Government seeks incentives on access to Vietnam’s capital market
(VOVWORLD) -Vietnam encourages its stock market’s international financial integration. Deputy Chairman of the State Securities Commission, Pham Hong Son told a Hanoi workshop on Vietnam’s capital market on Wednesday that the government’s current strategy to promote Vietnam’s securities market by 2020 would stimulate foreign investors’ access to local financial market.
 A representative from Ho Chi Minh City Stock Exchange (HOSE) speaks at the workshop (Photo: Vietnambiz) |
Mr. Son said: “We are drafting amendments to the Law on Securities and guiding documents. We will fine-tune incentive policies to encourage foreign investors’ participation in local stock markets. This would increase foreign capital flow into Vietnam to lift up our securities market with higher standards.”
During the workshop, delegates recommended the introduction of new products into the Law on Enterprises and the Law on Securities, including non-voting shares and non-voting depository receipts to diversify investors’ portfolio.