Brian SpenceViet Nam News Brian Spence* Congratulations! You’re ready to start investing. It might seem like a small step, but years from now you’ll look back and realise how meaningful this moment was to your financial future. This could be the defining decision that helped you achieve your financial dreams. However, dipping your toe into the waters of investing can seem a little daunting at first. Questions of which stocks to buy, how to manage risk and when to sell are likely to be at the front of your mind. But help is at hand. Here, I’ll walk you through the main decision-making processes. When and how do I buy my first stocks? Over the long term, stocks outperform any other asset class, so deciding to invest in the markets is undoubtedly a good decision. But don’t run out and buy stocks straight away – no matter what “hot tip” has come your way. Before selecting your first investment, you must complete the following financial steps. … [Read more...] about How to pop your cherry in Việt Nam’s stock market
Small investments in stock market
Many former workers and traders in An Giang Province see their way to a prosperous future in the local stock market. Number of investors in An Giang on the rise Statistics from local securities companies shows that during the recent market rebound, which occurred in February and early March, many individual investors in Long Xuyen City have come to open new accounts. One of the investors, Nguyen Van Be said that, as banks' deposit interest gets lower and fish farming proving unstable due to the bad debts of traders, he and many other farmers are turning to investments in stock while prices are low. He revealed that after investing his entire savings of VND5 billion (USD238,000), earned after dozens of years trading in fertilizers and insecticides, he has earned a 20% profit. Now his work schedule is very different than it was before. Every morning he goes to check his holdings and spends his afternoons at economic seminars in order to educate himself on how to invest wisely. Another … [Read more...] about Many see bright future for stock market in An Giang
A better legal framework and a stronger privatization drive of state-owned enterprises are key measures for Vietnam's securities market to keep attracting foreign investors this year, a senior official has said. Speaking to news website VnEconomy on Tuesday, Vu Bang, chief of the State Securities Commission of Vietnam, said attracting investment into securities market is priority of the government. But it will face difficulties this year as China's economic slowdown and oil shock may affect investor sentiment, he said. Bang said his commission has been working with the Ministry of Planning and Investment to make it easier for foreign investors to buy stocks. Decree No.60, which took effect on September 1 last year, allows foreign investors to buy up to 100 percent of many listed companies but has never been applied. Both authorities and businesses have difficulties deciding whether or not some listed firms fall into restricted categories in which foreign ownership is still capped … [Read more...] about Vietnam wants more foreign investors for stock market after bullish year Business
Vietnam recently launched an ambitious plan to transform the country from an offshore manufacturing hub for foreign companies into a major player in the global digital economy. In doing so, the government has adjusted business policies to pivot around small and medium-sized companies and encouraged the start-up boom. There is no question that one of the challenges facing start-ups is to find the capital they need to get their ideas off the ground. There have been mixed opinions about whether or not the Vietnamese government should turn itself into a venture capitalist to support early-stage start-ups. Some experts don’t think that putting the government in charge of deciding which business ideas get funding and which don’t is a good idea. The Becamex Technology Innovation Center (TIC) in Binh Duong Province, just north of the country’s commercial hub Ho Chi Minh City, was launched in 2012. The center was expected to become a startup incubation center for 2025 … [Read more...] about Should the Vietnamese government invest in start-ups?
Stock exchange to enjoy growth in 2012: Minister Foreign investors currently own as much as US$6 billion in Vietnam’s stock market (77 percent in 20 largest stocks by market capitalization). According to the Vietnam Securities Depository (VSD), the number of new investors granted with transaction codes in January increased by 0.13 percent. The foreign sector tends to move from small retail transactions to bigger ones and increase their investment in large profit-making businesses with a reputation for transparent management, says VSD. Many foreign investment funds in Vietnam will hold shareholders’ meetings in 2012 and 2013 to decide if they will continue to invest in Vietnam or withdraw their capital from the market. Economists believe that there will be just a few foreign investors who want to withdraw their capital from the market. Most of them wish for a change in their way of investment. Louis Nguyen, CEO of the Saigon Asset Management, underlines the reason why … [Read more...] about Stock market: Potential for attracting foreign indirect investment