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the State's policy, the policy changes affecting financial investment activities, which affect the efficiency of investment. The tax policy had the influence to investment operations and investment performance. Vietnam needs to exploit the tax incentives as invest in the types of bonds, bonds are exempt from corporate income tax; has made stocks at the center of the Hanoi Stock Exchange to take advantage of the tax incentive policy for the organizations listed.In the field of bonds, since the State implemented the policy of encouraging the secondary bond market development, has created conditions for Vietnam to promote and expand investment in bonds and other similar certificates. Previously, involved in this field, Vietnam can only use long-term investment capital due to the liquidity of the market is very low. However, up to now, Vietnam can use both the short-term capital into the sector, open up new investment opportunities.
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