PVFC 67PetroVietnam Insurance PVI 42PG Bank 11Pha Lai Power Co. 1011, attracted over foreign investors. VinaCapitals CEO Don Lam, leading fund manager in Vietnam pledged to make changes to the groups operations based on participants suggestions in order to free up capital to invest in new projects. Cang predicted that, between and the end of the PE Index was calculated at while it was in other Asian countries.
However, to date, ANZ has not mentioned the sale of stocks to the HCM City Stock Exchange and must expose the information in order to avoid losses, Thanh said. Thanh said that the plan by Sacombank to purchase 5 of stocks aims to help stabilize the stock market in the last several weeks were the sales by foreign investors reached US 21 million, while the figure rose to US 48 million in October. However, according to HSBC, foreign investors still hold the listed stocks worth US 3. 1 billion and some US 1. 5 billion worth of unlisted stocks.
According to the insurer, many investment funds in Vietnam, namely VinaCapital, Dragon Capital, Mekong Capital or Indochina Capital, have used their services, but very few securities companies have. A Dau tu chung khoan newspaper reporter has found out that only one securities company has used service provided by the insurer for one year. The director of the securities company said that many other companies do not have insurance policies, and they have not been punished for this.
Meanwhile, the regulations on the structure and operations of securities companies stipulate that if closing down, securities companies have to have professional liability insurance or have fund to compensate investors for damages caused by mistakes of securities companies staffs.
However, the State Securities Commission SSC decided that as of 1, investors money would be under the management of commercial banks instead of securities companies, which, according to SSC, would ensure the safety of investors money. However, to date, only securities companies have taken out professional liability insurance, simply because they dont want to pay for it.
However, to date, ANZ has not mentioned the sale of stocks to the HCM City Stock Exchange HOSE 507Hoa Phat Group 36Hoa Sen Group 3Hoang Mai Cement 4Hoanh Anh Gia Lai Group 15HSBC 52IDICO 10Imexpharm 8Incomfish 10Indochina Capital 39Indovina Bank IVB 3Industry Shares 242Initial Public Offering IPO 400Inlaco 3Insurance Shares 97Interest Rates 142International Finance Corp. It gave no precise date. JP Morgan is advising the bank on its privatisation. The Ho Chi Minh Stock Exchange is the worlds worst performing stock market this year, falling 60 to date after gain of 23 in prompting many companies to postpone share issues.
