Many people expect that Vietnam stock market and property market will soon recover in H1/2012 thanks to tough measures taken by the government to stabilize macro economy, however, I don’t think things are such simple, said Dominic Scriven.

Markets have their objective law and their own rules to operate, they should not be ruled by administrative policy. If stock market is a mirror, it is reflecting current macro economic difficulties.

Dominic Scriven, the Chief Executive Officer at Dragon Capital Group Limited, said he does not question whether Vietnam stock market will recover in 6 or 12 months, but the question when will outstanding problems are completely solved.

However, he believed that economic unbalances in the past years have been recognized by the new government and they are working together to solve them. Stock market will recover when the investors believed in government’s regulating policies.

Dominic Scriven sees that investors’ confidence in the global markets are falling due to complicated situation of inflation, gold prices, commodities prices therefore,  it is not really supportive factor  for Vietnam economy’s recovery and new investment attraction.

The fund manager believed the year 2012 will have significant meanings to Vietnam capital market and it is the time for Vietnam to carry out innovation, restructuring capital market to be proactive to later recovery.

Source Scarlet D./ StoxPlus, DTCK