Articles worth reading
Image : Blue Jackets beat Maple Leafs; Blues beat Red Wings

Blue Jackets beat Maple Leafs; Blues beat Red Wings

person Orange Themes access_time Feb 16,2017

Yahoo News COLUMBUS, Ohio (AP) — Backup Joonas Korpisalo made 31 saves, and Nick Foligno and Boone Jenner had a goal each as the Columbus Blue Jackets beat the Toronto Maple Leafs 5-2 on Wednesday night.

Image : Vietnam attends Vibrant Gujarat Global Summit in India

Vietnam attends Vibrant Gujarat Global Summit in India

person Orange Themes access_time Jan 12,2017

Nhan dan - NDO/VNA—A Vietnamese delegation led by Deputy Minister of Industry and Trade Cao Quoc Hung is attending the eighth Vibrant Gujarat Global Summit in India from January 10-13, which focuses on sustainable socioeconomic development.

Image : The Latest: Trump says he's only quoting Assange

The Latest: Trump says he's only quoting Assange

person Orange Themes access_time Jan 05,2017

Yahoo News WASHINGTON (AP) — The Latest on President-elect Donald Trump (all times EST):

Latest blog articles

When will Vietnam’s stock market be classified as ‘emerging’?

access_time Jun 26,2016 chat_bubble_outline 149 views
The Director of the State Securities Commission’s (SSC) Market Development Department, Nguyen Son, said that Vietnam is struggling to upgrade its stock market from frontier to emerging by the end of the year.

When will Vietnam’s stock market be classified as ‘emerging’?

MSCI on June 15 refused to add Chinese stocks to its MSCI Emerging Markets Index, but accepted to do this with Pakistani stocks, even though the Pakistani stock market is just 1/100 the size of the Chinese market.

KSE100, the Pakistani stock index, immediately soared by 2.78 percent to 38.560 points. The index has increased by 15 percent so far this year, the highest increase among Asian markets, according to CafeF.vn.

Joining MSCI Emerging Markets Index has been a great success of Pakistan. The international press estimates that foreign investors would buy $400 million worth of Pakistani stocks after the market is upgraded.

Vietnamese also hope that the Vietnamese stock market would get the MSCI recognition as an emerging market.
Vietnam is struggling to upgrade its stock market from frontier to emerging by the end of the year.
An analyst said MSCI pays special attention to the liquidity level when assessing markets, while it has for the third time refused to add Chinese stocks to the Emerging Markets Index because of the reason.

The problems in liquidity, the limits in foreign ownership ratios and the slow pace of the state-owned enterprise equitization all are reasons that make the Vietnamese stock market stay in ‘frontier markets’. 

Investors, for example, don’t have many opportunities to buy Vinamilk shares, favorite shares, because the State now holds 45 percent of Vinamilk’s capital, while foreign investors can hold no more than 49 percent of stakes in the dairy production company.

Commenting about Son’s statement that Vietnam is making every effort to see its stock market upgraded into emerging by the end of the year, the analyst said the goal may be unreachable for Vietnam.

Regarding market scale, the value of the Vietnamese stock market is $69 billion (for all the Hanoi and HCMC Stock Exchanges and UpCom). Meanwhile, the figure is $80 billion for Pakistan. The GDP per capita in Pakistan is $1,275, while Vietnam’s is 50 percent higher.

Dau Tu Chung Khoan quoted its sources as reporting that there are two existing problems to foreign investors’ market access.

First, the implementation of Decree 60 that allows foreign investors to hold up to 100 percent of stakes in Vietnamese enterprises is meeting some difficulties.

Second, under current regulations, the information exposure in English is not mandatory for enterprises, thus making it difficult for foreign investors to get information about enterprises.

Andy Ho from VinaCapital said if Vietnam’s stock market gets a boost, the foreign capital to Vietnam may increase by 15-20 percent.
related news
  • Vietnamese firms called to list shares on RoK stock market

  • Mixed forecast for stock market in 2016

  • Vietnamese startups not ready to enter bourse


CV Read on the original site
Hunting scorpions in Vietnam

Hunting scorpions in Vietnam By Phuoc Tuan  January 9, 2017 | 02:15 pm GMT+7 How to catch the scorpion before he catches you. [/i] Follow us on Facebook [/i] Follow us on Twitter Tags: Vietnam street food chat_bubble_outline Read More...

Sun Group launches luxury apartment project in Hanoi

The sales office will be open at Melia Hotel, 44b Ly Thuong Kiet Street on December 11, 2016. Located at 3 Luong Yen-Nguyen Khoai Street, a highly convenient and desirable location in the capital city, Sun Grand City Ancora Residence is an urban complex by the Red River. The name Ancora, which means “a safe harbor” in Italian, represents the project’s beautiful design philosophy. The Sun Grand City Ancora Residence is just a six-minute walk from the iconic Hanoi Opera House and near major… chat_bubble_outline Read More...

Many Vietnamese plastics firms change hands, silently

Many Vietnamese plastics firms have fallen into foreign hands, while others are in a state of anxious suspense because they may be swallowed up one day.  In early March 2017, nearly 15 million shares of Tan Tien plastic packaging Company were put back into transaction on UpCom after the voluntary delisting on the HCMC Stock Exchange in October 2015.  A big shareholder, Dongwon Systems Corporations from South Korea, holds 93 percent of Tan Tien’s shares. Before being fully acquired, Le Minh… chat_bubble_outline Read More...

Experience spectacular road stretches in Ha Giang

The northern mountainous province of Ha Giang attracts tourists to its cool climate and pristine natural landscape. Tham Ma in early morning  A dangerous part of the road to Quan Ba A love story  The road to Xin Cai Mountainous communes Sunrise Late afternoon sunlight  VOV chat_bubble_outline Read More...

Belgrade is dirt cheap and emerging as a chic party spot

Travel - Yahoo News chat_bubble_outline Read More...

folder_open Assigned tags

Comments

Loading...

Trends in Singapore

Trends in Indonesia

Trends in Philippin