Only 10 foreign invested enterprises (FIEs) have entered the bourse over the last decade, a very modest figure compared with the tens of thousands of enterprises now operational in Vietnam.

Encouraging FDI firms to list locally would help supervise their performance as the companies would be managed by not only local authorities but also investors, shareholders, and the local stock exchanges.

The State Securities Commission (SSC) is working with relevant ministries and agencies to issue specific guidance to facilitate foreign direct investment (FDI) firms in listing on the Vietnamese stock market.

The plan to have three to five commercial banks to list shares on overseas stock markets by 2025 is again under discussion.

VietNamNet Bridge - Many commercial banks plan to enter the stock market in 2019 as the Prime Minister has instructed banks to list shares by 2020.

VietNamNet Bridge - Plans to list shares on the bourse are part of many banks’ business strategies for the year, but analysts doubt the plans will be implemented.

The capital volume registered by foreign investors to acquire Vietnam Prosperity Joint Stock Commercial Bank (VPBank)’s shares reached a record $1.2 billion, marking the largest transaction on the stock exchange to date. 

VietNamNet Bridge - The government’s threat to dismiss CEOs of public companies which deliberately delay share listing is expected to contribute to a ‘whirlwind’ of shares offered in the last six months of the year.

VietNamNet Bridge - It’s now better than ever for banks to list shares on the bourse: bank share prices have bounced back after a period of decline.

The wave of commercial banks entering the bourse was triggered earlier this year when 564 million shares of VIB, with charter capital of VND5.644 trillion, was put on UpCom on January 9.

VietNamNet Bridge - Many years have elapsed but the number of banks listing shares on the bourse remains unchanged. 

VietNamNet Bridge - Why are some international finance players listing shares on foreign markets and why are they choosing London?

 VietNamNet Bridge – The 26 unlisted commercial banks have been delaying their plans to list shares on the bourse, though they have been pressured to do this as soon as possible.

 VietNamNet Bridge – In 2014, the government will drastically restructure state-owned enterprises (SOEs) and a series of large SOEs will perform initial public offerings (IPO) and listing.

 The biggest mobile phone retailer in Vietnam, The Gioi Di Dong Joint-Stock Company, will be listed on the HCM City bourse in the second quarter of next year, the general director of the company, Nguyen Duc Tai, said.

The delay in the site clearance work has become so commonly seen in Vietnam. However, things may change a lot after a Japanese contractor asked for additional expenses to compensate the losses it incurred due to the delay in the site clearance.