This paper examines the causal relationship between stock prices and trading volume for the Ha Noi Stock Trading Center over the period from Feb. 6th 2006 to Feb. 27th 2009. To investigate the causal relations between stock prices and trade volume, the Granger causality test is applied in this study. Main results derived from the test reveal that there is the uni-directional causality between the daily market index and trading volume. In other words, changes in the market index lead to changes in market trading volume, but daily market trading volume does not cause the market index to change.
Market for urban housing is considered as a segment of the realty market. During the fast urbanization following the industrialization, this segment develops quickly. In HCMC in the past 20 years (from 1986), the market for urban housing has gained remarkable developments. This is a market for a special commodity that has high values and long history. To develop this market, it’s necessary to grasp the market demand in each stage of the socioeconomic development with a view to establishing some balance between the supply and demand
The stock market in Vietnam has experienced many wide fluctuations. After gaining a growth rate of 20% or higher for four successive years, the VN-Index in 2008 lost 66% of its value. Many factors have affected it, such as the global financial crisis, income tax on investments in stock, anti-inflation policies, etc. but this paper only aims at analyzing risks involved in lending by commercial banks to investors in stock, which has been considered as both cause and consequence of fall in the stock exchange
The year 2008 with its financial crisis leads to different predictions of the Vietnamese economy in 2009. In 2008, Vietnam’s macroeconomic indicators were acceptable (for example, the balance of payments is rather good and foreign exchange reserve is kept at a safe level) when the world economy experienced recession. In the first quarter of 2009, the GDP rose by 3.1%, industrial output value by 2.1%, and retail sales of goods and services by 21.9%. The Government kept stimulating the economy with the second interest supporting package and we hope that the economic growth will be better along with the global trend of economic recovery
HCMC is a major economic center of the country, a communication hub, and a leading center of health care; scientific research, and education in the South. With the role as a center, HCMC maintains a high growth rate along with socio-political stability, thereby contributing to the national stability. The HCMC economic growth affects greatly the national growth rate. To ensure a high growth rate in HCMC (accounting for some 20% of the GDP), HCMC needs enormous investments for its infrastructure while the source of finance from the budget income (part of tax take and income from natural resources) is limited. Statistics show that the part of budget income used for development only meet 40% or 50% of the demand, so mobilizing other sources of investment becomes inevitable. In 2003, HCMC was the first city in Vietnam was allowed to issue municipal bonds of infrastructure. After five years, some VND10,000 billion worth of bonds was sold. This way of mobilizing the capital, however, is restricted by Section 3 of Article 8 of the Budget Law 2002 that reads, “Total mobilized capital must not exceed annual investment in public construction by the local government.” How can local government deal with this limit? The answer from HCMC is the model of public – private partnership.