越南证券市场的发展探讨A study on the development of the securities market in Vietnam 摘要:（摘要内容经过系统自动伪原创处理以避免复制，下载原文正常，内容请直接查看目录。） 越南是东盟（ASEAN）十国中第七个树立证券市场的国度。2000年7月20日胡志明市证券生意业务中间的停业，标记着这个西北亚社会主义国度证券市场的正式启动。自2000年7月28日至2001年3月28日，胡志明市证券生意业务中间已完成了100个生意业务日，越南证券指数从初始的100点上扬到260。7点。越南证券市场的稳固运转和初步胜利获得了国际金融界的确定评价，其现状及成长远景正日趋遭到存眷。若何标准与成长社会主义市场经济体系体例下的证券市场，一向是倍受存眷的热门成绩。中国证券市场已走过了十年的过程，从无到有，从小到年夜，获得了令世界注视的造诣，越南语论文题目，对公民经济的作用力也愈来愈年夜。然则，越南语毕业论文，个中也存在一些不容疏忽的成绩。对这些成绩的处理，直接关系到证券市场甚至经济改造的成效。那末，异样正在停止经济改革的与我国国情类似的社会主义邻邦的越南在证券市场扶植方面的过程又若何呢？其特色和成绩又若何呢？能否有值得我国自创的处所呢？其证券市场的成长对我国公司和投资者又能否带来了新的机会呢？对于对越南证券市场的实际和理论的专题研究今朝照样一个空白的范畴。而对于越南证券市场的研究，岂论是在实际上照样理论上对社会主义国度证券市场的成长都具有严重的汗青意义，同时，这也应是证券市场国际化研究的一个构成部门。另外，站在公司和投资者的角度，懂得和运用越南本钱市场对于进军越南和西北亚市场也是一个极有理论意义的课题。与中国的情形类似，越南证券市场是经济转型配景下由当局主导树立的新兴证券市场，是越南改革开放和国有公司改造进一步深化的产品。笔者的研究从越南的经济改革和国有公司改造动手，第一章在对越南经济改革和国有公司改造停止概述和剖析的基本上，阐述了证券市场对越南改革开放和国有公司产权轨制改造进一步深化的感化和意义，并对当局在证券市场扶植方面的指点思惟和越南证券市场的启动情况停止了引见和剖析；因为国际今朝有关越南证《WP=3》券市场轨制和现状的引见甚少，论文第二章运用必定篇幅对越南证券市场的轨制设计和根本现状停止了引见和评价；第三章对越南证券市场的特色和存在的重要成绩停止了剖析，对其成长远景停止了瞻望，在此基本上对中越两国证券市场停止了比拟，对经济转型配景下证券市场成长的一些成绩如标准与成长的辩证关系、产权改造的深化与国有股的流畅、证券市场对外开放的形式等停止了商量。弗成否定，在社会主义市场经济改造、国有公司改造甚至证券市场扶植方面，越南一向在亲密地注目、卖力地研究和积极地自创中国的经历经验，是以，越南在这些方面也走过了与中国极端类似的过程。但是，凭仗进修优势和后发优势，越南在实际和理论方面也有立异，个中也不乏有值得我国反思和自创的处所，表现在证券市场的扶植上，笔者以为至多有以下四个方面：一是在证券市场威望治理机构的树立和律例预备上，越南作出了超前的支配，最年夜限制地削减了市场治理和运转方面能够涌现的凌乱无序；二是在市场准入和市场监管方面，越南实行了严厉的轨制标准，限制公司上市自觉“圈钱”行动，看重掩护投资者好处，有益于市场的久远安康成长；三是在上市企业国有股的减持和流畅上，越南采用了较为灵巧的做法，年夜幅下降国有股的比例，使上市企业的股权构造绝对公道，为防止市场范围扩展后涌现一系列积习难改的成绩作了年夜胆而成心义的摸索；四是在证券市场的对外开放方面，越南联合其国情停止了年夜胆的轨制设计，若有限制对外直接开放、许可本国证券商和管帐审计机构介入证券市场、许可外资公司改制上市等，为证券市场的标准成长和国际化作了超前的预备。笔者而且建议中国公司和投资者应看重越南启动证券市场合带来的新的机会。基于MBA论文的特色和请求，笔者在对实际成绩尽量停止必定水平的论述和商量的同时，着重于运用实证研究与比拟研究的办法。同时也留意从公司和投资者角度动身，对本国投资者进入越南证券市场的一些成绩停止了略加具体的剖析和论述。论文所用材料绝年夜部门起源于越南最新专业报纸刊物和作品。 Abstract: Vietnam is the ASEAN (ASEAN) seventh set up the stock market in the country of ten. In the middle of the securities business of Hu Zhiming in July 20, 2000, it marked the official launch of the securities market in the North West Asian socialist country. From July 28, 2000 to March 28, 2001, Hu Zhiming City Securities Business Center has completed 100 business days, the Vietnam securities index rose from the initial 100 points to 260. 7 point. The steady operation of the Vietnam stock market and the initial success of the international financial sector to determine the evaluation, its current situation and growth prospects are increasingly being concerned. How standards and growth of the socialist market economy system of the securities market, has always been a concern of the popular results. China's securities market has gone through ten years of process, from scratch, from small to large, to get the world's attention to the attainment of the economic impact of the civil economy is also growing. However, there are some of the results can not be ignored. To deal with these achievements, it is directly related to the effectiveness of the stock market and even the economic transformation. At the end, strange is to stop the economic reform and the situation of our country similar socialist neighbor Vietnam in support of the securities market and how? Its characteristics and performance and how it? Is there a place for our own self created? The growth of the stock market can bring new opportunities to our country's enterprises and investors. On the Vietnam securities market, the actual and theoretical topics of the current study is still a blank category. And Research on the securities market in Vietnam, is actually still theory of socialist national stock market growth has significant historical significance. At the same time, it should also is the internationalization of Securities Market Research of a component. In addition, standing in the perspective of enterprises and investors, to understand and apply the Vietnamese capital market in Vietnam and the northwest Asian market is also a very theoretical significance of the subject. Similar to China's situation, the Vietnamese stock market is the emerging