In December 2017, the China-Vietnam Capital Cooperation Forum was held in Ho Chi Minh City, Vietnam. One of its main purposes was to find a way to further deepen and accelerate the cooperation between the two countries in the capital market’s field. After the Forum, the promotion of the transnational capital flow has been boosted, in particular, with reference to the capital flow from China to Vietnam, to foster the growth of both small and medium Vietnamese enterprises.
Different institutions and banks, with their representatives, attended the Forum: the Shenzhen Stock Exchange, the General Consulate of the People’s Republic of China, the Bank of China Ho Chi Minh City branch, the Ho Chi Minh City Stock Exchange, etc.
In order to create a functional financing system for small and medium enterprises, during the Forum the idea of building a common capital market ecosystem has been discussed. From this perspective, the role attended by the China’s Shenzhen Stock Exchange (SZSE) is fundamental. Based in Shenzhen, the SZSE is one of the biggest China’s stock exchanges and it occupies the 8th position in the ranking of the world’s largest stock exchanges.
SZSE intends to offer both financial products and capital infrastructure and create a network platform where Chinese investors and Vietnamese investment projects can meet. During the Forum, an agreement between SZSE and Bank of China Ho Chi Minh branch was signed, so as to establish the platform, which shall be characterized by the transparency of the information, to let Chinese investors evaluate the investment projects and choose the most convenient and interesting one.
The abovementioned mechanism for encouraging cross-border investments has successfully been realized in other countries and it could become a model also to promote European investments, especially after the Free Trade Agreement between EU and Vietnam comes into force.
This innovative system confirms the fact that Vietnam is growing and it is attracting more and more foreign investments, thanks also to the favorable policies adopted by the Government.
For more information about Vietnam and its new projects, please write to info@dandreapartners.com
Provisions of the New Company Law on the Dismissal and Resignation of Directors China’s new Company Law, which will come into effect on July 1, 2024, creates the following systems for the dismissal and resignation of directors: first, the shareholders’ meeting may resolve to dismiss a director, but if a director is dismissed before the
In February 2024, Vietnam adopted a new Construction Industry Development Strategy for 2030 – 2045, aiming to boost the construction market, especially in urban infrastructure and housing. The strategy prioritizes key infrastructure projects in major cities and sets ambitious goals for housing construction, including doubling urban housing rates by 2030 and building 1,000,000 housing units
The new Company Law was amended and passed on December 29, 2023, and will come into effect on July 1, 2024. The new law shortens the deadline for subscribed capital contributions, allowing companies to adjust their registered capital according to their operational conditions. This article starts by focusing on the key provisions of the new
