Strict legal corridor to be created for open and transparent securities market
VNGOVNet – PM Nguyễn Tấn Dũng stressed so on February 27 when delivering his opinions about solutions to tighten the management over securities market.
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According to the PM, Vietnam’s stock market is developing rapidly to become an important channel for investment mobilization. To help this market develop in a rapid, sound and sustainable way and ensure legal interests of domestic and foreign investors, an urgent requirement now is to perfect legal system and management apparatus as well as further market monitoring activities.
The PM ordered the Ministry of Finance, State Securities Commission, State Bank of Vietnam and the relevant agencies to promptly issue or submit to the competent bodies to issue documents to instruct the implementation of the Law on Securities, Ordinance on Foreign Exchange and other related documents.
The National Advisory Council for Financial and Monetary Policies was assigned to study international experience, analyze and predict market ups and downs to suggest the Government synchronous solutions to ensure the fast and sustainable development of securities market and avoid negative changes which can cause socio-economic instability.
The Ministry of Finance, State Bank of Vietnam and the relevant agencies shall take proper measures to reduce inflation pressures, stabilize currency value, and prevent speculation.
By Hồng Phương
(Source: Document 997/VPCP-KTTH)
