Connect with us

Business

The stock market will be Vietnam’s long-term capital channel

 


HANOI: After 25 years of development, the Vietnamese stock exchange plays a more important role in attracting capital, supporting the commercial banking system.

The objective is therefore to make the market the main medium and long-term capital channel for the economy.

At the seminar The Stock Market: Freeing up Resources for Business, Profitable Investment Channels and Assets launched by Bao Dau tu (investment newspaper) last week, Nguyen Duc Chi, Deputy Minister of Finance, said that the ministry was working with other ministries to report to the government and the prime minister on the country’s stock exchange development strategy to 2030, with a perspective to 2045.

The fundamental factors for creating the strategy are based on the socio-economic development of the country, the orientations and resolutions of the parties, and the guidelines and policies of the parties. The overall goal is to build and develop the stock market to make it the main medium and long-term capital channel for the economy, Chi said. The 25 years of development show that the stock market plays a more crucial role in attracting capital, supporting the commercial banking system.

In the past, before the establishment of the stock market, the short, medium and long term capital circuits were the responsibility of the banks. Today, the stock market represents a larger part of the capital channel.

The market development perspective should refer to the synchronous and unified development of the financial market, associated with innovation in the growth model and economic structure and in connection with the world market and economy.

In addition, it must be developed on the basis of technology and the demands of digital transformation.

The stock market should be linked to the regional stock market, integrate with the international stock market and apply international good practices and standards to develop the Vietnamese stock market, Chi added. Viet Nam News / ANN

Sources

1/ https://Google.com/

2/ https://www.thestar.com.my/business/business-news/2021/11/22/stock-market-to-be-long-term-capital-channel-of-vietnam

The mention sources can contact us to remove/changing this article

What Are The Main Benefits Of Comparing Car Insurance Quotes Online

LOS ANGELES, CA / ACCESSWIRE / June 24, 2020, / Compare-autoinsurance.Org has launched a new blog post that presents the main benefits of comparing multiple car insurance quotes. For more info and free online quotes, please visit https://compare-autoinsurance.Org/the-advantages-of-comparing-prices-with-car-insurance-quotes-online/ The modern society has numerous technological advantages. One important advantage is the speed at which information is sent and received. With the help of the internet, the shopping habits of many persons have drastically changed. The car insurance industry hasn't remained untouched by these changes. On the internet, drivers can compare insurance prices and find out which sellers have the best offers. View photos The advantages of comparing online car insurance quotes are the following: Online quotes can be obtained from anywhere and at any time. Unlike physical insurance agencies, websites don't have a specific schedule and they are available at any time. Drivers that have busy working schedules, can compare quotes from anywhere and at any time, even at midnight. Multiple choices. Almost all insurance providers, no matter if they are well-known brands or just local insurers, have an online presence. Online quotes will allow policyholders the chance to discover multiple insurance companies and check their prices. Drivers are no longer required to get quotes from just a few known insurance companies. Also, local and regional insurers can provide lower insurance rates for the same services. Accurate insurance estimates. Online quotes can only be accurate if the customers provide accurate and real info about their car models and driving history. Lying about past driving incidents can make the price estimates to be lower, but when dealing with an insurance company lying to them is useless. Usually, insurance companies will do research about a potential customer before granting him coverage. Online quotes can be sorted easily. Although drivers are recommended to not choose a policy just based on its price, drivers can easily sort quotes by insurance price. Using brokerage websites will allow drivers to get quotes from multiple insurers, thus making the comparison faster and easier. For additional info, money-saving tips, and free car insurance quotes, visit https://compare-autoinsurance.Org/ Compare-autoinsurance.Org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc. "Online quotes can easily help drivers obtain better car insurance deals. All they have to do is to complete an online form with accurate and real info, then compare prices", said Russell Rabichev, Marketing Director of Internet Marketing Company. CONTACT: Company Name: Internet Marketing CompanyPerson for contact Name: Gurgu CPhone Number: (818) 359-3898Email: [email protected]: https://compare-autoinsurance.Org/ SOURCE: Compare-autoinsurance.Org View source version on accesswire.Com:https://www.Accesswire.Com/595055/What-Are-The-Main-Benefits-Of-Comparing-Car-Insurance-Quotes-Online View photos

ExBUlletin

to request, modification Contact us at Here or [email protected]