The State Securities Commission’s draft circular to replace an older one on the guidelines for securities trading is in line with modern trends, perfecting financial products and their diversities, adjusting trading time to suit the needs of domestic and foreign investors, said an expert.
The Government’s Decree 81, which comes into effect on September 1, will help raise the corporate bond market standards and remove low-quality issuers to better protect investors.
Trading on the Vietnamese securities market was essential and would not be disrupted under any circumstances during the fight against COVID-19, the State Securities Commission (SSC) said on March 31.
The prospect of the Vietnamese stock market this year will be brighter, with profits of listed firms in 2020 likely to increase by 18% against 2019 while the VN-Index may rise by 20.7%.
Two auditing firms were graded “Good” by the State Securities Commission (SSC) regarding the quality of their services in 2019, while eight others were deemed “Acceptable”.
A sustainable stock market would help drive Vietnam’s economic growth and serve the nation, said Minister of Finance Dinh Tien Dung.
Though the current legal regulations allow foreign investors to fully own a local firm, the investors still face hindrances to pour funds into some conditional business lines.
Global provider of benchmarks, analytics and data solutions FTSE Russell last week kept Vietnam on its watch list as a frontier market.
Vietnam plans to launch new rules that make it easier for foreign-invested enterprises to list on domestic stock markets, amid necessity to draw in international capital.
The Japan International Cooperation Agency (JICA) and the State Securities Commission (SSC) on June 20 jointly held a seminar to launch the “Project for Capacity Building on Improving Fairness and Transparency of Vietnamese Equity Market”.
Covered warrants, which will be traded on the Ho Chi Minh Stock Exchange (HOSE) from this month, are expected to attract a large number of investors since they have lower investment costs and can be leveraged more than conventional financial products, heard a recent seminar in HCM City.
VOV.VN - The Ministry of Finance has stressed on the need to speed up the equitisation process of state-owned enterprises (SOE) while promoting transparency and market principles.
The net value of foreign capital flowing into Vietnam's equity market in 2018 hit US$2.8 billion, according to State Securities Commission vice chairman Pham Hong Son.
Vietcombank, Vietnam's largest bank by market cap, has received permission from the securities watchdog to sell a 3% stake to foreign investors.
The Saigon Beer-Alcohol Beverage Corporation (Sabeco) early this week announced that it received an official letter from the State Securities Commission approving unrestricted foreign ownership at the largest beverage company in Vietnam.
The new amended draft law on securities allowing full foreign ownership at public companies and investment funds would help Vietnam’s securities market be included in the Morgan Stanley Capital International (MSCI)’s review list for a potential reclassification to Emerging Markets status.
The State Securities Commission (SSC) will enhance the quality of securities firms by shutting down and revoking licences of financially-weak companies to ensure the sector is healthy.
Cyber security risks could lead to trillions of dollars in economic losses to businesses, said Tran Van Dung, Chairman of the State Securities Commission.
The State Securities Commission (SSC) has required relevant companies and funds not to engage in any issuance, transaction or brokerage activities related to cryptocurrencies.
The State Bank of Vietnam (SBV) has decided to push ahead with restructuring the banking system, applying stricter measures to effectively prevent cross-ownership at commercial banks.