Handle violations to create healthy and transparent environment for stock market

VCN – The membership meeting on the development of the stock market was chaired by the leader of the Ministry of Finance Ho Chi Minh City Stock Exchange (HOSE) on July 28.
Vietnam stock market Vietnam stock market"s outlook still bright in second half of 2022
Việt Nam among world's worst performing stock markets in first half Việt Nam among world's worst performing stock markets in first half
WB, FTSE Russell pledge regular coordination in upgrading Vietnam WB, FTSE Russell pledge regular coordination in upgrading Vietnam"s stock market
Handle violations to create healthy and transparent environment for stock market
Deputy Minister of Finance Nguyen Duc Chi meets with members of stock market.

In 2021, the strong growth of liquidity in the market required a solution to handle the overload of the trading system at HOSE. The State Securities Commission, HOSE and FPT Joint Stock Company of Sovico Group coordinated the overload and provided a solution into the system’s operation, meeting the liquidity needs of the market.

A year on from implementation, the solution for anti-order congestion satisfied the trading needs of the market. The leading members of the Stock market as Sovico Group, Dragon Capital Vietfund Management (DCVFM), HSC Securities Joint Stock Company, SSI Securities Joint Stock Company and VNDirect Securities Joint Stock Company coordinated with the HOSE and FPT (FIS) to maintain and operate the solution towards the goal of stable, safe and effective operation of the market. DRAGON CAPITAL VIETFUND MANAGEMENT (DC

Speaking at the meeting, Deputy Minister of Finance Nguyen Duc Chi praised the great efforts and contribution by the members for the market’s development in aspects. The members increasingly showed the high professionalism and long-term cooperation to the development of Vietnam's stock market.

Handle violations to create healthy and transparent environment for stock market
Deputy Minister of Finance Nguyen Duc Chi.

“The achievements of the Stock market, the solidarity, sharing and companionship of the members with the Ministry of Finance, regulatory agencies, stock exchanges are key role in policies and direction of stock market development of the Party, the State and the Government,” Deputy Minister Nguyen Duc Chi said.

At the meeting, the Deputy Minister expressed his belief and expectation for the development of Vietnam's stock market in the near future. After the rapid growth during Covid-19 pandemic, from the early year, the Vietnam’s stock market has adjusted to a downward trend.

However, the Deputy Minister said: “Vietnam’s economy shows the strong restoration, especially the high growth rate of the GDP, which is expected to be remain in the foreseeable. The inflation pressure is still large and should be controlled. However, Vietnam’s inflation index is still within the target. The State budget revenue still grew positively while implementing many support programs for economic recovery. Enterprises listed on the market showed a sustained recovery and positive growth in business results. These fundamental factors will actively support the Vietnamese stock market to recover and grow more sustainably in the near future.”

The Ministry of Finance and relevant agencies commit to creating all the most favorable conditions to support the stock market’s growth. Regarding the information technology infrastructure for the market, the KRX system has been quickly installed so the members can believe in the official operation in the near future. In addition, the ministry has proposed to build more other technology projects, meeting the long-term development needs of the market in the future.

The Deputy Minister affirmed that the management agency must strictly handle violations in the market to create a healthy and transparent stock market, facilitating the legitimate members, enterprises and investors.

In addition, the Ministry of Finance has directed units to implement solution to improve the legal framework, create new and quality products, and promote the upgrading process for stable and transparent development of the stock market.

By Hien Nguyen/Ngoc Loan

Related News

Vietnam

Vietnam's stock market to develop strongly and sustainably

VCN - This was emphasized by Minister of Finance Nguyen Van Thang at the Conference to review the work of 2024 and deploy the work of 2025 of the State Securities Commission (SSC) held on the afternoon of December 18.
The capital market will see positive change

The capital market will see positive change

VCN – Vietnam’s capital market has more balanced, harmonious and sustainable. However, besides the achievements, the market still faces many potential challenges. In order for the capital market to become an effective and sustainable capital mobilization channel, further improving the quality of goods and diversifying investors in the market is a key direction.
Preventing e-invoice fraud amid e-commerce boom

Preventing e-invoice fraud amid e-commerce boom

VCN - The situation of illegal invoice trading is extremely complicated, especially in the context of e-commerce growing. This not only negatively affects legitimate businesses but also causes many other losses to the economy.
Transparency evates the standing of listed companies

Transparency evates the standing of listed companies

VCN - According to the Hanoi Stock Exchange (HNX), the number of companies placed under warning, control, or restricted trading on the listed and registered markets has increased over the past two years compared to 2022.

