Minister believes in stock market rebound (26/03)
06/08/2010 - 29 Lượt xem
The minister, Vu Van Ninh, made the statement at his meeting with the press on the sidelines of the National Assembly Standing Committee’s seventh meeting in Hanoi on March 26.
“At the moment, investors should buy in shares,” Ninh said at the meeting which centered on the ups and downs of the stock market.
However, the finance minister also advised investors to analyse the market carefully before making any decisions.
Vietnam ’s stock market slipped in nearly 10 consecutive days and made a rebound during the trading session on March 26.
“When the market fluctuated, local investors tended to sell shares as quickly as possible to avoid losses because they did not study market information thoroughly,” Minister Ninh explained.
He said foreign investors, meanwhile, continued to increase their buy-in, a sign that reflected their confidence in the country’s economic stability.
The minister said foreign investment confidence was further illustrated by the fact that more than 1 billion USD in foreign investment poured into the country in the first quarter of this year.
The Finance Minister also said measures banks took to tighten money management to help contain inflation affected the stock market at times.
“However, investors need to have confidence in the growth of the stock market,” minister Ninh said, adding that the Government has adopted moves to shore up the market.-Enditem
Source: Vnagency
