Politics

PM orders measures to stabilise stock, corporate bond markets

Prime Minister Pham Minh Chinh has asked ministries and agencies to take measures to stabilise the stock and corporate bond markets.
PM orders measures to stabilise stock, corporate bond markets ảnh 1Illustrative image (Source: VNA)
Hanoi (VNA) – Prime Minister Pham MinhChinh has asked ministries and agencies to take measures to stabilise the stockand corporate bond markets.

In a recent document to the ministries of public security, finance, planning and investment, andinformation and communications, the State Bank of Vietnam (SBV), and the StateSecurities Commission of Vietnam (SSC), he urged them to effectivelyand concertedly implement tasks and solutions set in the previous documentsto ensure that the markets operate in a safe, healthy and transparent fashion,and protect legal rights and interests of investors.

The ministries of finance, and planning andinvestment, and the central bank should keep a close watch on the developments ofthe domestic and foreign financial, monetary, stock and corporate bond markets totake timely measures to stabilise the markets.

They were also requested to provide mainstream andaccurate information about management policies and guidelines, the macroeconomy, and the financial and monetary system and the implementation of theeconomic recovery programme.

Businesses joining the markets must also publiciseinformation in line with legal regulations, the PM noted.  

He tasked the Ministry of Information andCommunications with the information work, stressing that those spreading inaccurateinformation detrimental the domestic markets will be strictly handled.

The Ministry of Public Security will coordinate withthe Ministry of Finance, the SBV and other agencies to supervise the stock and corporatebond markets, and handle violations./.
VNA
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