Vietnam Association of Financial Investors

The Vietnam stock market was established and operated on July 28, 2000 with only 2 listed companies in the context of the small number of equitized SOEs, the small number of private enterprises, and the legal framework for stock market activities are still primitive and lack a lot of regulations on transactions, taxes, audits.

In the early stage of the market, due to inexperience in the stock market, the operators made mistakes in administrative intervention which also slowed the market development for many years.

In the early years of the stock market, the market was slow to develop, mainly because the securities business environment was not good, still very poor, and on the part of the management agency, it was slow to improve the securities investment environment due to the lack of goodwill. experienced .

In the initial period, institutional and individual investors faced many difficulties about the primitive securities investment environment and wanted to contribute intellectual efforts to the development of the Vietnam stock market. At the trading floor of Thang Long Securities Company in Hanoi, 50 individual investors discussed and proposed many solutions to build and develop the stock market to the State Securities Commission. Many proposals have been raised, but there is a big difficulty that takes a lot of time to discuss and get signature.

The work of contributing to building the market is very limited because there is no legal entity representing the investors. Investors make official comments to the relevant state agencies, before that situation, it is necessary to establish an association organization, representing the community of securities and financial investors to have a voice to criticize, proposed to state agencies, and securities investors at the Exchange at Thang Long Securities Company have mobilized many organizations and individuals to join the Association and establish the Association of Investors. Vietnam Finance.