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Thank you. I am stout. It is a start of another day of trade.
Also I thought, here's the Hochimen city stock exchange it takes more than a few bangs of gong to get things going. Various VIPs make a go and champagne is served.Stay way from the red faces but keep my eyes fixed on the board.Even though the floor may not be full of action. This is the one of the hoteset markets on the planet.
In 2006 ,the exchang soared a nearly 145%. Its gained additional 40% through June this year.
In terms of total market capital it was roughly half billion dollars at the start last year,today it's about 15 billion. And according to the head of exchang,it's just gonna get bigger.
"By the end of the year,the market capital will double."
Vietnam is griped by stock market mania. Here is Saigon Securty Incor as SSI. Hundreds rush to the counter to place their orders.Check out the man with red sack,he takes out bandles and bandles of cash untill 1 billion dang is on the table,that's just over 60,000 dollars. After the orders are placed ,the punter simply hang around on the ready for any sudden moves.
Internet trading is not allowed in Vietnam. So this is what you done. A stuffy room crowed with hundreds people who can just stare at the screen for hours.
SSI also caters to 2000 overseason investors,eager for exposure to one of Asia's fast growing economies. Everyone wants in!And Hanoi is on the alert,worried about the speculated frenzy and possible collape. The gov is considering - order for inverstors to keep their capital in Vietnam for one year. There's plenty of talk about bubbles,but the big gangs are taking a long term view.
"I think the best thing is to come. You have the existing two angles list company probabaly less then 10 major stocks which used to be state-owned companyies. eh, but a few angls have to come in the coming 2-3 years."
"For me,Vietnam is one of the single most interesting markets and economies in Asia would in contest the frontier market.For me it means the most compelling 10 years by."
But any sudden slide will likely hurt the little guy like 25 years old student V with 2000 dollar investment.
" No, I loss. I'm muchly losing .
" Ouch! And It's not even barren season yet.

Kristie Lu Stout CNN Hochimen City