certificate of stock business. ( Source : http://wwww.infotv.vn/chung-khoan/tin-tuc/42074-nam-2009-co-hon-800000-tai-
khoan-chung-khoan-giao-dich )
Security training systems don’t still satisfy the market demand Only 1/3 graduate students satisfy the requirement, the rest
needs to be retrained. ( source : http://www.vinasme.com.vn/nd5/detail/tin-kinh-te-tong-hop/tai-chinh-chung-
khoan/nhan-luc-chung-khoan-trong-con-thu-lua/1354.003016.html )
PROBLEMS & SOLUTIONS
Solutions : Specific strategies & plans to develop stock labor
source. Expand stock training scale, diversify training
channels & method. Control and enhance the training quality of centers,
universities...(improve facilities, update training programs …)
Encourage & attract financial experts coming to teach and work in Vietnam.
PROBLEMS & SOLUTIONS
Investment according to “mob psychology”
Most of Vietnamese investors still lack knowledge and experience, plus lack of information They….
Usually invest according to feeling and crowd
Are influenced easily by hearsays and reports of foreign financial organizations.
PROBLEMS & SOLUTIONS
VN Index & Report of Financial Organizations
Sources : http://www.fpts.com.vn
PROBLEMS & SOLUTIONS
HNX Index & Report of Financial Organizations
Sources : http://www.fpts.com.vn
PROBLEMS & SOLUTIONS
The effect of Investment following “low-quality crowd”
Make the development of stock market deviate from its laws.
Reduce the attractiveness of Vietnam stock market to foreign investors
PROBLEMS & SOLUTIONS
Solutions : Equip knowledge & experience for investors. Enhance the transparency of information in the
stock market Support information for investors.
Make independent research on Vietnam stock market orient for investors.
Encourage investors to join stock investment through professional funds.
Conclusion
Compared with many large and long–standing stock markets, Vietnam stock market is still young and problems above that it faces is inevitable.
However, in long-term, Vietnam stock market is a full-potential place to invest.
LOGO
LOGO
HANOI UNIVERSITYFACULTY OF MANAGEMENT AND TOURISM