Vietnam Currency markets MA2N0211 Nguyen Hu

VIETNAM

STOCK MARKET

(EVALUATION RIGHTS

– OVERVIEW)

NGUYEN HUYEN TRANG

MA2N0211

PLATFORM

Introduction

and general

review

 Listing rules

Difference and weak spot

Conclusion

CREATION PERIODS

7/1988, Vietnamese federal government issued

image resolution No 48/CP of establishing stock

market.

 7/2000, Vietnam stock market started

operating while using born of HOSTC (Ho Chi Minh

City Investments Trading Center) and enhanced to

HOSE-PIPE ( Ho Chi Minh City Share Exchange) in

2007

 2005, HASTC (Ha Noi Securities Trading Center)

managed officially and changed to HNX( Ha Noi

Stock Exchange) in 06 2009

 2006 – 2007, the explosion of Vietnam Inventory

Market

VIETNAM WALL STREET GAME

STRUCTURE

In Vietnam, the State Securities Commission (" SSC" ) is

the state of hawaii Body which will manages and controls all

operations of the Vietnamese capital markets.

Vietnam

Stock

Marketplace

Secondary

Market

Primary

Market

HOSE

Stock

exchange

OVER THE COUNTER

Trading

Industry

HNX

UPCoM

GENERAL GUIDE

Year

Mcap (billion

VND

Accounts

%GDP

Listed Co.

2001

one particular, 570

8, 780

zero. 34

12

2002

2, 436

13, 607

0. 48

twenty

2003

2, 370

of sixteen, 484

0. 39

22

2004

four, 516

21, 600

0. 63

dua puluh enam

2005

9, 598

29, 065

1 ) 21

41

2006

237, 276

128, 652

twenty two. 7

195

2007

492, 900

312, 139

forty

253

2008

225, 935

531, 428

19. 76

342

2009

920, 551

822, 914

37. 71

457

2010

695, 186

925, 955

42. twenty-five

557

2011

616, 226

1, one eighty eight, 000

thirty-three. 6

705

Index level

Stock market in

October, 2014

Viet Nam

600. 84

US

17390. 52

UK

6363. 46

Euro Location

3113. thirty-one

Japan

15329. 91

RECORD RULES

HOSE PIPE:

The applicant company need to have a minimum book value of 120

billion dollars VND (approximately 5. several million USD) in paid-up charter capital.

The applicant company must have been profitable for the last two consecutive years and there has to not become any accrued losses up to the year of listing.

 HNX:

The applicant company must have a baseline book benefit of 30

billion VND (approximately 1 ) 4 , 000, 000 USD) in paid-up charter capital.

The applicant business must have been profitable intended for the year carrying on the listing application.

LIST RULES

The HOSE and HNX transact only regular shares, provides

and pay for certificates.

 Par value per share:

twelve. 000 VND (0. 47 USD)

 Prior to LO order in matching progress

ATO

Time

At opening

Purchase matching 8h30 – 9h

period

ATC

At closing

twelve – 10h30

Settlement: T+3 if continue matching, T+1,

T+2, T+3 if put through

DIFFERENCES

The difference between Vietnam and international

marketplace is most of detailed companies are SOEs which

offers IPO increased rates will be high, however the rate

widely transferable stocks and shares (free float) are very small ,

accounting pertaining to 10-30%. In the mean time, the majority of

70-80% is placed by Condition capital corporations, or

handling agency of these sector. It has limited to

the depth with the market as well as its impact on fluid.

LACK AND WEAKNESS

 Lack

of professional labors: the stock

staffs still lack of management skills and

experiences, reliability training devices

don't still satisfy the market demand and

only one-half graduate pupils satisfy the

need, the rest must be retrain

 Most

of investors even now lack knowledge and

knowledge, plus lack of information,

generally invest in respect to sense and

group

LACK AND WEAKNESS

Various listing companies publishing

details isn't regular, even still existing

the phenomenon of masked information

 Difficult for traders in making investment

decisions

 Bad influences to the investor' belief in the

management in the state and future of the

stock market

 High/ shaky inflation charge and fragile

economic decreased the elegance of

Vietnam stock market to foreign shareholders

REALIZATION

Compared with many large and long –

standing inventory markets,...

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