Phap Dang – Head of Organizing Committee VAD 2024 and Director of Securities Trading – Institutional Clients at Vietcap, shared his thoughts on the event.
Hello Mr. Dang and congratulations to you and Vietcap for successfully organizing VAD 2024, a highly anticipated and prestigious event for many investors. Can you share about this year’s event, the scale of organization, the number of participating investors, and the interest from investors?
This is the 11th edition of the VAD event, and this year we are delighted to welcome over 40 businesses, more than 20 expert guests, and notably 500 investors participating in the event (an increase of over 40% compared to VAD 2023). This is the highest number of investors participating in VAD so far. In addition to experienced investors in Vietnam, VAD 2024 also attracted a significant number of new investors who are conducting their initial research on Vietnam.
After VAD 2024 concluded, we received very positive feedback from investors, businesses, and speakers about the quality, professionalism, and scale of the event. This reaffirms that VAD is a leading investment conference in Vietnam.
The record scale of VAD 2024 demonstrates the attractiveness of the Vietnamese stock market to foreign investors. After a challenging 2023 for the Vietnamese economy and witnessing foreign investors as net sellers in the market, 2024 heralds more optimistic expectations for economic recovery, corporate profits, alongside an attractive market valuation and the narrative of Vietnam’s stock market upgrading to the emerging market group.
VAD, organized by Vietcap, has entered its 11th year with many high-quality sessions. As a representative of the organizing unit, can you share the importance of this event for participants and how it contributes to building Vietcap’s brand?
VAD is the largest investment conference in Vietnam, connecting the country’s leading businesses with global investors to discuss the latest market trends and potential investment opportunities. VAD plays a vital role in attracting foreign investment into Vietnam.
VAD stands out in terms of both scale and, particularly, quality. We devote considerable effort to generating ideas, selecting topics that are most relevant and meaningful to investors, inviting top experts in their fields as speakers, and inviting senior leaders from leading Vietnamese businesses. Furthermore, we invest heavily in choosing the venue, setting up quality spaces, as well as operating the conference systematically to provide the best experience for all participants.
As you shared, many bright spots in the market were identified at VAD 2024. Can you elaborate?
In 2023, the economy faced several challenges such as prolonged difficulties in the real estate and corporate bond market, high interest rates in the early months of 2023, and a decline in exports. The 2024 landscape has seen considerable changes – (i) deposit interest rates are at their lowest level in decades, (ii) exports have returned to positive growth, (iii) businesses and experts at VAD 2024 believe that the real estate market has overcome the most difficult phase and, along with new laws related to the real estate sector and other government action plans, we can expect a recovery for this industry in the coming quarters and especially from 2025 onwards, and (iv) infrastructure investment continues to grow robustly.
Regarding the stock market, investors highly appreciate the potential for businesses’ profit growth, the attractive valuation of the Vietnamese market compared to neighboring markets such as Indonesia and Thailand, and the expectation that low-interest rates will encourage more Vietnamese people to participate in the stock market.
On February 28th, the conference on developing the stock market in 2024 was inaugurated in Hanoi, with many opinions and discussions, especially regarding the plan to upgrade the Vietnamese stock market to an emerging market. How do you evaluate this aspiration?
Vietcap highly appreciates this effort and is collaborating with other market participants to contribute ideas and share experiences to help realize the goal of early stock market upgrading.
At VAD 2024, this was a topic of great interest to many investors. They highly value the efforts made by Vietnam’s management agencies, as well as other market participants, in the past year and expect a surge in foreign capital inflows into the Vietnamese stock market when the upgrade takes place.
Thank you for these insightful shares!
