Vietnam Stocks May Rise 50% in 2010 - BLoomberg 31.12.09

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Vietnam Stocks May Rise 50% in 2010, Thang Long Says (Update2)

By Nguyen Kieu Giang and Van Nguyen


Quất Mạnh Vào's XYZ..........

Prime Minister ’s decision yesterday to shut of all 20 gold trading floors in the country by March 30 will also boost stocks, said Pham Linh, general director at Hanoi- based Vietnam International Securities Co.


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“When investors cannot bet on the gold floors, they will switch to securities,” he said in a phone interview.

The country also plans to boost liquidity in stocks by loosening restrictions on the sale of equities next month, Vu Bang, chairman of the State Securities Commission, said in an interview yesterday in Hanoi.
The regulator will reduce by one day the minimum period in which buyers have to hold onto shares before selling them, the regulator said. Currently, buyers need to wait three days for the purchases to clear before they’re able to sell the shares.

Linh expects Vietnam’s stocks to rise “slightly” in the first quarter before rallying in the following three months.
“Next year will be a good year for stock investments considering the country’s economic growth outlook and global economic recovery next year,” he said.