Mr. Nguyen Ngoc Canh

Mr. Martin Rama, Acting Country Director of The World Bank chaired the opening panel discussion in which Mr. Ayumi Konishi, Country Director of Asian Development Bank, Mr. Sin Foong Wong, Country Manager of IFC, Mr. Nguyen Ngoc Canh, Director of ICD, SSC and Madame Le Thi Bang Tam, former vice minister of finance and chairwoman of SCIC, gave their reviews of the success of the country's WTO achievements and shared their views on the outlook in the coming years.

Nguyen Ngoc CanhDirector, International Cooperation DepartmentState Securities Commission

- Nguyen Ngoc Canh, Director, International Cooperation Department, State Securities Commission

Nguyen Ngoc CanhDirector, International Cooperation DepartmentState Securities Commission

The gathering aims to discuss the management and supervision of securities markets among representatives of the region's securities boards, said Nguyen Ngoc Canh, head of the State Securities Commission's International Co-operation Division.

The meeting, the first event of its kind in Viet Nam, would provide updated information on international practises and norms associated with securities markets management and operation, he added.

In line with the conference, the State Securities Commission would also hold working sessions with regional partners in order to strengthen and expand multilateral co-operation among management agencies, he said.

Canh also said that the State Securities Commission would ask IOSCO to back Viet Nam in implementing IOSCO's 30 principles.

The commission will also work with China Securities Supervision and Management Board to carry out co-operation programmes agreed to in a previous memorandum of understanding.

The commission would meet with Singaporean Monetary Management Agency on the sidelines of the seminar in a concerted bid to connect the two markets, he said.
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Canh said that the upcoming seminar would therefore discuss co-operation among regional stock markets to bring possible violations, such as money laundering or market ripping, under control.

To brace for global integration, Vietnamese stock companies should focus on upgrading technology, training specialised employees, improving service quality and forging strategic partnerships, he said.

"A [sharp] price fall is nearly impossible despite a sharp increase in the supply side with new stocks continuously being listed," Nguyen Ngoc Canh, head of the State Securities Commission's International Relations Department told the South Korean investors at the Hanoi investment opportunities seminar.Canh pointed out the involvement of foreign institutions had made the stock market far different from what it was five years ago."During the 2001-02 period, most investors were individuals and large foreign institutions remained absent," he said.