After seven years’ foundation and challenges, the activities of security market in Vietnam has gained encouraging results. According to authorized agencies, up to now, total capital value of posted up holdings have reached over 300,000 billion dongs, equivalent to 34 percent of GDP in 2006. In average of 1,000 Vietnamese inhabitants, over three persons take part in investing on security market.
The trends of share-holder socialization are prevailing eventfully. In past years, many privated companies only contributed to their capitals in terms of families and now becoming mass companies with their thousands of share-holders as SSI, Sacombank… Some other large companies as Phu My Nitrogen, Bao Viet, PV1, Sudico, PV Drilling, FPT… were State-owned ones in some past years, now becoming the companies which possess thousands of share-holders.
Currently, the security market is present in Hanoi and Ho Chi Minh City and is prevailing to many localities in the whole countries through many agencies as Hai Phong, Quang Ninh, Da Nang, Vung Tau, Can Tho, Nghe An, Thai Binh provinces. Over 200 posted up companies put in to production-trading operations effectively, some joint-stock ones with their market value of over 1 billion dongs, as ACB, Sacombank, FPT, PVDrilling, Pha Lai Thermo-electric power, Vinamilk… However, the activites of security market in Vietnam has met with shortcomings and limitation. In early 2007 to now, VN index has moved from 747.29 marks (Jan 2rd, 2007) to 1,170.67 marks (March 12th, 2007).
According to Mr Nguyen Duy Hung, Chairman of Management Board, General Director of Sai Gon Security Company has shown that there are some persons who make their lives by security investment for trading…Thus, the investors must be careful in purchasing holdings. Recently, some companies postpone to isue holdings but issuing bonds. At the same time, close relationships among partners in different industry, as Sai Gon Joint-stock Commerce Bank has linked with Truong Hai Joint-stock Automobile Company or Petro Vietnam, cooperating with Department of Transaction Security in order to assist 9 members taking part in post up a notice…