Human resource training for securities sector is important

VCN - The volatile nature of the stock market and the variety of its products and services make the training and retraining of human resources more and more important.
Specific financial management mechanism for the Stock Exchange, Vietnam Securities Depository and Clearing Center Specific financial management mechanism for the Stock Exchange, Vietnam Securities Depository and Clearing Center
Regulation on service prices in securities sector Regulation on service prices in securities sector
Strong sanctions for violations in securities sector Strong sanctions for violations in securities sector

In Vietnam and some other countries, the establishment and development of the stock market is carried out concurrently with the transformation of the economic model, from a central planned subsidized economy to a socialist-oriented market economy.

Therefore, the leaders of the State Securities Commission (SSC) in the early days of the securities market were well aware of the importance of qualified human resources for the effective operation of the market. This is a huge challenge for the State Securities Commission.

The State Securities Commission was established in 1996 and after realizing the important issue of human resources for the securities industry, the Center for scientific research and professional training on securities and securities market was established in late 1997.

It’s currently named the Securities Research and Training Center.

Training activities of the Securities Research and Training Center
Training activities of the Securities Research and Training Center

A feature of the stock market is its complex and volatile nature, which creates many opportunities for investors but also contains many risk factors.

In addition, this is a field that regularly designs new, modern and complex investment products and services to meet the diverse needs of both the supplier (public companies, listed companies) and the consumer (institutional and individual investors).

All of the above characteristics and the increasing level of capital market integration among countries make the training and retraining of human resources for the Vietnamese stock market a great challenge for the future.

Human resources in the securities industry are diversified to include managers and supervisors of the stock market; securities practitioners; investors; domestic and international organizations and experts in the field of securities research. HR training has been provided for civil servants, employees of the State Securities, Commission and managers and information is being shared with the social investors.

Providing investors with basic knowledge

According to the State Securities Commission, individual investors make up 90% of the investor base in Vietnam stock market, so training for investors has been important from the early days of the establishment with content such as organizing conferences and free training courses to provide investors with information.

Mr. Tran Van Dung, Chairman of the State Securities Commission awards the Government's emulation flag to the leading representative of the Securities Research and Training Center.
Mr. Tran Van Dung, Chairman of the State Securities Commission awards the Government's emulation flag to the leading representative of the Securities Research and Training Center.

The State Securities Commission built a website for investor training at: www.nhadautu.srtc.org.vn to provide investors with basic knowledge about investment, finance, and securities; as well as information about the market.

In addition, the corporate governance training program for managers in public companies has been organized by the center since 2009. So far, the center has organized 98 courses for over 5,067 attendees including members of the Management Board, Board of Directors, Board of Supervisors, company secretaries and other managers in public joint stock companies.

The State Securities Commission said since its establishment, the stock market has operated safely and stably and become a medium to long-term capital mobilization channel, obtaining many good results. This is one of the factors leading to the strong development of Vietnam's securities industry.

The contingent of civil servants and employees of the industry has ensured the qualifications and capacity to help the State Securities Commission realize the assigned tasks in the development, management and supervision of the stock market.

They are equipped with up-to-date knowledge and experience from developed markets to keep up with all potential risks and unpredictable movements of the market. They have working capacity when integrating with the international market.

However, besides the achieved results, HR training for the securities industry still has certain limitations.

The main challenges for HR training in the securities industry include: improving the quality of administrative human resources of the Securities Research and Training Center, improving the quality of training courses, providing new and diversified training methods to practitioners and investors, enhancing the digitization of training activities of the center to meet new requirements amid the Covid-19 pandemic.

Key orientations in training human resources have been identified. Accordingly, training contents for security practitioners will focus on knowledge, skills and practice through modern tools on the types of products and services provided by securities trading organizations to investors.

Training courses for securities practitioners will be regularly organized to introduce new knowledge and products. Bilateral and multilateral international cooperation is necessary in research and training and will work towards harmonizing the markets of countries in terms of training standards for practitioners.

By Hoai Anh/ Huyen Trang

Related News

Coconut is expected to become a billion-dollar export item

Coconut is expected to become a billion-dollar export item

VCN - Talking to the press at the ceremony to launch the first train carrying fresh coconuts to China, Mr. Luu Van Phi, Director of the Department of Industry and Trade of Tien Giang province, said that Vietnam's agricultural export potential, especially fresh coconuts, is expanding with the appearance of international railway transportation from Song Than station.
Plastic exporters interested in converting to recycling technology

Plastic exporters interested in converting to recycling technology

VCN - The Vietnamese plastics industry is facing major challenges in terms of plastic waste and recycling needs. Secretary General of the Vietnam Plastics Association Huynh Thi My (pictured) shared important information about the transformation in production of plastics enterprises to meet increasing export demands.
Trade Defense: The Key to Success for Vietnamese Businesses

Trade Defense: The Key to Success for Vietnamese Businesses

VCN - From losses and near bankruptcy, many domestic enterprises have recovered thanks to timely application of trade defense measures. Trade defense is also an effective shield for Vietnamese enterprises against a series of lawsuits from importing countries, thereby maintaining advantages and developing on "away grounds".

