The workshop “The Impact of State management policy to the performance of the stock market in Vietnam” was held on Dec 26th, at HIDS. It was attended by representatives of Department of Planning and Investment, Ho Chi Minh City Stock Exchange (SE), State Bank (Ho Chi Minh City branch), the securities companies, the banks in the area and researchers, faculties of the universities.
At the workshop, experts have set the standard for establishing a stock market (stock market) performance; terms of resource allocation, organizational operations and effective information. In particular, the role of information is emphasized to be transparent, timely, complete and accurate.
Most reviews agree that the State agencies have worked hard to perfect the policies of management for securities and stock market activity, increased transparency and made the market healthy. The policy recommendations made around attracting foreign investment, more specific rules on the use of unpublished information, extending tax incentives in securities transactions, as well as the release development of derivatives products, ... to minimize risk and ensure the interests of investors.
The experts also said that the stock market has been strongly affected by the macroeconomic policies of the State, the context of the general global economic downturn. The development of the stock market is the result reflects the growth of the economy as well as the business activities of enterprises listed on the market. To develop the stock market, we have to focus on not only fiscal policy, monetary policy, but also to measures to restructure the economy: restructuring production and business activities of the enterprises, especially state-owned enterprises, commercial banks, economic growth paradigm shift in depth, improve the efficiency and competitiveness...