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2020.12.03
(28) 1 incapable of coping with 2 far from vulnerable to
3 forced to live with 4 partly responsible for
VietnameseIm'estments
Vietnam's economy skyrocketed in2006,fueled by optimism over
the nation's robust productivity growth,its entry into the World Trade Organization,and a stock market mania.In fact,He Chi Minh City's official stock index has recently been Asia's best-performing market.
However,it is the unofficial trading in so-called over-the-counter
(OTC)shares that( 29 ).These are shares of companies recently partially privatized by government economy overseers aiming to deregulate Vietnam's economy.No one can say precisely how many investors have?coked to the OTC arena,but most experts estimate that at least500,000 Vietnamese are in the game - roughly five times the number investing in Vietnam's official stock exchange.The official bourse,or stock exchange,the He Chi Minh City Securities Trading Center(HOSTC),was founded in2000.However,it was only after the OTC market was started in Hanoi in2005 that public interest in stock investing really began to take off.
The rush to the OTC market was driven in part by the lack of