Overview of the Capital Markets in Vietnam and Directions for Development
Author(s)
World BankKeywords
LIQUIDITYMINORITY SHAREHOLDERS
MINORITY SHAREHOLDER
AMOUNT OF CAPITAL
PUBLIC DEBT MANAGEMENT
CENTRAL BANK
EQUITY CAPITAL
SECURITIES REGISTRATION
CAPITAL ACCOUNT
INTERNATIONAL FINANCE
DOMESTIC DEBT
MUNICIPAL BONDS
GROSS DOMESTIC PRODUCT
BANK CREDIT
ACCOUNTING STANDARDS
SOVEREIGN BENCHMARKS
TREASURY BILLS
DEPOSITORY SYSTEM
LOCAL CURRENCY
EQUITY ISSUANCE
GOVERNMENT DEBT MARKET
PENSION FUND
HOUSEHOLD BUSINESSES
LLC
DOMESTIC CAPITAL MARKETS
INTERNATIONAL DEVELOPMENT
MICRO-FINANCE
EXTERNAL BORROWING
CURRENT ACCOUNT DEFICIT
DEVELOPING COUNTRIES
CAPITAL FUNDS
TRANSACTION
REGULATORY STRUCTURE
INTERESTS OF INVESTORS
FOREIGN DIRECT INVESTMENT
TRANSITION COUNTRIES
NON-PERFORMING LOANS
BANKING SECTOR REFORM
CAPITAL INVESTMENT
CAPITAL MARKETS
MATURITY
JUDICIAL SYSTEM
JOINT STOCK COMPANIES
RISK CAPITAL
CAPACITY BUILDING
PENSION
FINANCIAL MARKET
NATIONAL SAVING
REGISTRATION SYSTEM
GOVERNMENT INTERVENTION
RESERVE
BOND
HOLDING
EXCHANGE COMMISSION
LIEN
INSURANCE INDUSTRY
CONVERTIBLE BONDS
INITIAL PUBLIC OFFERINGS
PORTFOLIO
STATE BANK
SUPERVISION OF BANKS
INVESTMENT FUNDS
OPERATIONAL INDEPENDENCE
LEGAL FRAMEWORK
HOLDINGS
MARKET PARTICIPANTS
PRIVATE ENFORCEMENT
BANKING SYSTEM
SECURITIES MARKET DEVELOPMENT
CERTIFICATES OF DEPOSIT
CDS
TRANSPARENCY
EQUITY MARKET CAPITALIZATION
FINANCIAL SYSTEMS
DEBT INSTRUMENTS
TURNOVER
TRADE BALANCE
JOINT STOCK COMPANY
BOND MARKETS
DUE DILIGENCE
STRATEGIC INVESTORS
SECONDARY MARKET
FINANCES
BANKING SECTOR REFORMS
ACCOUNTING
LENDERS
BOND ISSUE
MARKETS DEVELOPMENT
INSURANCE PENETRATION
CUSTODY
DEVELOPING GOVERNMENT BOND MARKETS
DEBT MANAGEMENT
INSURANCE
TRADING
CORPORATE BOND
CREDIT GROWTH
MARKET FOR GOVERNMENT SECURITIES
DOMESTIC CAPITAL
IPO
CORPORATE BOND MARKET
CAPITAL RAISING
CASH MANAGEMENT
MONETARY POLICY
TAX COLLECTION
CONTRACTUAL SAVINGS
INSURANCE MARKET
BROKERAGE
LIMITED LIABILITY
EXTERNAL DEBT
EQUITY MARKET
ACTIVE MARKET
FOREIGN DIRECT INVESTMENTS
MARKET ENVIRONMENT
FOREIGN BANKS
PRUDENTIAL SUPERVISION
CREDIT INFORMATION
INDIVIDUAL SECURITIES
CAPITAL MARKET DEVELOPMENT
CREDIT INSTITUTIONS
BANKING SECTOR
LIFE INSURANCE
SOCIAL INSURANCE FUND
SECURITIES LAW
INFORMATION TECHNOLOGY
SECURITIES REGULATION
INSURANCE POLICIES
INITIAL PUBLIC OFFERING
SECURITIES MARKETS
BUDGET DEFICITS
CORPORATE GOVERNANCE
PENSION FUNDS
GOVERNMENT SECURITIES MARKET
BANK LOANS
SECURITIES MARKET
INSURANCE COMPANIES
INVESTING
SETTLEMENT
STOCK MARKET
INFLATIONARY PRESSURES
MATURITY MISMATCH
CORPORATE BONDS
RISK MANAGEMENT
PUBLIC DEBT
STOCK MARKETS
CAPITAL BASE
DEVELOPMENT BANK
CAPITAL MARKET
ARBITRAGE
CONTINGENT LIABILITIES
INCOME TAX
INTERNATIONAL CAPITAL
DEPOSITORY SYSTEMS
CREDIT STANDING
GOVERNMENT DEBT
ELECTRONIC FUNDS
DEVELOPING GOVERNMENT BOND
LOCAL MARKETS
DISBURSEMENT
INTERNATIONAL CAPITAL MARKET
PRIMARY MARKET
STOCK TRADING
MACROECONOMIC DATA
DEBT MANAGEMENT POLICIES
EXPENDITURE
MARKET VALUE
