AN INTRODUCTION TO THE STRUCTURES
OF VIETNAMESE FINANCIAL AND SECURITIES MARKET
The Comparison With Korean Securities Market
An Essay on Basic Banking and Business Financing
composed by
Pham Kim Anh (U2006010)
Le Thuy Hang (U2006002)
Kookmin Graduate School of Business Administration
Seoul, December 2006
CONTENTS
A. STRUCTURE OF FINANCIAL MARKETS IN VIET NAM
A1. The Monetary Market 2
A2. The Long-Term Capital Market 3
A3. Management Of Financial Institutions In Viet Nam 3
A4. An Outlook Of Financial Structure In Viet Nam 3
The characterization of the Vietnamese financial system
Korea’s financial market
B. INTRODUCTION OF VIETNAMESE SECURITIES MARKET
B1. An Outlook Of Securities Market
1a. The Sate Securities Commission (SSC) 5
1b. The Securities Trading Center (STC) 6
1c. Securities Depository Centers 6
1d. Association of Financial Investors 7
1e. Securities companies 8
B2. The Structure Of Securities Markets
2a. Stock market
Primary market / Issuing market 9
Secondary market
- Ho Chi Minh Stock Market 10
- Hanoi Stock Market 11
- Over the Counter Martket (OTC) 12
2b. Bond market 12
2c. Future Market 13
B3. Vietnam Securities Market Prospect 13
C. CONCLUSIONS 14
A. STRUCTURE OF FINANCIAL MARKETS IN VIET NAM
A1. THE MONETARY MARKET
The functions of the monetary market in Viet Nam are to provide short-term funds for enterprises and for the State Budget; to secure loanable funds for financial institutions; and to serve as the workplace for the State Bank of Viet Nam to exercise options of the monetary policy. The inter-bank domestic currency market set up in 1993, inter-bank foreign exchange market set up in 1994, treasury bill bidding market established...