Attracting foreign portfolio investment in Vietnam stock market: Khóa luận tốt nghiệp Đại học / Phạm Cao Đạt

MINISTRY OF EDUCATION AND TRAINING STATE BANK OF VIETNAM

BANKING UNIVERSITY OF HCMC

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UNIVERSITY GRADUATE THESIS

SUBJECT:

ATTRACTING FOREIGN PORTFOLIO

INVESTMENT IN VIETNAM STOCK MARKET

AUTHOR: PHẠM CAO ĐẠT

CLASS: HQ02-GE01

STUDENT CODE: 030630140806

GUIDE LECTURER: ASSOC. PROF. ĐẶNG VĂN DÂN

HÔ CHÍ MINH CITY, 2018

SUMMARY

Recognizing the importance of FPI's capital flows as well as investment

concerns in the world towards Vietnam. The thesis set out the basic arguments for

foreign portfolio investment, analyzing the fundamental aspects of FPI in terms of

positive and negative aspects. The thesis also explores the situation of attracting

foreign investment of countries such as Thailand, China and India to draw lessons

for Vietnam in attracting FPI capital on the stock market, through research the

situation of attracting foreign capital on the stock market has resulted in the

successes as well as the limitations and the causes leading to the remaining negative

aspects. After the remaining limitations are found, the thesis proposes

recommendations for better implementation of foreign investment attraction in the

stock market of Vietnam.

ASSURANCE

I pledge that this is my subject of thesis and is guided by Dr. Dang Van Dan.

The content in this topic is honest and has not been published in any way before.

The data in the tables used for the analysis, comment, and evaluation are collected

by the various sources from the different sources indicated in the reference section..

If any fraud is found, I am fully responsible for the contents of my

dissertation.

Author

(Sign, write full name)

THANK YOU

I would like to send my sincere thanks and deep gratitude to the lecturers of

Banking University of HCMC , who use their knowledge and enthusiasm to impart

the precious knowledge to us in during school time. I sincerely thank Assoc. Prof.

Dang Van Dan has devoted himself to teaching and giving comments to complete

the graduation thesis.

With time for the implementation of the limited course and experience and

knowledge is limited, so inevitably the shortcomings, I very much want to receive

the valuable comments of teachers..

Lastly, I would like to wish lecturers at the University of Banking Ho Chi

Minh City a lot of health, faith to continue its noble mission is to impart knowledge

to future generations..

CATEGORY

SUMMARY .................................................................................................... 2

ASSURANCE ................................................................................................. 3

THANK YOU ................................................................................................. 4

LIST OF ACRONYMS................................................................................... 8

LIST OF FIGURES......................................................................................... 9

LIST OF TABLES .......................................................................................... 9

EXORDIUM.................................................................................................. 10

CHAPTER 1: RATIOCINATES ABOUT STOCK MARKET AND

FOREIGN PORTFOLIO INVESTMENT CAPITAL IN THE STOCK MARKET13

1.1 Ratiocinates about stock market.......................................................... 13

1.1.1 Concept and essence about stock market ..................................... 13

1.1.2 Structure for operating and managing stock market system ........ 13

1.1.3. Function and structure of stock market ........................................... 15

1.1.3.1. Function of stock market.......................................................... 15

1.1.3.2. Structure of stock market ......................................................... 17

1.2. Foreign investment on stock market .................................................. 17

1.2.1 Concept of foreign investment ..................................................... 17

1.2.2 Forms of foreign investment ........................................................ 18

1.2.2.1. Official Development Assistant – ODA................................... 18

1.2.2.2. Foreign Portfolio Investment – FPI.......................................... 18

1.2.2.3. Foreign Direct Investment – FDI ............................................. 20

1.2.3. Impacts of Foreign portfolio investment on stock market .......... 20

1.2.4 Factors affecting the ability to attract foreign investment on the

stock market...................................................................................................... 23

1.2.4.1. International business state....................................................... 24