The Vietnamese government has issued a decree that requires credit agencies to have at least VND30 billion in chartered capital and set up relationship with above 20 financial institutions in order to be licensed by the central bank.
The market capitalization of Vietnamese listed companies will be higher in 2010, which will help increase the scale of the local market, said Managing Director of Dragon Capital Dominic Scriven.
Mr Jack Howell, CEO of Prudential Vietnam, spoke about how it maintains its leading position in such a competitive industry and comments on new developments in the market.
The Vietnamese stock market has entered tug-of-war period amid the presence of both positive and negative markets. The liquidity waned as investors were divided or decided to sit on the sideline to wait for more information from the annual general meetings of listed companies.
The State Securities Commission (SSC), Vietnam s market regulator, plans to assign the Hanoi Stock Exchange (HNX) to restructure the local bond market by reducing bond types to boost liquidity, a senior official said.
The State Bank of Vietnam, the country s central bank, has requested local banks to keep on right track with their registered capital hike plans in 2010 as instructed in the government s Decree No. 141/2006/ND-CP dated 22 Nov 2006.
