VN firms seek investments from London financial market

Vietnamese Ambassador to the UK Tran Ngoc An and representatives from the Ho Chi Minh Stock Exchange and Vietnamese businesses on March 7 attended the opening session of the London Stock Exchange, one of the largest stock markets in the world. 

A conference on financial investment promotion in Vietnamese enterprises was also held in London on March 7. (Source: VNA)

A conference on financial investment promotion in Vietnamese enterprises was also held in London on March 7. (Source: VNA)

This was one of the activities organised in the UK on March 7 and 8 to introduce Vietnam’s capital market and opportunities for financial investments in Vietnamese companies. 

A conference on financial investment promotion in Vietnamese enterprises was also held on March 7, during which the ambassador briefed participants on Vietnam’s economic achievements and potential. 

He stressed that with the determination of the Vietnamese Government, 2018 is expected to be a key year for the equitisation of major domestic enterprises, adding that the number of equitised firms in the year may make up more than half of those privatised during the 2017-2020 period.

To that end, the Government of Vietnam will increase ownership cap of foreign investors, streamline investment procedures and strengthen business administration capacity, An said. 

Therefore, the diplomat noted, this is a convenient time for investors in London to promote their seeking of investment opportunities in Vietnam. 

The participants were introduced to Vietnam’s macro economy and financial investment in the country, as well as the Vietnamese stock market. 

The conference drew investors from big financial groups like JP Morgan, Lazard, Royal Bank of Canada, HSBC and Amundi and representatives from many investment funds in the UK. 

Luke Fizia, a representative of Campbell Munro Investment Management Ltd, said the company is turning towards emerging markets, including Vietnam, which has posted impressive economic growth and boasts a young population, along with substantial potential, especially in the retail sector.

VNS

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