Gov’t boosts bourse development

The State Securities Commission held a conference on June 16 to further develop the stock market.

Participants in the event included investment funds’ representatives, most of whom agreed that macro-economic policy played a key role in developing the market.

They cited the recent high interest rates, set in response to banks’ difficulties in mobilizing the Vietnamese dong, as having a significant impact on investors’ activities. They proposed a provisional fund for emergency cases on the stock market.

Dang Thanh Tam, Chairman of Saigon Invest, said: “World stock markets have similar funds to deal with emergencies.” He suggested that listed firms set up provisional funds of their own to better manage financial investment during unfavourable periods.

VOV

>   More stocks hit ceiling prices, VN-Index increases for fourth straight day (17/06/2008)

>   Interest rate increases will result in stock price decreases (17/06/2008)

>   ST8: Insider Trading (17/06/2008)

>   PVD: Approval for additional listing (17/06/2008)

>   VIP: Result of buying back stock (17/06/2008)

>   NSC: Listing and trading the additional shares (17/06/2008)

>   Khatoco supplies 3,000 tonnes of ostrich meat each year (17/06/2008)

>   Main bourse boosts cooperation with Australia’s university (17/06/2008)

>   Brokerages to reduce trading fees (17/06/2008)

>   Investors foresee brighter future (17/06/2008)