Latest News

Continue to handle cross-ownership in banks

Continue to handle cross-ownership in banks

VCN - The situation of excess share ownership, cross-ownership between credit institutions (CIs), CIs and enterprises, although has decreased significantly compared to previous periods, is still complicated and requires continued inspection and control.
Striving for average CPI not to exceed 4%

Striving for average CPI not to exceed 4%

VCN - According to the report of the Ministry of Finance, there are still some factors that put pressure on price levels in the remaining months of 2024, so the Ministry has updated 2 scenarios of average inflation in 2024 increasing in the range of 3.7-3.92%.
Delegating the power to the government to waive, lower, or manage late tax penalties is suitable

Delegating the power to the government to waive, lower, or manage late tax penalties is suitable

VCN - Discussing in groups about the project "1 law amending 7 laws" in the financial sector according to the program of the 8th Session on October 29, 2024, National Assembly delegates proposed that the Government should be assigned to make specific regulations on decentralization, granting the right to exempt and reduce taxes, and handling penalties for late payment of taxes...
Removing difficulties in public investment disbursement

Removing difficulties in public investment disbursement

VCN - According to the report of the Investment Department (Ministry of Finance), the estimated disbursement from the beginning of the year to October 31, 2024 is VND 355,616.1 billion, reaching 47.43% of the 2024 plan, reaching 52.29% of the plan assigned by the Prime Minister.

More News

State-owned commercial banking sector performs optimistic growth, but more capital in need

State-owned commercial banking sector performs optimistic growth, but more capital in need

VCN - According to the report sent to the National Assembly before the 8th Session of the Government on investment, management and use of state capital in enterprises nationwide in 2023, the business performance of the state-owned commercial banking sector achieved positive growth.
Stipulate implementation of centralized bilateral payments of the State Treasury at banks

Stipulate implementation of centralized bilateral payments of the State Treasury at banks

VCN - The Ministry of Finance (MOF) gathers feedback on the draft Circular regulating the management and use of accounts of the State Treasury opened at the State Bank of Vietnam (SBV) and commercial banks.
Rush to finalize draft decree on public asset restructuring

Rush to finalize draft decree on public asset restructuring

VCN - According to the Ministry of Finance, the draft Decree regulating the rearrangement and handling of public assets is being urgently completed by the Ministry of Finance to submit to the Government for promulgation.
Inspection report on gold trading activities being complied: SBV

Inspection report on gold trading activities being complied: SBV

The State Bank of Vietnam (SBV) has announced that inspections on compliance with legal policies in gold trading activities of credit institutions and gold trading businesses have been completed and an inspection report is being compiled.
Budget revenue in 2024 is estimated to exceed the estimate by 10.1%

Budget revenue in 2024 is estimated to exceed the estimate by 10.1%

VCN -The Government estimates that state budget revenue in 2024 will exceed VND 172.3 trillion, up 10.1% over the estimate, of which tax and fee revenue will reach 13.1% of GDP.
Ensure timely and effective management and use of public asset

Ensure timely and effective management and use of public asset

VCN – In order to promptly and effectively implement public asset management and use, ensuring compliance with legal regulations, the Ministry of Finance has just issued an official dispatch requesting ministries, branches and localities to comply with regulations in the Government’s Decree No. 114/2024/ND-CP dated September 15, 2024.
Accelerating decentralization in public asset management

Accelerating decentralization in public asset management

VCN - Amending the Law on Management and Use of Public Assets aims to improve regulations on accelerating decentralization and improving efficiency in management and use of public assets, and promoting financial resources, ensuring that the unified application the Law on Management and Use of Public Assets and other legal documents.
Difficulty in finding banks eligible to receive compulsory transfers

Difficulty in finding banks eligible to receive compulsory transfers

VCN - Reporting to the National Assembly, the State Bank of Vietnam (SBV) said that one of the difficulties in restructuring the credit institution system is the long process of finding and negotiating banks eligible to receive compulsory transfers.
Businesses can choose a suitable electronic invoice model generated from the cash register

Businesses can choose a suitable electronic invoice model generated from the cash register

VCN - The Ministry of Finance said that individual business households can choose a suitable model to apply electronic invoice solutions from cash registers, depending on the number of invoices used in the year, in the month and the current status of software solutions and technical infrastructure.
Read More

Your care

Latest Most read
Continue to handle cross-ownership in banks

Continue to handle cross-ownership in banks

VCN - The situation of excess share ownership, cross-ownership between credit institutions (CIs), CIs and enterprises, although has decreased significantly compared to previous periods, is still complicated and requires continued inspection and control.
Striving for average CPI not to exceed 4%

Striving for average CPI not to exceed 4%

VCN - According to the report of the Ministry of Finance, there are still some factors that put pressure on price levels in the remaining months of 2024, so the Ministry has updated 2 scenarios of average inflation in 2024 increasing in the range of 3.7-3
Delegating the power to the government to waive, lower, or manage late tax penalties is suitable

Delegating the power to the government to waive, lower, or manage late tax penalties is suitable

National Assembly delegates proposed that the Government should be assigned to make specific regulations on decentralization, granting the right to exempt and reduce taxes, and handling penalties for late payment of taxes...
Removing difficulties in public investment disbursement

Removing difficulties in public investment disbursement

VCN - According to the report of the Investment Department (Ministry of Finance), the estimated disbursement from the beginning of the year to October 31, 2024 is VND 355,616.1 billion, reaching 47.43% of the 2024 plan, reaching 52.29% of the plan assigne
State-owned commercial banking sector performs optimistic growth, but more capital in need

State-owned commercial banking sector performs optimistic growth, but more capital in need

According to the report of the Government on investment, management and use of state capital in enterprises nationwide in 2023, the business performance of the state-owned commercial banking sector achieved positive growth.
Mobile Version