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HOSE and StoxPlus organise “Vietnam Stock Market: On the Way to Emerging Markets” Conference 2016

Share this on Oct 07, 2016 11:03:16

HOSE and StoxPlus organise “Vietnam Stock Market: On the Way to Emerging Markets” Conference 2016

Vietnam has attracted a lot of attention from foreign investors thanks to its sustainable economic growth in recent years and growth stories of private sector and public companies.


Vietnam has attracted a lot of attention from foreign investors thanks to its sustainable economic growth in recent years and growth stories of private sector and public companies.

Vietnam, however, remains among few frontier markets in the MSCI category, which include Sri Lanka and Bangladesh. This has hindered Vietnam from drawing investment from big guys such as global financial institutions and asset management companies which have strategies to allocate their portfolio in global, regional or emerging markets.

Foreign investors can now have opportunities to increase up to 100 per cent of voting shares in a public company in Vietnam when companies have been in progress to change their foreign ownership limits (FOL) as allowed by current regulations. In addition to the FOL loosening, a number of other actions are now in the progress of implementation by related government agencies toward the promotion of Vietnam Stock Market to Emerging Markets (EM) classification by MSCI.

How are Vietnamese government agencies dealing with the progress? What are main constraints to loosen the FOL in Vietnamese public companies? And when can Vietnam’s stock market expected to be upgraded to EM status?

Addressing these concerns and as part of their cooperation, Ho Chi Minh Stock Exchange (HOSE) and StoxPlus have conducted a comprehensive review on FOL for listed companies under VN100 Index on HOSE.

They have also conducted a survey to obtain opinions and feedbacks from more than 100 representatives of foreign institutional investors including large asset management firms who haven’t got exposure into Vietnam and who are awaiting for the change.

In addition to sharing from MSCI’s representative, Vietnamese government’s representatives and other speakers, HOSE and StoxPlus are also pleased to bring the key findings from their joint review of FOL on HOSE Listed Companies and Foreign Institutional Investor Survey via this conference.

The event receives technical support from the State Securities Commission, IFC, Nikkei Inc., QUICK Corp and Indochine Counsel.

This is the second annual conference organised by StoxPlus and HOSE with support from Nikkei Inc. and QUICK Corp. from Japan. There will be about 250 participants including representatives from investment and financial institutions from Vietnam, Japan, Singapore, Hong Kong, Shanghai, Thailand, Malaysia, US and EU attending this conference.

 

Please find the documents of presentations from this link below :

1. Handout

2. Report on FOL Review and Foreign Investor Survey

 

The event  took place on November 4, 2016 at HOSE’s Exchange Tower, 16 Vo Van Kiet street, District 1, Ho Chi Minh City.

See full article: 

1. http://www.vir.com.vn/hose-and-stoxplus-organise-vietnam-stock-market-on-the-way-to-emerging-markets-conference.html

Source: VIR

2. http://bizlive.vn/chung-khoan/3-nam-nua-chung-khoan-viet-lieu-co-thanh-thi-truong-moi-noi-2160193.html

Source: Biz Live

3. http://enternews.vn/doanh-nghiep-niem-yet-it-quan-tam-toi-noi-room.html

Source: Enternews.vn

4. http://vietnamnews.vn/economy/345709/unclear-rules-keep-foreign-ownership-low-in-vn.html#Kolf4UfTPzQm61vy.97

Source: Vietnamnews

- See more at: http://stoxplus.com/News/Detail/231509?lang=en-US#sthash.kdCx2UgP.dpuf

 

Source: StoxPlus