The stock market should increase the "quantity" and "quality" to absorb foreign capital

	Over 146 foreign investors are granted the stock transaction code
	Vietnam's stock market on track to hit $100 billion by end of 2016
	A lot of potential for Vietnam's stock market

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The Seminar was organized by the website named "Companion" towards the 20^th anniversary of the construction and development of Vietnam's stock market.

Small-scale is the factor whichis deterring foreign capital

In the seminar, Mr. Dominic, Chairman of Dragon Capital said, many large fund management companies in the world are willing to invest in Vietnam. Typically, an America company wants to invest US $ 300 million in Vietnam but is struggling. Therefore, the increase in market size is essential.

At the same point of view, Mr. Nguyen Duy Hung, Chairman and CEO of SSI Securities Company recognized the potential of the market and the confidence of foreign investors for the Vietnam market is much bigger and full of opportunities. However, it cannot grow too fast, according to which the greatest value of a company is to build a strong apparatus anda developed manpower. Sharing in the seminar, Chairmanof the State Securities Commission (SSC),Mr. Vu Bangexpressed the confidence that the goal of increasing the stock market capitalization to 70% of GDP which has been proposed by SSC can be achieved. Even in 15 years,stockcapitalization may reach 100% of GDP as other countries in the world.

Improving quality by international standards

Besides increasing the "quantity", Vietnam's stock market also needs to consider raising the "quality".

Mr. Dominic shared, comparing the price, Vietnam is at a lower level than other countries in the region. The listed companies should have responsibility, the investors need to know how to protect themselves and the authorities need more competence which can help foreign investors confidently pour their capital into Vietnam.

Ms. Le Thi Le Hang, CEO of SSI Asset Management Company (SSIAM) also said that foreign investors highly appreciate the investment potential of Vietnam. However, they still remain the concerned about the quality of the enterprises. Therefore, Vietnam needs to boldly change to achieve the international standards which are generally recognized. On accounting standards, CEO of Ernst & Young Viet Nam, Mr. Tran DinhCuong said that Vietnam has a shortfall of about 10 features compared to international standards and there are 8 others which are were adjusted but still remain the same in Viet Nam.

Securities at the end of 2016: More opportunities, less risks

The head of the securities sector in Vietnam, Mr. Vu Bang, also recognized that "quality" is an important factor in the stock market. Foreign investors look at the quality of the market to make an assessments and analysis.

Accordingly, the issue of company management, transparency of information disclosure, accounting standards, auditing, handling of violations, inspections ... is very important. Discussingon thecurrent transparency and standardization of accounting of enterprises, Ms Hang said, till 2020, Vietnam will apply the entire international standardization. So after4 years of waiting, the Government may encourage companies in VN100 to use international standards early to improve transparency.