According to Maybank Kimeng VN Securities Company, during 3 days from May 17-19, 2017, with organization of the Maybank Kim Eng, a group of more than 30 individuals, who are leading senior investors in Thai market and the others in the region, visited Vietnam and worked with the stock exchange market to explore investment opportunities.
In particular, investors visited and worked with the representatives of the Ho Chi Minh City Stock Exchange (HOSE), and large listed companies including Phu Nhuan Jewelry Joint Stock Company (PNJ), Phu My Fertilizer (DPM), Vietnam Dairy Company (Vinamilk), Mobile World (MWG).
Thai investors highly appreciated investment opportunities in Vietnam with leading enterprises.
Photo: Meeting and learning PetroVietnam Fertilizer and Chemicals Corporation (DPM-HoSE)
Speaking right at the end of the visit, Dr. Veraphong Chutipat, Director of Rangsit University"s Creative Investment Program, Thailand, also the head of this delegation, confirmed that "Vietnam is one of the most interesting markets for investment. Although there are many challenges, Vietnam is full of opportunities that no other markets in the region can compare with. "
According to Dr. Veraphong Chutipat, "Vietnam"s stock market is the same as Thailand’s in 20 years ago. However, Vietnam is making great strides with much faster growth speed than Thailand was 20 years ago." That is why he affirmed the great opportunities have come very close and simultaneously he urged Thai investors to soon step into the Vietnamese market to achieve success.
Dr. Veraphong Chutipat also said that Vietnam"s stock market still barriers in foreign capital by the restriction of foreign investors. When they want to invest in a good enterprise, they have to trade through the OTC market instead of dealing directly in the stock exchange market.
In order to attract Thai investors, “Vietnamese businesses, including public and private companies, should cooperate to welcome more Thai people to visit Vietnam. Once they have arrived here, the rest is merely to provide a full range of factual information on the business situations and business environment in Vietnam ... Transparency is necessary to attract foreign investors in general and Thai investors in particular.’ said Dr. Veraphong Chutipat, Ph.D.
On this occasion, Customer Care Service of the Maybank Kim Eng Group introduced the operation of the Vietnamese stock market, method of opening an account and regulations on transaction with the products as well as the services which are specially designed to make the investment of international investors quick, convenient and efficient.
With the fact that Vietnam and Thailand decided to develop their bilateral relationship to a strategic partnership, and the trade between the two countries is expected to reach US $ 20 billion by 2020, Vietnam will surely have more opportunities to welcome indirect capital flows from Thailand in the future.
Maybank Kimeng VN also said that Vietnam has been considered as an attractive investment destination in ASEAN for such a long time. However, it is not easy for international investors, especially individual investors, and small and medium capital funds, to decide whether to invest in a new market. Meeting with the Stock Exchange, and practical visits to enterprises of groups or individual investors interested in the market is the premise for opportunities to call for foreign capitals.