Latest News

Ensuring financial capacity of bonds issuers

Ensuring financial capacity of bonds issuers

VCN - The Ministry of Finance is finalizing the draft Decree amending and supplementing Decree No. 155/2020/ND-CP detailing the implementation of a number of articles of the Securities Law. The amendment aims to continue to perfect the legal framework and overcome some shortcomings arising in the practice of the securities market.
Finance ministry announces five credit rating enterprises

Finance ministry announces five credit rating enterprises

One more company has been granted the certificate of eligibility since August.
Corporate bond issuance value rises by 60 per cent

Corporate bond issuance value rises by 60 per cent

In the first 11 months of 2024, the total value of corporate bond issuances reached nearly VNĐ403 trillion, a 60 per cent increase year-on-year.
Slower mobilization than credit may put pressure on interest rates

Slower mobilization than credit may put pressure on interest rates

VCN - According to the latest data from the State Bank of Vietnam (SBV), deposits in the banking system as of the end of September 2024 reached more than 14 million billion VND, an increase of 4.9% compared to the beginning of the year, but the rate was still slower than credit, which could put pressure on interest rates.

More News

Fed’s foreseen rate cuts affect foreign exchange rate

Fed’s foreseen rate cuts affect foreign exchange rate

After the Fed’s move, the US dollar index (DXY) on December 19 hit nearly 108, the highest level in the past year.
Untying the knot for green finance

Untying the knot for green finance

VCN - Green finance is a crucial resource for greening businesses. Completing the policy framework for green finance is urgently needed to unlock this capital flow.
Ensuring efficiency and transparency in use and management of houses and land at State enterprises

Ensuring efficiency and transparency in use and management of houses and land at State enterprises

VCN - According to the Ministry of Finance, the issuance of Directive on strengthening management, improving the efficiency of use and handling of houses and land at State-owned enterprises to ensure the effective management, use and handling of houses and land for the right purposes, and to avoid loss and waste.
Tax sector achieves revenue target of about VND1.7 million billion

Tax sector achieves revenue target of about VND1.7 million billion

VCN – Motivated by the revenue collection by the end of December 2024, the General Department of Taxation has accomplished the revenue collection.
General inventory of public assets raises efficiency of use and management of country

General inventory of public assets raises efficiency of use and management of country's resources

VCN – The implementation of the General Inventory Project by the Ministry of Finance, ministries, central and local agencies has ensured progress according to Project 213 and the plan issued by the Ministry of Finance. This is the information provided by a representative of the Department of Public Asset Management (Ministry of Finance) at the press conference on the implementation of the General Inventory Project of public assets organized by the Ministry of Finance on the afternoon of December 18.
Publicizes progress of public investment disbursement for important national projects

Publicizes progress of public investment disbursement for important national projects

VCN – Important national projects, inter-regional transport projects, riverbank and coastal erosion treatment projects all have disbursement rates lower than the estimated average disbursement rate of the whole country, the Ministry of Finance said.
Six SOEs to be transferred back to industry ministry

Six SOEs to be transferred back to industry ministry

Six State–owned enterprises (SOEs) with a total State stake of 800 trillion VND (31.5 billion USD) will be transferred back to the Ministry of Industry and Trade (MoIT) after six years under the management of the Commission for the Management of State Capital at Enterprises (CMSC).
PM urges stronger measures to manage interest rates

PM urges stronger measures to manage interest rates

Prime Minister Pham Minh Chinh has asked the State Bank of Vietnam (SBV) to proactively, flexibly, promptly, and effectively manage the monetary policy in combination with the expansionary fiscal policy and others.
Six SOEs to be transferred back to industry ministry

Six SOEs to be transferred back to industry ministry

Six State–owned enterprises (SOEs) with a total State stake of 800 trillion VND (31.5 billion USD) will be transferred back to the Ministry of Industry and Trade (MoIT) after six years under the management of the Commission for the Management of State Capital at Enterprises (CMSC).
Read More

Your care

Latest Most read
Ensuring financial capacity of bonds issuers

Ensuring financial capacity of bonds issuers

VCN - The Ministry of Finance is finalizing the draft Decree amending and supplementing Decree No. 155/2020/ND-CP detailing the implementation of a number of articles of the Securities Law. The amendment aims to continue to perfect the legal framework and
Finance ministry announces five credit rating enterprises

Finance ministry announces five credit rating enterprises

One more company has been granted the certificate of eligibility since August.
The capital market will see positive change

The capital market will see positive change

VCN - The capital market is an important component of the financial market that provides medium-and long-term capital, contributing to effectively mobilizing and allocating resources and creating an essential material foundation for the grow of national e
Corporate bond issuance value rises by 60 per cent

Corporate bond issuance value rises by 60 per cent

In the first 11 months of 2024, the total value of corporate bond issuances reached nearly VNĐ403 trillion, a 60 per cent increase year-on-year.
Slower mobilization than credit may put pressure on interest rates

Slower mobilization than credit may put pressure on interest rates

According to the latest data from the State Bank of Vietnam (SBV), deposits in the banking system as of the end of September 2024 reached more than 14 million billion VND
Mobile Version