Solutions for Construction and Development of the Derivatives Securities Market in Vietnam

Nguyen Tuan Anh, Vu Ngoc Xuan

Abstract


The necessity of a stock market derivative is evident through research positions features basic economics of it, that is the function of microeconomic basically made by the futures market related to the creation of a competitive price, the insurance risks trade prices, make it facilitate the mobilization and allocation of resources. At the same time the stock market derivative also features indirect macroeconomic support capital rising in society and help redirect funds used under the most economics way and the most effective.

Derivative securities are derivative financial instruments derived from stocks and have a relationship with the stock closely origin. These are financial instruments versatile and are important tools used in a flexible manner to help enterprises and investors on stock market risk treatment on stock prices and help speculators looking to profit. But derivatives to create ceramic molding from investors and very complicated only for professional investors and stock market development. In Vietnam, the stock market just put into operation since 2000, also in phase initially built up the problem applies derivative securities is inadequate, but as the market develops, it becomes necessary.

After 15 years of establishment and development of Vietnam's stock market, dated 5/5/2015, the Prime Minister issued Decree No. 42/2015/ND-CP on derivative securities and stock market Derivative. This is considered a prerequisite for the operation and development of the stock market derivative Vietnam in the coming time; contribute to improve the market structure of modern finance, next to the stock market and bond market government listed. 


Keywords


Stock Market, Vietnam Derivatives Stock Market, Financial Instruments, Risk

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DOI: https://doi.org/10.24203/ajhss.v5i4.4947

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