Prime Minister Nguyen Tan Dung has asked relevant agencies to increase their management and take appropriate measures to ensure a stable and sustainable development for the Vietnamese stock market.
"State management agencies, especially the Ministry of Finance (MoF), the State Bank of Viet Nam (SBV) and the Viet Nam Securities Commission (SSC), are required to strengthen their management and take appropriate measures for every specific period of time in order to provide stability for the stock market and prevent speculation activities from affecting the national economy," the PM said on Mar. 10 while working with the SSC.
The government leader also stressed the need to increase the stock market's transparency and to thwart the overheated increase of share prices which, he said, will cause losses for investors and make adverse impacts on the national economy.
He asked the SSC to closely monitor the stock exchange to make sound analyses and assessments and learn regional countries' management and market rules to help minimise risks for the country's stock exchange.
The SSC is also required to quickly upgrade information technology facilities, boost training for its staff and provide training on securities for the public, he said.
There are 193 listed firms, 55 securities brokerage companies and 18 fund management businesses operating on the stock exchanges.
Source: VNA mekong capital equity vinacapital
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