Vietnam to open investment promotion conference in US

The State Securities Commission (SCC) will hold an investment promotion conference themed “My Vietnam - your investment destination” in New York City, the US from July 1- 5.

At the conference, the Ministry of Finance and the SCC will present new policies to help Vietnam ’s securities market reach international expectations.

Decree 60, issued last week, allows foreign investors to raise their stakes in Vietnamese public listed companies.

In addition, the Government issued other policies that reduce transaction terms and allow traders to settle their trading activities within the day.

The conference is expected to help increase American businesses’ and investors’ confidence in Vietnam’s securities market.

Through the conference, Vietnam hopes to develop comprehensive financial cooperation between the two countries.

According to the SSC, 600 US investors have taken stakes in the national securities market – but only mid-cap and small-cap ones.

To draw bigger investors, the Government has tried to upgrade the country’s stock markets to meet international standards and become more modern.

The conference will have two parts. The first will concern securities policies between Vietnamese representatives and American investors and companies, to collect feedback from the US side.

Through the discussion, Vietnam will show its commitment to and appreciation for American businesses and investors.

In the second part, companies will discuss their experience and opportunities operating in Vietnam’s financial market.

Some large local companies, including the State Capital and Investment Company (SCIC), Vietnam National Shipping Lines (Vinalines) and Vietnam National Coal-Mineral Industries Group (Vinacomin), and about 100 US investment funds and companies, will participate in the conference.

Source: VNA

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