21.  The consensus view is that nations that would like to liberalize their capital markets must do it only after their domestic capital and banking sectors have been reformed.

22.  The need of the capital of industrial countries is to snuff out all competition from domestic capital of the developing countries.

23.  The situation resulted in SCIB being unable to raise domestic capital which was a must in the memorandum of understanding signed with ING Bank NV of the Netherlands.

24.  The shift would see more advanced countries receiving advice on areas such as the development of domestic capital markets instead of financial aid.

25.  This in turn will increase the flow of securities to the domestic capital market, which is one of the major components in the success of the CMDP.

26.  Vietnam needs to restore consumer confidence in the banking system if it is to attract the domestic capital it needs to help develop the economy.

27.  Government capital spending will be even more limited this year, creating greater dependence on overseas funding and the need for better mobilization of domestic capital, he said.

28.  Government capital spending will be even more limited this year, necessitating measures to mobilize domestic capital, he said, calling for a hastening of the equitisation process.

29.  He also said that central banks needed to take more effective steps to ensure that domestic capital markets were resilient enough to withstand the forces of globalisation.

30.  Hung said the government would make greater efforts to mobilise domestic capital and its priority was to maintain stability in the financial sector.