NA deputies to debate Securities Law

National Assembly (NA) deputies will have a plenary discussion on October 22 focusing on the draft revised Securities Law as part of their ongoing eighth session.

na deputies to debate securities law hinh 0
Illustrative image (Source: VNA)
The bill, comprising 10 chapters and 135 articles, was earlier debated during the seventh NA session and the 36th meeting of the NA Standing Committee.

The amended contents include the conditions for stock listing, the position, role and authority of the State Securities Commission, the model of the Vietnam Stock Exchange, the ownership rate of foreign investors and foreign-invested economic organizations, among others.

In the earlier discussion, members of the NA Standing Committee agreed that the charter capital to meet conditions for stock listing is 30 billion VND (1.29 million USD).

They held that it is suitable to keep the State Securities Commission under the management of the Ministry of Finance, as well as to increase in power and independence of the council.

As scheduled, the deputies will pass the bill on November 26.

In the morning, the deputies will listen to a proposal delivered by Finance Minister Dinh Tien Dung and a report by Chairman of the NA Finance-Budget Committee Nguyen Duc Hai on the verification of a draft resolution on the charge-off of tax debts, the erase of fine on late tax payment, late payment for tax payers that cannot afford State budget payment.

In the afternoon, they will have group discussions on the outcomes of the socio-economic development plan and State budget in 2019; a socio-economic development plan, State budget project in and central budget allocation plan for 2020; and a master plan on socio-economic development investment in ethnic minority, mountainous and extremely difficult areas; among others.
VNA

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