Business

Legislators discuss revised Law on Securities

The National Assembly Standing Committee opined on several issues related to the revised Law on Securities at its ongoing 36th session on August 12.
Legislators discuss revised Law on Securities
Legislators discuss revised Law on Securities ảnh 1At the event (Photo: VNA)

Hanoi (VNA) – The NationalAssembly Standing Committee opined on several issues related to the revised Lawon Securities at its ongoing 36th session on August 12.

At the event, Chairman of the NA’s Committeefor Economic Affairs Vu Hong Thanh delivered a report on the draft law.

He said based on deputies’ opinions gatheredat the 7th NA sitting, the committee has worked with agencies toreach an agreement on some amendments to the listing of securities, ownershiprate of foreign investors and foreign-funded economic organisations, andregistration for secured transactions of the Vietnam Securities Depositories,among other issues.

Regarding a debate on the State SecuritiesCommission (SSC)’s legal status, tasks and jurisdiction, NA Chairwoman NguyenThi Kim Ngan agreed that the SSC should be directly under the Ministry ofFinance.

The top legislator also recommendedexpanding the commission’s jurisdiction.

Agreeing with that, NA Vice Chairman PhungQuoc Hien said the decision will help stabilise the financial market, addingthat the SSC’s increased jurisdiction ought to be in line with the current lawand the Communist Party of Vietnam’s regulations.

He suggested keeping the relationshipbetween the ministry and the commission unchanged.-VNA
VNA
#National Assembly Standing Committee #NA Committee for Economic Affairs #revised Law on Securities #36th session #State Securities Commission #Ministry of Finance #Nguyen Thi Kim Ngan #Phung Quoc Hien #Vu Hong Thanh #Vietnam News Agency #vietnamplus
Follow VietnamPlus

Related News

New securities law aims to clarify procedures

New securities law aims to clarify procedures

An update on the securities law this year focuses on nine targets in the hope of giving a boost to the development of the securities market as well as the broader financial sector.
New securities law is a better fit for market

New securities law is a better fit for market

The new amended draft law on securities was revised based on the inheritance of the current Securities Law, broadening the scope of regulation and adopting a new approach more suited to market condition and overcoming the remaining limitations of the current law.

See more

Illustrative image (Photo: VNA)

Vietnam, Algeria forge stronger economic bonds

The Vietnam Trade Office in Algeria held a meeting with representatives from several Algerian trade promotion organisations and businesses on January 15 to look back on bilateral trade and chart a course for future collaborations.

Swiss-Viet Economic Forum members (Photo: VNA)

Swiss-Viet Economic Forum helps boost bilateral collaboration

The Swiss-Viet Economic Forum (SVEF) set goals for 2025, focusing on continuing to serve as a bridge to strengthen economic and cultural relations between the two countries at an event on January 15 to celebrate the first anniversary of its establishment.

Workers at a Taiwanese company in An Duong industrial part, Hai Phong city. (Photo: VNA)

Hai Phong, Quang Ninh attract 7.82 billion USD in FDI in 2024

With 7.82 billion USD in foreign direct investment lured in 2024, the port city of Hai Phong and the northeastern province of Quang Ninh continued affirming their strong attraction as the two pillars of the northern economic triangle, that includes Hanoi.

TPBank secures 120 million USD loan from JICA. (Photo courtesy of JICA)

TPBank secures 120 million USD long-term loan from JICA

The Japan International Cooperation Agency (JICA) officially signed a loan agreement with the Tien Phong Commercial Joint Stock Bank (TPBank) under the Private Sector Investment Finance (PSIF) project on January 14.

Kim Long Motor Hue JSC and Changan Automobile Group sign a cooperation agreement on building a factory. (Photo: VNA)

New passenger car factory to be built in Hue

Kim Long Motor Hue Joint Stock Company and Changan Automobile Group (China) on January 14 signed a cooperation agreement to build a passenger car factory at an industrial park in the central city of Hue that will be capable of producing 50,000 vehicles per year.

Illustrative photo (Photo: VNA)

Quang Ninh sets land clearance as priority for FDI attraction

The northern province of Quang Ninh is on a mission to cement its status as one of Vietnam's premier destinations for foreign direct investment (FDI), with a strategic focus on land clearance for industrial park infrastructure projects this year.

Deputy Prime Minister Tran Hong Ha at the 12th meeting of the national steering committee for IUU fishing prevention and control on January 14 (Photo: VNA)

Deputy PM orders enhanced fishery management tools

Deputy Prime Minister Tran Hong Ha has asked the Ministry of Agriculture and Rural Development to complete the comprehensive integration and smooth connectivity to the national fisheries database (VN-Fishbase), vessel monitoring system (VMS), and electronic traceability system (eCDT) in Q1, ensuring seamless data flow from central to local authorities, a move to clamp down on illegal, unreported and unregulated (IUU) fishing.