The Research Of Vietnam Emerging Stock Market

Vietnam and China are both in process of reform and opening up. As one of the few samples socialist countries carry out market economy mechanism, Vietnam collected many experiences and also learned many lessons. All of these are of great worth for our study. As we know, stock market is always recognized as a weather glass of macroeconomic conditions. This paper emphasizes on the development of Vietnam stock market. For one thing, it shows the 8 years development process and analyzes its characteristics; for another, it pays attention on the problems of this market and discusses the relationship of stock bubbles and economic bubbles.Actually the research on this subject is not so systematic in China. Literature materials of Vietnam stock market are seldom to be found. This paper consulted many one-hand information of Vietnam stock market and got close to the resent development of this area. Also, it emphasizes on the questions of how to control the risk of a newly started stock market and prevent the stock bubbles with its hazard. These are all the innovations of this paper.This paper can be divided into 5 parts. Part 1 prepares some theories about stock market for the whole research; Part 2 shows the background of the establishment of stock market in Vietnam; Part 3 researches on the process of development in this market; Part 4 introduces some important bodies of Vietnam stock market Part 5 analyzes the characteristics and problems of Vietnam stock market especially from the aspect of stock bubbles.