securities market dominated by the government in the economic transition, is the reform and opening up of Vietnam and the reform of state-owned enterprises to further deepen the reform of the product. The author of the study from Vietnam's economic reform and the reform of state-owned enterprises. In the first chapter, the economic reform and the reform of state-owned enterprises to carry out an overview and analysis of the stock market basically, expounds the further deepening of reform and opening up and the Vietnamese state-owned enterprise property right system reform and a sense of meaning, and the guiding ideology of the authorities in support of securities the market and the Vietnamese stock market start are introduced and analyzed; introduces the current relevant certificate because Vietnam "WP=3" securities market system and the status quo is poorly understood, the second chapter will application system design space of Vietnam "s stock market and the fundamental situation has carried on the introduction and evaluation; the third chapter features of important achievements Vietnam's stock market are analyzed, the development prospects are prospected, which basically stop the Sino Vietnam stock market Compared to the economic transformation and development of securities market, in the context of some of the results such as the standard and the growth of dialectical relations, property right reform of deepening state-owned shares and smooth, the securities market opening to the outside world and discuss. Eph into negative, socialist market economic reform and the transformation of state-owned enterprises and even the securities market construction in Vietnam has always been in close attention, to study hard and actively from China's experience is to Vietnam in these areas has gone through with China is extremely similar to the process. However, with the further advantage and the advantage, Vietnam also has innovation in theory and practice, which also are worthy of our reflection and using for reference, performance in the securities market construction, the author thinks that there are at least the following four aspects: one is the governance mechanism in the securities market and establish the prestige of the law reserve Vietnam, made ahead of the domination, utmost ground cut market governance and operation to the emergence of disorder; two is the market access and market supervision, Hanoi strict system standards, restrictions on business city "quanqian" action, value consciousness of protecting the investors' benefits, beneficial to the market Ankang long growth; three is in a smooth and reduction of state-owned shares of listing Corporation, Vietnam adopted a more clever approach, a major decrease in the proportion of state-owned shares, the listed Company's equity structure of the relatively reasonable, to prevent the expansion of the scope of market emerged a series of incorrigible results bile Nianye and meaningful exploration; the fourth is in the securities market to the outside world, Vietnam combined with the situation of the country stopped bile Nianye the rail system design, if there is a limit foreign direct opening, licensing of domestic securities business and accounting audit institutions to intervene in the stock market, licensing foreign enterprise restructuring and listing, securities market standard growth and international turned to advance preparation. The author also suggests that Chinese enterprises and investors should pay much importance to the new opportunities brought by Vietnam to start the securities market. Based on the characteristics and requirements of MBA papers, the author in the actual results as far as possible to stop the level of discussion and discussion at the same time, focusing on the application of empirical research and comparative research approach. At the same time also pay attention to start from the perspective of enterprises and investors, the domestic investors to enter Vietnam securities 目录: |
