Friday, February 09, 2007

New policies may stimulate growth

A securities executive forecast that Viet Nam's stock exchange would receive an influx of new-comers with strong financial portforlio in 2007 after the Government issued a series of policies in support of the financial and monetary markets.

Bui Nguyen Hoa, Head of the HCM City Branch Office of the State Securities Commission (SSC), told a workshop on the development and integration of the Viet Nam Securities Market, that the Government has always prioritised policies to promote reforms and development of relevant markets.
These policies always aim to attract businesses from all economic sectors, ensure effective management and support sustainable development, said the bourse executive. He also unveiled a SSC's plan to work with relevant Government agencies in gearing the legal system towards an open market in line with the nation's commitments to the World Trade Organisation. SSC will take firm measures to ensure careful but flexible enforcement of financial management policies in an effort to create a stable socio-political environment in favour of investment and economic development, concluded Hoa.

Source: VNA

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