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STABILIZING AND STRENGTHENING OF vietnam securities MARKET OPERTIONS AGAINST BOOMS and busts

STABILIZING AND STRENGTHENING OF vietnam securities MARKET OPERTIONS AGAINST BOOMS and busts. Duong Ngoc Tuan Senior Managing Director Vietnam Securities Depository. Vietnam securities market in booms and busts. CHALLENGES. OPPORTUNITIES. Improving service quality. Intensive competition.

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STABILIZING AND STRENGTHENING OF vietnam securities MARKET OPERTIONS AGAINST BOOMS and busts

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  1. STABILIZING AND STRENGTHENING OF vietnam securities MARKET OPERTIONS AGAINST BOOMS and busts Duong Ngoc Tuan Senior Managing Director Vietnam Securities Depository

  2. Vietnam securities market in booms and busts CHALLENGES OPPORTUNITIES Improving service quality Intensive competition Expansion of market operations Market unconfidence and instability Enhancing labor resources Lack of comprehensive legal framework Non-transparency in information disclosure Increasing profits Difficulty in securities issuance Greater indirect investments

  3. POSITIVE IMPACTS OF SECURITIES market booms Increasing trading volume Additional establishment of intermediaries Mobilizing capital for economy ACHIEVEMENTS . Larger number of foreign investors Enhancing equitization of state enterprises Diversifying trading products

  4. Negative impacts of securities market booms LEGAL FRAMEWORK • Legal framework does not cover cases • Lack of close supervision and monitoring • Conflict of rules and regulations • Lack of timeliness and comprehensiveness Investment • Inside trading • Stock price manipulation • Fraudulence • Money is not invested appropriately in some cases • Cross-ownership Large participation in the market • Increased number of issuing companies • Difficult to control • Too many intermediaries • Higher competition • A large part of human resource focuses on a risky business • Appropriating investors’ property

  5. impacts of securities market Busts

  6. Regulators’ development solutions • Establishing long-term development strategy for securities market • Co-operating closely among related agencies • Strengthening and improving legal framework • Further monitoring and controlling securities market • Increasing market transparency and integrity • Diversifying trading products

  7. VSD ‘s Policies and Strategies • Researching and introducing new products: SBL, derivatives, CCP… • Empowering IT system • Improving quality of human resource • Corporate governance • Increasing supervision, management and monitoring operations of depository members • Strengthening risk management activities • Co-operating with regulators to handle cases of default, insolvency, etc. • Enhancing infrastructure

  8. Thank You!

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