One of the last frontier markets to emerge in Asia, we see Vietnam as a ten-year buy.
- Merrill Lynch strategy report, February 2006
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:: Vietnam Stock Markets ::
HOSE - Ho Chi Minh Stock Exchange
HASTC - Hanoi Stock Trading Center
:: Vietnam Stock Brokers ::
Ho Chi Minh City Securities - HSC
:: Vietnam Funds ::
:: Vietnam Stock News ::
http://english.vietnamnet.vn/biz/2009/05/849981/
"Whether or not capital from the interest rate subsidy programme is flowing into the stock market has been a hot topic in recent meetings among banks, the Securities Commission, investors, enterprises and economists.
In fact, economists have a legitimate reason to believe that capital from the programme is being used for securities investments, rather than for the expansion of production and business.
Right after the subsidisation programme was initiated through commercial banks, the stock market began warming up.
However, to date, government agencies still do not have enough proof to conclude that preferential loans are being used for securities investments."
If it's true, in and out of the market has to be very fast. The subsidy programme is only temporary. Those who made money need to thank SBV.
Liquidity Baloon
Its a pretty simple equation really.
You blow air in a balloon and POOF it gets bigger.
You squeeze one end and the other end INFLATES.
If you pump enough money in, sooner or later the markets go up.
You can print money, loosen credit, whatever, but liquidity IN makes market go UP.
Vietnamese can take their loan subsidies and play the markets for a quick score. (But better be quick!)
Just like Goldman can take its TARP funds and government backstops and guarantees and get filthy rich on the backs of the US taxpayers.
When the government is handing out cash who is to say NO?
Vietnamese are natural born speculators. Its in their blood.
Handing out money here is like giving heroin to an addict. What the HELL do you THINK they will do with it? DOH!