ĐẠI HỌC QUỐC GIA TP.HCM
TRƯỜNG ĐẠI HỌC KINH TẾ - LUẬT
&
ĐỀ TÀI THUYẾT TRÌNH
MÔN ANH VĂN

TALK ABOUT THE STATE OF TRADING SHARES
ON VIET NAM STOCK EXCHANGE NOWADAYS.
HOW DOES IT INFLUENCE ON THE
ECONOMICS OF VIET NAM?
LỚP KINH TẾ TÀI CHÍNH NGÂN HÀNG K9
NHÓM 6
THÁNG 11 NĂM 2010
STT HỌ LÓT TÊN DI ĐỘNG
1 Trần Viết Quang Khánh
0977.666.000
2 Huỳnh Như Ngọc 0906.031085
3 Trần Thị Phương 0973.415.609
4 Phạm Thanh Phong 0906.39.38.39
5 Nguyễn Thanh Phương 0988.825.260
6 Trần Ngọc Dung
0938.180.085
7 Lê Nhị Khánh Vân
0938181055
8 Lê Thị Như Ngọc 0919.544.833
9 Cù Xuân Tiến
0986.039.739
10 Trần Xuân Tùng
0909227528
11 Trương Thị Kim Yến
0906.640.604

economists forecast CPI will continue to increase in the last months. It is more
accelerating inflation.
- In addition, the rising interest rates is one of to decline in the stock market. The
commercial banks also have increased loan interest rates to around 16% per year. This is
the highest level in years, and higher the interest rate by State Bank offers. The economic
analyst said that the rising interest rates will make difficult for investors to borrow money
from the bank to continue for production and business activities. Economic experts advise
short-term investors should be cautious because the future market is unstable.
4. LIMITATION OF VIET NAM’S STOCK MARKET.
-Knowledge of investment are not high enough, mainly based on the crowd:
Currently people consider stock investment channel is the most profitable and fastest one,
anyone can invest in securities - from office workers, teachers to house-wives who
don’t know the stock market well. Thus people will assess the potential of different
companies or not necessary to evaluate the capacity of the Company which is
psychological and follow no proof saying friends this stock will yield faster than the
others, or listen to brokers those giants focus on these stocks and will buy at any cost
without analysis. Thus making the stock market does not reflect the nature of it is stock
no increased potential for continuity and good stock goes horizontal or downward
direction.
-Monetary policy is not perfect: Currently Vietnam's stock market are young and
depend on many macro factors that monetary policy contributes important roles such as
exchange rate policy, interest rates and credit activities of banks.
-Information is not transparent: Currently the Securities Law may not be fined
heavily on unpublished or unclear published information affecting investors. In fact,
almost all members in the company have a relationship or in the listed company shall sell,
purchase securities. But they do not disclose information for personal gain and then a
penalty but the penalty is lower than the profit they earned. Besides, to raise capital easily
company will create beautiful financial statements or more keep adverse information in
secret that investors have the right to know.
4

and dishonesty. On that basis, the participating organizations the stock market and
5
improving accountability, open of information in order to protect the interests of investors
and is the foundation for developing the securities market healthy and sustainable.
II. How does the security market influence on the economisc of Viet Nam?
1. Positive:
-To help the economics motivate the capital amassmenta nd collection to suit
the request of buiding the substance and technique basis. If a individuality only uses
capital fund by itseft or mobilzes capital by traditionnal method, it can’t be satisfied
about time and handsomness of capital. The companies and organs can receive the
capital through the security market fast and fully.
-The security market help everyone can forecast the cycle of economics
development. It is very sensitive with the economics activities and is measure of the
economics ‘s effect.
-To give the government opportunities to mobilize the financal resources
without inflation. Besides, the security market is a tool of government to execute
the monetary policies. It uses the valid certificates such as stocks, equities, … to
accommodate the market: way of investment, value of currency,…
-To creat the convenient condition to execute the policies for opening and
reforming economics by issuing securities out the international maket.
-The security market is an effective channel to mobilize capital with low cost for
good companies.
2. Negative influence:
-Information is not clear and open. When the investors want to choose the good
stocks to buy, they can’t collect information uncompleted. The companies which issue
stocks offen only pulish good information about their bussiness such as: increase in
profit, achievement of company ‘s bussiness plan,… and keep back the bad
information or provide inexact information. So that the investors can’t have correct
informational basis for their investment decisions.
-The authorities need creat the healthy bussiness environment for investors and