The potentials of Vietnam’s capital and financial markets remain large, according to assessments by foreign investors at a seminar on Vietnam’s capital and financial markets.

The seminar, which was held on January 23-24 in Hanoi by the Ministry of Finance and EuroEvent, drew some 500 governmental officials, domestic and international investors in finance and banking.

Foreign investors said that the scale of the capital debt market of Vietnam is relatively small, making up only 10 percent of its GDP in contrast to 80 percent of the GDP of a developed country.

Vietnam’s securities market has grown rapidly in the past 2 years with a number of capital mobilisation channels; yet the bond market is still modest as both government and corporate bonds are small in scale.

International investors at the seminar said they hoped that more Vietnamese businesses would issue bonds on international markets as the equitisation process is stepped up.

Vietnam should also further upgrade infrastructure for future transactions, providing favourable conditions for the market to effectively operate, according to investors.

Source: NLD

Translated by Thu Nguyen