Factors affecting the development of the Vietnamese derivative securities market

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In the context of integration, the capital market has important implications for strengthening economic resources for development. This becomes even more important as the derivative securities market has recently emerged in some countries. It is an opportunity for countries to approach many capital sources, especially foreign capital. The objective of this paper is to identify factors affecting the development of Vietnamese derivative financial markets. The paper uses exploratory factor analysis and ordinary least squares to test the model. A survey sample includes 152 managers and experts of Vietnamese derivative securities companies in 2019. The results show that the International integration factor has the same direction, while the Legal environment factor has an adverse impact on the development of the Vietnamese derivative securities market. Therefore, Vietnamese regulatory bodies should amend some laws to create stability in the legal corridor, and state management agencies in the country need the orientation and the international integration strategy to attract financial resources for the development of Vietnam’s economy.

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    • Table 1. Variable names and previous studies in the model
    • Table 2. KMO and Bartlett’s test
    • Table 3. Rotated component matrix
    • Table 4. Model summary
    • Table 5. ANOVA
    • Table 6. Coefficients
    • Formal Analysis
      Tran Quoc Thinh
    • Project administration
      Tran Quoc Thinh
    • Supervision
      Tran Quoc Thinh
    • Writing – original draft
      Tran Quoc Thinh, Ly Hoang Anh, Nguyen Ngoc Khanh Dung
    • Writing – review & editing
      Tran Quoc Thinh
    • Conceptualization
      Ly Hoang Anh
    • Methodology
      Ly Hoang Anh
    • Resources
      Ly Hoang Anh
    • Validation
      Ly Hoang Anh
    • Visualization
      Ly Hoang Anh
    • Data curation
      Nguyen Ngoc Khanh Dung
    • Investigation
      Nguyen Ngoc Khanh Dung
    • Software
      Nguyen Ngoc Khanh Dung
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Investment Management and Financial Innovations
Investment Management and Financial Innovations