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Seminar discusses ways to boost domestic stock market
The State Securities Commission (SSC) held a seminar on January 22 to discuss measures to stimulate the Vietnamese stock market in the context of the VN-index‘s sharp decline to 808.83 points on January 15.
In 2007, the country mobilized a total capital of more than VND127,000 billion through channels such as auction and bond sales.
Nguyen Son, head of the market development section under the SCC, attributed the decline to a number of reasons, such as commercial banks’ cutting loans invested in securities, flows of capital into the real estate and gold markets, slow disbursement and the recession of the world stock market.
The seminar participants suggested several solutions to these problems, namely maintaining the economic growth rate, curbing inflation, improving the investment climate, increasing the transparency of enterprises, and linking enterprises in the fields of banking, securities and insurance.
VOV
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