Solutions for Construction and Development of the Derivatives Securities Market in Vietnam
Keywords:Stock Market, Vietnam Derivatives Stock Market, Financial Instruments, Risk
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.Â
Anjali Kumar (1997),"The regulation of non-bank FINANCIAL INSTITUTIONS: The United States, the European Union, and Other Countries", Discussion Paper No 362, World Bank, page 20.
Baker & McKenzie (2013), Doing Business in Thailand in 2013, Documents introduced by the Office of Bangkok, (7).
Boss & Young Patent & Trademark Law Office (2013), The China Stock Exchange â€“ IPO review, Beijing, (8), page 1-3.
Chen Daisong (2009), "Legal development in China: securities market khi three decades of Reform and opening-up", East China University of Political Science and Law, Documentation for the program ASLI (ASLI Visiting Fellow), Asia Law Institute, ( 8).
Chiwen (2014), "Chinese securities companies: An analysis of Economic Growth", Chinese Journal ofAnalysis, (9), tr.27
Jingyun Ma, Song Fengming, Zhishu Yang (2009), "The Dual Role of the Government: securities market regulation in China 1980-2007", School of Economics and Management, Tsinghua University, China, Journal of Practice and Financial adjustment.
OECD (2002), Debt Management and Government Securities Markets in the 21stCentury.
Pricewaterhousecoopers, Entering the United States Securities Markets.
Xiao Chen, Chi-Wen Jevons Lee, Jing Li (2013), "Chinese Tango", Government Assisted Earnings Management; School of Economics and Management, Tsinghua University, China.
How to Cite
- Papers must be submitted on the understanding that they have not been published elsewhere (except in the form of an abstract or as part of a published lecture, review, or thesis) and are not currently under consideration by another journal published by any other publisher.
- It is also the authors responsibility to ensure that the articles emanating from a particular source are submitted with the necessary approval.
- The authors warrant that the paper is original and that he/she is the author of the paper, except for material that is clearly identified as to its original source, with permission notices from the copyright owners where required.
- The authors ensure that all the references carefully and they are accurate in the text as well as in the list of references (and vice versa).
- Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a Attribution-NonCommercial 4.0 International that allows others to share the work with an acknowledgement of the work's authorship and initial publication in this journal.
- Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgement of its initial publication in this journal.
- Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work (See The Effect of Open Access).
- The journal/publisher is not responsible for subsequent uses of the work. It is the author's responsibility to bring an infringement action if so desired by the author.