French media highlights Vietnam’s stock market

Illustrative photo (Photo: VNA)

 Paris (VNA) – The French dailynewspaper “Les Echos” on December 28 hailed the development of Vietnam’s stockmarket.

The newspaper said the Ho Chi Minh StockExchange’s main index is up 16 percent in 2016. With this continuous growth,Vietnam’s stock market will record five years growing up.

The stock market of Vietnam has grown 97percent since 2012 despite the big shadow of China and it will likely enjoygrowth for five years in a row. 

The newspaper also saw the Vietnam’s stockmarket to grow at 6.5 percent in 2017. 

The stock market of the Southeast Asian countryhas benefited from loosened monetary policy, flexible financial policy andprice competitiveness, along with the increase of foreign investment, accordingto the newspaper.

It is also supported by the Initial PublicOffering (IPO) of many State-owned companies, including those rated highly byexperts and investors, such as Vinamilk, Vinatex and Vietnam Airlines.

However, Les Echos also noted that public debt,budget deficit and dependence on export as well as the uncertainty of the TransPacific Partnership (TPP) Agreement will likely affect Vietnam’s economy andstock market.-VNA

VNA