Vietnamstockmarket

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Vietnamstockmarket

  1. 1. VIETNAM STOCK MARKET GROUP 2 1, DANG QUANG BIEN 2, NGUYEN MANH TUAN 3, NGUYEN TUAN ANH 4, TRAN HOANG MAI 5, DUONG QUYNH TRANG TUTOR : BUI THAI QUYEN HANOI UNIVERSITY FACULTY OF MANAGEMENT AND TOURISM
  2. 2. Contents OVERVIEW PROBLEMS & SOLUTIONS CONCLUSION
  3. 3. <ul><li>7/1998, Vietnamese government issued resolution No 48/CP of establishing stock market. </li></ul><ul><li>7/2000, Vietnam stock market started operating with the born of HOSTC and upgraded to HOSE in 2007. </li></ul><ul><li>2005, HASTC operated officially and changed to HNX in 2009. </li></ul><ul><li>2006 - 2007, the explosion of Vietnam stock market. </li></ul><ul><li>2008 to now, the adjustment period of Vietnam stock market. </li></ul><ul><li>( Source : http://www.ssc.gov.vn ) </li></ul>OVERVIEW Development periods
  4. 4. OVERVIEW <ul><li>509 companies listed on stock exchanges with total market capitalization of hundreds of thousand billion VNĐ </li></ul><ul><li>Hundreds of security companies, investment organizations and approximately 800,000 investors joining Vietnam stock market. </li></ul><ul><li>( Source : http://wwww.infotv.vn/chung-khoan/tin-tuc/42074-nam-2009-co-hon-800000-tai-khoan-chung-khoan-giao-dich ) </li></ul>Present scale
  5. 5. OVERVIEW <ul><li>Structure </li></ul>Vietnam Stock Market Secondary Market Primary Market Stock Exchange OTC Trading Market HOSE HNX UpCom
  6. 6. PROBLEMS & SOLUTIONS <ul><li>The transparency of information in Vietnam stock market </li></ul><ul><li>Many listing companies publishing information isn’t timely, even still existing the phenomenon of masked information. </li></ul><ul><li> difficult for investors in making investment decisions. </li></ul><ul><li> bad influences to the investors’ belief in the management of the state and future of the stock market. </li></ul><ul><li>In 2009, HNX found and punished 38 companies and 155 major stockholders violating information announcement. </li></ul><ul><li>( source : http://en.infotv.vn/chung-khoan/tin-tuc/40652-17000-truong-hop-cung-mua-cung-ban-mot-ck-trong-phien-tren-hnx ) </li></ul>
  7. 7. PROBLEMS & SOLUTIONS <ul><li>Solutions : </li></ul><ul><li>Propagandize benefits of information transparency for listing companies. </li></ul><ul><li>Strengthen the state management for listing companies in publishing information (add articles into securities law). </li></ul><ul><li>Increase levels of Punishing for cases of violation. </li></ul>
  8. 8. PROBLEMS & SOLUTIONS <ul><li>Labor in Vietnam stock market : lack and weakness </li></ul><ul><li>“ Labor thirst”, especially, professional labor : a big difficulty for many security companies. </li></ul><ul><li>The stock staffs still lack of management skills, professional and experience </li></ul><ul><li>Only 2744 staffs have certificate of stock business. </li></ul><ul><li>( Source : http://wwww.infotv.vn/chung-khoan/tin-tuc/42074-nam-2009-co-hon-800000-tai-khoan-chung-khoan-giao-dich ) </li></ul><ul><li>Security training systems don’t still satisfy the market demand </li></ul><ul><li>Only 1/3 graduate students satisfy the requirement, the rest needs to be retrained. </li></ul><ul><li>( 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 ) </li></ul>
  9. 9. PROBLEMS & SOLUTIONS <ul><li>Solutions : </li></ul><ul><li>Specific strategies & plans to develop stock labor source. </li></ul><ul><li>Expand stock training scale, diversify training channels & method. </li></ul><ul><li>Control and enhance the training quality of centers, universities...(improve facilities, update training programs …) </li></ul><ul><li>Encourage & attract financial experts coming to teach and work in Vietnam. </li></ul>
  10. 10. PROBLEMS & SOLUTIONS <ul><li>Investment according to “mob psychology” </li></ul><ul><li>Most of Vietnamese investors still lack knowledge and experience, plus lack of information  They…. </li></ul><ul><li>Usually invest according to feeling and crowd </li></ul><ul><li>Are influenced easily by hearsays and reports of foreign financial organizations. </li></ul>
  11. 11. PROBLEMS & SOLUTIONS <ul><li>VN Index & Report of Financial Organizations </li></ul>Sources : http://www.fpts.com.vn
  12. 12. PROBLEMS & SOLUTIONS <ul><li>HNX Index & Report of Financial Organizations </li></ul>Sources : http://www.fpts.com.vn
  13. 13. PROBLEMS & SOLUTIONS <ul><li>The effect of Investment following “low-quality crowd” </li></ul><ul><li>Make the development of stock market deviate from its laws. </li></ul><ul><li>Reduce the attractiveness of Vietnam stock market to foreign investors </li></ul>
  14. 14. PROBLEMS & SOLUTIONS <ul><li>Solutions : </li></ul><ul><li>Equip knowledge & experience for investors. </li></ul><ul><li>Enhance the transparency of information in the stock market  Support information for investors. </li></ul><ul><li>Make independent research on Vietnam stock market  orient for investors. </li></ul><ul><li>Encourage investors to join stock investment through professional funds. </li></ul>
  15. 15. Conclusion <ul><li>Compared with many large and long–standing stock markets, Vietnam stock market is still young and problems above that it faces is inevitable. </li></ul><ul><li>However, in long-term, Vietnam stock market is a full-potential place to invest. </li></ul>
  16. 16. Thank You For Listening! HANOI UNIVERSITY FACULTY OF MANAGEMENT AND TOURISM

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