tải bet88HSBC: Vietnam’s stock market has potential for upgrade

If the required reforms are implemented, Vietnam can meet the necessary criteria to be on the review list for upgrade by MSCI Inc. by next May, according to a recent HSBC report entitled “Vietnam: Resilient and powered by locals”.

According to the bank, tải bet88 order to be upgraded to emerging market (EM) status by MSCI and FTSE, Vietnam must meet a number of conditions. The main outstanding issues include foreign ownership limits; a lack of information published tải bet88 English; no local currency market tải bet88 foreign countries and limitations tải bet88 the domestic currency market; account registrations being required; margins when trading; and restrictions on transferring ownership outside of the trading system.

These issues will be considered when Vietnam passes new laws on securities, investment, and enterprises, although progress is slow. The new KRX trading system, provided by South Korean securities exchange operator Korea Exchange, is expected to come into operation at the end of this year and enhance trading and payment efficiency.

HSBC believes that once these issues are resolved, Vietnam will be on MSCI’s review list and will attract additional capital inflows “There is a lot of excitement about Vietnam’s potential inclusion tải bet88 EM indices, but many funds already have Vietnam on their radar,” the HSBC researchers wrote tải bet88 the report.

tải bet88 addition to a potential market upgrade, Vietnam also shows consistency tải bet88 its market growth, resulting tải bet88 approaches by various foreign investment funds. Growing export activities, major foreign capital inflows, low production costs, and a young and qualified workforce will maintain Vietnam’s growth momentum, the report pointed out.

tải bet88 addition, banks and financial services have benefited tải bet88 many ways. Vietnam’s banks used to have problems with bad loans, but thanks to strong growth and profitability, their finances are better than a decade ago. The average bad debt ratio is currently around 1.7 per cent, down from 5 per cent tải bet88 2012.