Summary:
Regards to domestic market 2010 prospects, many controversies in points of view are recorded from the experts, of which it is more favored to the optimistic side
Vietnam, February 25th, 2010-The Vietnam stocks market has just experienced a Lunar New Year holiday with much news updated. The market performance of the first session after the event is a mixed bag with 510 points, 104 gainers, 61 losers and 48 remained unchanged. VN Index gains 0.6% that has been the good sign to the four continuous sessions. The market is currently rather stable comparing to the previous period despite diversed news flows at the beginning of the year.
In 2009, Vietnam maintains the GDP growth rate of 5.2% which is an impressive outcome compared to that from many other countries. It represents the nation‘s strong inner forces and high adaptability. Many international organizations have optimistic forecast of GDP growth rate such as Standard Chartered Bank, Goldman Sachs, Credit Suisse with the rate of 6.7%, 8.2% and 8.5% respectively. 2010 is expected to reach a higher economic growth rate compared to that of year 2009.
Regards to domestic market 2010 prospects, many controversies in points of view are recorded from the experts, of which it is more favored to the optimistic side. The side expects that the year 2010 will witness changes in the macro policies for a more improved market in Vietnam. The financial products will be diversified, the liquidity is better and the numbers of new listed companies as well as investors inside out Vietnam is greater.
In terms of foreign investment prospects, Vietnam has an advantage from the alternative destination of capital flows when investments at “top-hot†emerging countries become a high risk at the present. Foreign media channels also have assessments with good prospects for Vietnam stocks market in 2010. Some foreign capital giants are on their way of reaching an agreement to invest to Vietnam stocks market. In the early time of 2010, a foreign giant in investment fund has put its first step to Vietnam. Two other funds come up with sizes reaching approximately USD1.6b, which turns on a great signal to a promising prospect to the year of 2010 in term of foreign investment. The minor branches have find their ways into the market in advance while a remarked part of those might be Vietnamese.
For further information of Vietnam stocks market, don‘t hestitate to contact Ms.Jessie Lan Vo via [email protected].
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About VIPC Capital Management Vietnam:
VIPC Capital Management or well-known as VIPC Fund Management is an independent national licensed investment fund built upon teamwork management and trustworthy pass relationships with investors. VIPC offers independent and institutional investors variety range of investment capabilities to match with hundreds of valued contact professionals and investment opportunities in one of the most attractive emerging markets, Vietnam in Real Estate, Securities and Private Equity.
Jessie Lan Vo
Marketing Officer
[email protected]
84(0) 90 675 5825
VIPC Capital Management
8 Nguyen Hue Street, District 1, HCMC, Vietnam
+84(8)38277078-38277079
www.vipc.com.vn