Thursday, August 17, 2017 - 2:41:44

Vietnam’s stock market to be restructured

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The State Securities Commission (SSC) will gradually restructure the stock market in 2011 by improving the listed, OTC and government bond markets.

This proposal was put forward at a meeting designed to embark on tasks to develop the stock market in 2011 in Hanoi on February 24.

The SSC will increase its listing standards to improve the quality of the stock market and its sustainability, while expanding the OTC market to reduce activities on the unofficial market.

In 2010, the stock market’s capitalisation had reached 726 trillion VND (33.76 billion USD), a year-on-year increase of 17.1 percent and accounted for 39 percent of GDP.

The total amount of traded stocks on both the Ho Chi Minh Stock Exchange and the Hanoi Stock Exchange valued at 620 trillion VND.

Investors have so far opened 1.1 million accounts in the market./.
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