U.S Ambassador Pledges to Boost Vietnam's Stock Market Development
Newly-appointed U.S. Ambassador to Vietnam, Michael W. Michalak has made commitment to boost the development of Vietnam’s stock market and help lure more US investors, State Securities Commission said.
Michalak made the remark during his meeting with chairman of SSC, Vu Bang on September 6.
Bang, in turn, highlighted the achievements made by Vietnam over the past time and pledged to boost transparency and adopt measures to boost the market development to attract local and overseas investors in the medium and long-term.
SSC chairman also highly appreciated valuable helps from the US in building the legal framework for the market and human resource training in the field.
US investors are seeking to invest in Vietnam’s real estate, Tran Phi Hung, vice CEO of Unlimited Financial Network in Texas.
So far, two US-invested projects including the cocoa-tree growing project valued at US$27 million are being implemented in southern Vietnam, he said.
Vietnam’s stock market, established in 2000 year, remains fledging with 116 stocks with market capitalization of VND221.2 trillion (US$13.8 billion) as Aug 20 of this year. (VSE,
www.vietstock.com)
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