Chairman Guotai Junan was impressed by the decisiveness of the State Securities Commission.

On the morning of June 29th, Guotai Junan Vietnam Securities Joint Stock Company (HNX: IVS) successfully held its 2023 Annual General Meeting of Shareholders.

Speaking at the General Meeting's discussion session, Mr. Huang Bo, CEO of Guotai Junan Securities (Vietnam), shared that Guotai Junan International Holding chose to invest in the Vietnamese stock market because it has significant growth potential.

Analyzing further, he noted that Vietnam has a stable economic growth rate, with frequent innovations and reforms in its financial market moving in an upward direction. Economic indicators and market data also show solid growth in the Vietnamese stock market in recent years.

“The Vietnamese government has implemented numerous reforms aimed at enhancing the transparency, competitiveness, and attractiveness of the Vietnamese stock market. Opening up the market, improving regulations and accounting, and promoting information technology in the financial sector are creating a favorable and attractive investment environment,” he said.

Geographically, Vietnam is located in the heart of Southeast Asia, one of the fastest-growing regions in the world . This creates opportunities for the development of the stock market and increased financial investment activity.

Furthermore, Vietnam is becoming an attractive destination for both domestic and foreign companies, especially in fast-growing industries such as information technology, real estate, consumer goods, and manufacturing. The growth of these sectors translates into a huge demand for capital and investment opportunities in the Vietnamese stock market.

Therefore, the Vietnamese market is attracting the attention of international investors, including Guotai Junan International Holding.

Mr. Huang Bo, Managing Director of Guotai Junan Securities (Vietnam), delivered a speech at the General Meeting.

Having been in Vietnam for two years, representatives from Guotai Junan Securities Vietnam stated that the company has set an ambitious goal with a long-term strategy to be among the top 5 best securities companies in Vietnam.

“The company invested in the Vietnamese market with the goal of long-term development, with many important investment deals. After a period of participation in the market, the company has gradually perfected its processes and development direction for the future,” said Mr. Huang Bo.

To increase its competitiveness in the market with similar companies, Guotai Junan Vietnam affirms that it has no plans to completely waive securities transaction fees. Instead, the company states that it will enhance the customer experience, competing by improving service quality through the development of specific marketing strategies for each period and implementing personalized incentive programs for individual customers to achieve better results.

Regarding the handling of market violations by the State Securities Commission of Vietnam over the past period, Mr. Wang Jun Hong - Chairman of the Board of Directors of Guotai Junan Securities Joint Stock Company (Vietnam) expressed his "great impression of the decisiveness in handling violations in the Vietnamese market recently by the State Securities Commission".

Furthermore, Mr. Wang Jun Hong shared that Guotai Junan Vietnam's parent company operates primarily in the Hong Kong market – the world's second-largest stock market – and has a culture that prioritizes risk management and legal compliance.

Chairman Guotai Junan expressed surprise at the decisive handling of irregularities in the Vietnamese stock market.

Upon arriving in Vietnam, Mr. Wang Jun Hong assessed that the Vietnamese market is increasingly being purified in a positive direction thanks to the government's decisive approach, prioritizing the rule of law and preventing violations from existing and affecting the interests of investors in particular and the market as a whole.

As a foreign investor entering the Vietnamese market, the company has received significant direct and indirect support from the Vietnamese legal framework.

Besides its strengths, representatives from Guotai Junan Vietnam stated that accessing the stock market still faces several challenges, such as information, legal procedures, infrastructure, and digital technology.

Accordingly, Guotai Junan Vietnam recommends that in the future, the Vietnamese stock market needs to enhance information transparency and provide complete and reliable information to foreign investors.

To attract more foreign investment, Vietnam also needs to accelerate legal reforms, simplify procedures, and create a more favorable business environment for foreign investors.

Infrastructure, including technical infrastructure, trading systems, and liquidity, needs to be invested in and upgraded to meet the growing demands of the Vietnamese stock market. At the same time, tools and mechanisms need to be developed to enhance liquidity and attract investors.

Furthermore, technology and digitalization play a crucial role in enhancing efficiency and attracting investors. For the Vietnamese stock market, investment in technology and the development of online trading services, electronic trading platforms, and digital asset management systems are necessary to improve the investor experience and attract investor interest.

Overview of the 2023 Annual General Meeting of Shareholders of Guotai Junan Vietnam Securities.

Furthermore, the Vietnamese stock market needs to strengthen international cooperation and open up to other countries and financial institutions that can contribute to market growth. Building partnerships and creating favorable conditions to attract foreign capital and expertise will help the Vietnamese market be upgraded from frontier to emerging market status sooner.

“This requires concerted efforts from all stakeholders, including the government, regulatory agencies, businesses, and investors, to implement these solutions effectively,” shared the Chairman of Guotai Junan Vietnam.

Regarding the slow growth of IVS shares on the market, the leadership of Guotai Junan Vietnam believes it is impossible to double the share price in the next trading session. However, the company is confident in the future prospects of IVS shares due to the company's foundation and long-term development direction .

Source: https://www.nguoiduatin.vn/chu-tich-guotai-junan-an-tuong-ve-su-quyet-doan-cua-ubcknn-a614923.html