ID :
160388
Fri, 02/11/2011 - 16:43
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Shortlink :
https://oananews.org//node/160388
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Investment funds still pinning hopes on Vietnam's stock market
Hanoi (VNA) – Despite anticipated difficulties due to changes in the macro economy, investment funds are still pinning their hopes on Vietnam’s stock market in 2011.
According to the General Director of MB Capital Investment Fund (MBCapital) Phan Anh, the strong policies and measures taken by State agencies to make the market transparent, improve the legal system, allow the launching of new products and prevent market manipulation have helped increase investors’ trust in Vietnam ’s stock market.
He said he believed that the macro economy in 2011 will be more stable, which will help the stock market to post a higher growth rate, possibly as much as 20 percent, despite challenges from interest rate, the exchange rate and inflation.
General Director of Vietnam Asset Management (VAM) expects his company’s business performance will be greatly improved as Vietnam is still considered an attractive investment destination for foreign investors, thanks to its stronger economic growth and the global economic recovery. Additionally, the prices of stocks on the domestic markets are relatively cheaper than in other regional markets.
The flow of foreign capital is showing signs of recovery, the market is more transparent with higher quality goods and is experiencing an increasing domestic demand. This will enable the market to continue to develop sustainably and turn it into one of the fastest and most impressive recovery’s in the world, said Louis Nguyen, the General Director of Saigon Asset Management (SAM).
Believing that the market will continue with its upward trend, the leaders of investment funds are revealing their future development plans.
A representative from VinaCapital, Andy Ho, said that the fund will invest in shares of large and major companies as well as government bonds.
Dragon Capital, meanwhile, will target listed companies and those waiting to be listed plus equitised State-owned enterprises.
The fund will also focus its investment on consumer goods, food, software and the financial services sector.
SAM will focus on blue-chip shares and small and medium-sized enterprises with potential, while Indochina Capital’s ICL Holdings 1 and 2 are keen on hotels, resorts, golf courses and high end apartment building projects.
According to the General Director of MB Capital Investment Fund (MBCapital) Phan Anh, the strong policies and measures taken by State agencies to make the market transparent, improve the legal system, allow the launching of new products and prevent market manipulation have helped increase investors’ trust in Vietnam ’s stock market.
He said he believed that the macro economy in 2011 will be more stable, which will help the stock market to post a higher growth rate, possibly as much as 20 percent, despite challenges from interest rate, the exchange rate and inflation.
General Director of Vietnam Asset Management (VAM) expects his company’s business performance will be greatly improved as Vietnam is still considered an attractive investment destination for foreign investors, thanks to its stronger economic growth and the global economic recovery. Additionally, the prices of stocks on the domestic markets are relatively cheaper than in other regional markets.
The flow of foreign capital is showing signs of recovery, the market is more transparent with higher quality goods and is experiencing an increasing domestic demand. This will enable the market to continue to develop sustainably and turn it into one of the fastest and most impressive recovery’s in the world, said Louis Nguyen, the General Director of Saigon Asset Management (SAM).
Believing that the market will continue with its upward trend, the leaders of investment funds are revealing their future development plans.
A representative from VinaCapital, Andy Ho, said that the fund will invest in shares of large and major companies as well as government bonds.
Dragon Capital, meanwhile, will target listed companies and those waiting to be listed plus equitised State-owned enterprises.
The fund will also focus its investment on consumer goods, food, software and the financial services sector.
SAM will focus on blue-chip shares and small and medium-sized enterprises with potential, while Indochina Capital’s ICL Holdings 1 and 2 are keen on hotels, resorts, golf courses and high end apartment building projects.
