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Home / Economy / Banking & Finance
Vietnam, RoK develop credit partnership
11:20, 2015/12/05
Creditors and entrepreneurs from Vietnam and the Republic of Korea (RoK) gathered at a workshop in Ho Chi Minh City on December 4 to boost economic-financial cooperation.
The event was jointly organised by the Chi Minh City Stock Exchange (HOSE) and the Consulate General of the RoK in the city.
The discussions at the event focused on Vietnam’s policies on drawing foreign investment capital, restructuring and equitising State-run businesses, and transaction mechanisms in the Vietnamese stock market.
Consul General of the RoK Park Noh Wan said the economic ties between the two countries are developing based on three cornerstones: trade, investment, and finance.
He forecast the capital market in Vietnam will see strong development in the coming time and affirmed that Korean businesses will share their experience and support Vietnam in the field.
 
Participants at the workshop
Participants at the workshop
Chairman of the State Securities Commission of Vietnam (SSC) Vu Bang said the workshop is expected to give businesses a multi-dimensional view of the economic situations in the two countries.
Currently, the capitalization of the Vietnamese stock market is about 33 percent of the gross domestic product (GDP) (55 billion USD), while the government bond market is worth around 22 percent of the GDP.
As of the end of November, the VN Index increased by 6.8 percent from the end of 2014 with transaction value averaging 5 trillion VND (220 million USD) per session. The flow of foreign indirect investment capital has started to pick up in recent time.
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