Macroeconomics presentation topics: Bond market in Vietnam

... financial intermediaries playing roles of market makerPROBLEMS OF BOND MARKET IN VIETNAM (3)7. OTC market for bond issuing & trading not yet established 8. Bond trading in secondary market ... been included in VAS: IAS 32 and IAS 39 - Not clear guidelines in respect of enforcement and monitoring BOND MARKET IN VIET NAMCorporate Bond market Issuers: - Mainly big SOEs ( i.e: Vinashin, ... developed Investors have tendency to “BUY” and “ HOLD ”: - Banks: Largest investors and dominant in 5 - year- bond - Insurance Companies: investors in longer -term bondsSecondary trading are...

... seen in Figures 1 and 4, bond trading on theExchange declined again. As was e xplained to us by a bond broker who op e rated in that market 18Unlike the other segments of the bond market, trading ... the bond trading process on the exchange. Meeker (1922) explains that in the bond corner” trading in foreign bonds and Liberty Bonds was conducted in the two smaller booths, whilethe other bonds ... public demand for investing in stocks, and the commission rates described in SectionII, stock trading was more profitable for brokers than bond trading. While the increase in stocktrading activity...

... for lasting for a long time•The policy is not effective enough to control the market in Vietnam •Participants who have too little or even no knowledge about stock market 1. Stock market ... stock? •Stock market: a financial market- > savers can directly provide fund for borrowers•Sale of stock: equity finance•Owner of stock: a part of owner of the corporation•Gain from stock: ... tendency:-Private saving increase -Send money to the bank more-> Corporate need to borrow from the banks-> pay interest-> lower profit-> stock price decrease-Invest in foreign stocks->...

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... languages in the global market? Undoubtedly, English has been enjoying the lion share in the world market in general and in the international labor market in particular, but many, including the ... not only confined to the Ministry of Labour or Ministry of Education and Training, it is also concerned with human resource planning in the Ministry of Planning or Ministry of Finance. It concerns ... recommendations concerning foreign language policies in a larger context of manpower planning. Foreign languages in the international market In the international market, language skills, and intercultural...

... Empirical investigation of stock price volatility in Vietnam stock market Huynh Thi Bich Thao 22 diversified in their operations, so financial institutions and investors are also less interested in ... is colleted from the trading timeline on HOSE. In addition, we also group firms in our data into different industries. There are 6 industries in our dataset including basic materials, consumer ... MINISTRY OF EDUCATION AND TRAINING UNIVERSITY OF ECONOMICS HOCHIMINH CITY oOo HUỲNH THỊ BÍCH THẢO EMPIRICAL INVESTIGATION OF MARKET VALUE CHANGE IN VIETNAM STOCK MARKET ...

... not a good proxy for information arrival in the stock market due to the persistence of volatility remained in most of the cases. This finding was similar to other emerging markets which less ... Besides, in terms of spill – over effect, I find some interesting results about the link between two 36 management and supervising system on the public information disclosures to get a fair markets ... sample in terms of industry or trading activity of all listed firms on the market. The issue remains for other companies. Concerning about spill-over effect, the relationship between Vietnam s market...

... self-financing portfolio. Informally,such a possibility arises whenever there are as many risky assets availablefor hedging as there are independent sources of randomness in the market. In bond markets ... s)ds. (9)Writing (3) in integrated form, we obtainf(t, s)=f(0,s)+t0α(u, s)du+t0σ(u, s)dWu+t0Eδ(u, x, s)µ(du, dx).Inserting this expression into (9), splitting the integrals ... pricing using the term struc-ture of interest rates to hedge systematic discontinuities in assetreturns. Mathematical Finance 5, 311-336.[24] Jarrow, R. & Madan D. (1995) Valuing and hedging...

... prescribed financial reporting system of enterprises including annual financial statements and interim financial statements. The followings are the main financial statements under Vietnam Accounting ... enterprise including business results and other results. Investors are always interested in income statement most in the investment decision. Through the income statement data, investors have the financial ... source of accounting information for investors in Vietnamese stock market Financial statements, are always created in compliance with accounting standards, must be studied and interpreted if...

... growth, increased bankruptcies, andfinancial market turbulence helped bring about adecline in the credit quality of Japan’s outstanding bond issues. With lower credit ratings suggesting anincreased ... Rating Agency.Because the Japan Bond Rating Institute and Nippon InvestorsService merged to form Japan Rating and Investment Information(R&I) in April 1998, Japanese ratings for spring ... drop in credit rat-ings—a key measure of creditworthiness—can explainonly a part of the rise in yield spreads in Japan’s corpo-rate bond market. When we control for the decline in ratings,...