Vietnam Needs to Further Open Finance Market
Vietnam should further open its financial market to boost foreign investment flows, said the members of Hong Kong Trade Development Council (TDC) during their meeting with the Ho Chi Minh City leaders last week.
Anthony Espina, chairman of Hong Kong Securities Brokerage Association, said that in order to boost economic growth Vietnam needs to attract foreign indirect investment through its stock market, beside the foreign direct investment.
Vietnam, therefore, should loosen its restrictions imposed on foreign investors in the local stock market and build transparent financial regulations to boost indirect investment, he added.
During the 4-day visit, TDC and Vietnam Chamber of Commerce and Industry (VCCI) reached an agreement in which two sides will exchange business information. (Youth, Vietstock)
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