Saturday, 07/06/2014 15:53 (GMT+7)
(CPV) - Ho Chi Minh Stock Exchange (HOSE) on June 6 hosted a forum on “Improving the liquidity of Vietnam stock market” with the participation of senior officials of the State Securities Commission, leaders of listed companies in the VN100 Index Group, member securities firms, fund management companies, and custodian banks.
According to Dr. Tran Dac Sinh - Chairman of HOSE said that as of the end of May 2014 , market liquidity was improved, with daily average trading volume reached 129 million of securities, corresponding to daily average transaction value of over VND2,206 billion, up 85% in terms of volume and 93% in terms of value compared with the same period in 2013.
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Photo: Le Phuong |
The Forum was a ground for market participants to exchange, discuss and propose solutions on regulations and policies to market regulators for the purpose of accomplishing the market’s operation mechanism, directing towards the sustainable development of Vietnam’s stock market.
Many constructive comments were recorded at the Forum, mainly from market participants with their expectation that HOSE and relevant market regulators would quickly launch new products such as ETF, Covered Warrants to diversify investors’ choices and increase liquidity of the stock market.
At the event, HOSE introduced the integrated IT system for the whole market which was designed in sync and integration of IT infrastructure including operations of trading, surveillance, market information, depository, registration and clearing for the entire stock market in order to optimize the operational costs.
Besides, it was also expected to support market participants to improve management, operation and monitoring capacity towards international practices and standards./.