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Banking & Finance

VNDIRECT holds derivatives market conferences

Released at: 13:38, 20/05/2017

VNDIRECT holds derivatives market conferences

Photo: Hai Van

Conferences in Hanoi and HCMC to introduce investors to Vietnam's derivatives market, which will be launched in June.

by Van Hai

The VNDIRECT Securities Joint Stock Company (VNDIRECT) held a conference on derivatives on May 20 in Hanoi for investors who wish to take part in the new market. A similar conference is to be held in Ho Chi Minh City on May 21.

Mr. Nguyen Hoang Giang, CEO of VNDIRECT, told the gathering he believes a derivatives market would bring a range of attractive investment opportunities to investors and be a highlight for investors along with the stock market.

“Many new derivatives products, such as futures or warranties, are tools to help investors manage risk in their existing portfolio and increase profits,” Mr. Giang said.

Mr. Nguyen Tuan Cuong, Director of Structured Products at VNDIRECT, told VET that although Vietnam’s stock market has developed for 17 years, its products remain traditional. “A derivatives market would be a new tool in preventing risk when the stock market falls,” he believes.

Mr. Giang, however, also warned that derivatives are a complex commodity, so investors should be aware of the risks arising from such products.

VNDIRECT and leading experts with many years of investment experience in the market will lead investors at the conferences to conquer initial difficulties, from the organization of the stock market in Vietnam to actual trading.

In addition, to minimize the investment cost for customers, VNDIRECT has launched a “Free Transaction” program for all customers who open derivatives accounts at VNDIRECT from June 2 to September 2.

VNDIRECT and the State Securities Commission, the Hanoi Stock Exchange (HNX), and the Ho Chi Minh Stock Exchange (HSX) will operate in a trading system to meet investment demand when the derivatives market is launched in June. VNDIRECT has also invested in additional systems to ensure the best derivative products are offered and will hold training sessions to ensure that investors are fully informed about derivatives and investments in Vietnam’s stock market.

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