Overview of the workshop "Investment opportunities in the new context" - Photo: VGP/HT
This is the content discussed by delegates at the workshop "Investment opportunities in the new context" organized by Investor Magazine on March 19 in Hanoi.
Private enterprises are the driving force but need to be 'renewed'
2025 is an important milestone as Vietnam enters a period of strong economic transformation. The Government has adopted many important policies to promote the private sector, creating favorable conditions for business development.
Prof. Dr. Nguyen Mai - Chairman of the Association of Foreign Investment Enterprises (VAFIE) said: Party and State leaders have assessed that the private economic sector is becoming the main driving force for Vietnam's economic growth. The Government has implemented many tasks such as: Basically completing the issuance of documents guiding the implementation of the Land Law and many mechanisms to facilitate enterprises.
Prof. Dr. Nguyen Mai - Chairman of the Association of Foreign Investment Enterprises (VAFIE) - Photo: VGP/HT
Professor, Dr. Nguyen Mai said: Enterprises need to have a perspective and awareness of the transition to digital economy, digital enterprise, green production and business as important solutions in the new context. Because if they do not change their growth model, they cannot ensure the creation of advantages to exploit potential according to the new trend of using science and technology and human resources to create high productivity and quality.
Meanwhile, from a management perspective, Ms. Pham Thi Thuy Linh - Head of the Securities Market Development Department, State Securities Commission (SSC) said that the development of private enterprises also goes hand in hand with improving the quality of the financial market, including reforming policies to help enterprises easily mobilize capital through the stock market.
Ms. Pham Thi Thuy Linh - Head of Securities Market Development Department, State Securities Commission (SSC) - Photo: VGP/HT
The steady increase in the number of new investor accounts entering the market is a positive sign that the Vietnamese stock market continues to maintain its attractiveness and also shows opportunities for the Vietnamese stock market in 2025.
However, experts also warn that businesses need to be flexible in adapting to the rapidly changing international business environment. Factors such as trade conflicts, new tax policies from major economies and protectionist trends are creating significant risks that businesses cannot ignore.
Opportunities for financial market development
Ms. Pham Thi Thuy Linh, Head of the Securities Market Development Department - State Securities Commission, shared: the prospect of upgrading Vietnam's stock market to the emerging market group will help attract capital flows from foreign investment funds. This will not only create conditions for listed companies to mobilize capital but also help increase the transparency of the financial market.
The representative of the State Securities Commission said: This agency is clarifying regulations on foreign ownership ratios in business lines and requesting all enterprises that are public companies to announce the maximum foreign ownership ratio, disclose information in two languages so that domestic and foreign investors have full information about the enterprise, be proactive in investment activities; continue to reform and minimize administrative procedures.
In addition, the SSC will closely coordinate with the State Bank of Vietnam to simplify the procedures and processes for opening indirect investment accounts for foreign investors in Vietnam. The SSC will also continue to research and develop new products on the Vietnamese stock market to increase investment options and opportunities for investors...
"We will focus on restructuring the investor base, focusing on developing fund institutions, gradually increasing the scale and financial potential of fund management companies to encourage the participation of foreign investors and institutional investors in the Vietnamese stock market; training investors to continue raising awareness of safe investment, encouraging investors to focus on long-term investment; supporting transparent corporate governance, full disclosure of information to contribute to the development of a stable and sustainable market; supporting listed companies and securities companies to avoid risks...", said a representative of the State Securities Commission.
Sharing about the stock market outlook, Dr. Le Duc Khanh - Director of Analysis of VPS Securities JSC, said that the number of new investors is continuously increasing, creating great momentum for the market. Mr. Khanh predicted: VN-Index could reach 1,400 points in 2025 if domestic and foreign capital flows continue to maintain stability.
Talking to investors, Dr. Can Van Luc - Chief Economist of BIDV, Member of the National Financial and Monetary Policy Advisory Council warned: Although the stock market has a positive outlook, investors still need to be cautious with risks such as interest rate fluctuations, monetary management policies of major countries and the trend of tightening domestic credit. Dr. Can Van Luc recommended that investors should diversify their investment portfolios, limit crowd psychology and closely monitor macroeconomic indicators to make accurate decisions.
It is necessary to make good use of support policies on taxes, fees, interest rates, etc.; reduce costs, streamline processes and apparatus; grasp major trends: dual green transformation and digitalization; build and consistently implement digital transformation, green transformation and ESG strategies; diversify: markets, partners, supply chains, products - services, feasible capital sources for green transformation, circular business, participate in the carbon credit market; improve competitiveness (human resources, technology, governance), including risk management, especially financial, exchange rate, legal risks; origin of goods, greening requirements, trade defense, etc.
Dr. Can Van Luc - Chief Economist of BIDV, Member of the National Monetary and Financial Policy Advisory Council - Photo: VGP/HT
"We also need to take advantage of opportunities from new-generation FTAs and from upgrading Vietnam's relations with the US, Japan, Australia, Malaysia, Singapore, etc. Investors need to clearly understand their risk appetite, diversify, limit crowd psychology, increase understanding (of the macro, external and internal situations, etc.), and use specialized intermediary services," said Dr. Can Van Luc.
Mr. Doan Huu Hau - Director of Digital Transformation and AI Application Services at FPT Digital emphasized: Digital transformation is no longer an option but a mandatory condition for businesses to survive and develop. He said that after the COVID-19 pandemic, consumer behavior has changed significantly, forcing businesses to adapt faster to technology.
Emphasizing the remarkable trend of digital finance development, Mr. Tran Anh Thang - Member of the Board of Directors of Eximbank Joint Stock Commercial Bank said that banks are investing heavily in digital transformation and AI to optimize operations. Digital finance will be one of the fields attracting large capital flows in the coming time, especially when the legal corridor for digital currency is gradually completed.
Dr. Nguyen Son - an economic expert said: The development of blockchain technology, AI and big data is creating great opportunities for the financial market and other economic sectors. Dr. Nguyen Son recommends that businesses should invest in technology to optimize costs, improve productivity and increase competitive advantage.
Mr. Pham Xuan Dung - Director of Data Science, Advanced Analytics and Innovation at Techcom Securities Joint Stock Company (TCBS), said that Vietnam needs to build a clearer legal framework for business models based on blockchain and digital finance. TCBS representative commented that, if implemented properly, this will be a field with great growth potential in the future.
However, Mr. Ly Anh Tuan - CEO of Investing Pro recommends: Enterprises need to train appropriate human resources and have a long-term strategy to maximize the potential of digital transformation.
"The digital transformation process is not only about investing in technology but also requires changes in management thinking and market approach," Mr. Ly Anh Tuan emphasized.
Experts say that although the Vietnamese economy is facing many opportunities from digital transformation, financial market development and the rise of the private sector, there are still many challenges that need to be addressed. Investors and businesses need to have a clear strategy, make good use of support policies from the Government, and quickly adapt to market changes. Those who are willing to innovate and apply technology will be the leaders in the new economic era.
Mr. Minh
Source: https://baochinhphu.vn/nha-dau-tu-can-thich-nghi-de-nam-bat-co-hoi-trong-boi-canh-moi-102250319161550987.htm
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