FINANCIAL MARKETS
BROKERS
INTERNATIONAL TRADE
STOCK EXCHANGE
BOND ISSUANCE
TREASURY
SUBORDINATED DEBT
COMMERCIAL BANKS
LOAN
SUB-NATIONAL DEBT
INTERNATIONAL STANDARDS
BANK DEPOSITS
DEBT MARKET DEVELOPMENT
DEBT ISSUANCE
FOREIGN CAPITALS
GOVERNMENT BOND
TREASURY SECURITIES
CAPITAL LOSSES
MINORITY SHAREHOLDER RIGHTS
INVESTOR PROTECTION
MONETARY FUND
FINANCIAL INSTITUTIONS
INFLATION
REGULATORY FRAMEWORK
DEBT ISSUES
FINANCIAL SYSTEM
INSTITUTIONAL INVESTORS
MARKET SURVEILLANCE
LONG-TERM DEBT
DEBT MARKETS
INVESTMENT FUND
LOAN PORTFOLIOS
ECONOMIC DEVELOPMENTS
PAR VALUE
INVESTMENT CORPORATION
FOREIGN INVESTMENT
MARKET CAP
TRANSITION ECONOMIES
RETURN
INFRASTRUCTURE DEVELOPMENT
BUDGET DEFICIT
MARKET INFRASTRUCTURE
ECONOMIC DEVELOPMENT
STOCKS
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Show full item recordOnline Access
http://hdl.handle.net/10986/12966Abstract
The World Bank undertook a study project
 on Vietnam s capital markets and sent a mission to Vietnam
 from May 15 to May 27, 2005. This report is the result of
 the study project. The objectives of the project were to
 review, analyze and evaluate the situation of Vietnam s
 securities markets vis-a-vis experiences of other developing
 countries, including transition economies; to work with the
 officials of the State Security Commission of Vietnam (SSC),
 to make specific recommendations for a five-year plan of
 Vietnamese capital market development in light of policy
 implementation sequence and priorities; to make suggestions
 on the draft of the Action Plan for Securities Market
 Development for the period of 2006-2010 and comment on the
 Prime Minister's Decision No 163 on the Strategy for
 the Development of Vietnam's Securities Market up to
 year 2010; and to identify desirable capital market-related
 projects and programs to be administered by the Bank in line
 with Vietnam's overall economic development strategy.
 This report is organized as follows: Sections 2 and 3 will
 overview Vietnam's macroeconomic situation and the
 financial markets in Vietnam. Section 4 will examine SOE
 equitization, foreign direct investments, and private sector
 development. Section 5 will review the operation of
 Vietnam s capital markets in terms of their regulatory
 framework and activities. Section 6 will explore two
 principal impediments to Vietnam's capital market
 development, namely its nascent government securities market
 and its inactive primary market. Section 7 will discuss the
 policy and institutional problems that have been adversely
 affecting the whole financial sector in Vietnam. Finally,
 Section 8 will recommend policy actions to be implemented
 under the five-year plan of Vietnamese capital market development.Date
2006-05Type
Economic & Sector WorkIdentifier
oai:openknowledge.worldbank.org:10986/12966http://hdl.handle.net/10986/12966
Copyright/License
CC BY 3.0 IGOCollections
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