Publication: Overview of the Capital Markets in Vietnam and Directions for Development
Date
2006-05
ISSN
Published
2006-05
Author(s)
World Bank
Abstract
The World Bank undertook a study project
on Vietnam s capital markets and sent a mission to Vietnam
from May 15 to May 27, 2005. This report is the result of
the study project. The objectives of the project were to
review, analyze and evaluate the situation of Vietnam s
securities markets vis-a-vis experiences of other developing
countries, including transition economies; to work with the
officials of the State Security Commission of Vietnam (SSC),
to make specific recommendations for a five-year plan of
Vietnamese capital market development in light of policy
implementation sequence and priorities; to make suggestions
on the draft of the Action Plan for Securities Market
Development for the period of 2006-2010 and comment on the
Prime Minister's Decision No 163 on the Strategy for
the Development of Vietnam's Securities Market up to
year 2010; and to identify desirable capital market-related
projects and programs to be administered by the Bank in line
with Vietnam's overall economic development strategy.
This report is organized as follows: Sections 2 and 3 will
overview Vietnam's macroeconomic situation and the
financial markets in Vietnam. Section 4 will examine SOE
equitization, foreign direct investments, and private sector
development. Section 5 will review the operation of
Vietnam s capital markets in terms of their regulatory
framework and activities. Section 6 will explore two
principal impediments to Vietnam's capital market
development, namely its nascent government securities market
and its inactive primary market. Section 7 will discuss the
policy and institutional problems that have been adversely
affecting the whole financial sector in Vietnam. Finally,
Section 8 will recommend policy actions to be implemented
under the five-year plan of Vietnamese capital market development.
Citation
“World Bank. 2006. Overview of the Capital Markets in Vietnam and Directions for Development. © Washington, DC. http://openknowledge.worldbank.org/entities/publication/bf9a151f-648b-5b70-a88b-dec05706ce13 License: CC BY 3.0 IGO.”