Business

Securities sector sets forth measures to develop market

Vietnam’s economic growth rate is expected to reach 6.6-6.7 percent this year, which is an important factor supporting the stock market,
Securities sector sets forth measures to develop market ảnh 1Chairman of the State Securities Commission (SSC) Vu Bang (Source :Bnews)

Hanoi (VNA) – Vietnam’s economic growth rate is expected to reach 6.6-6.7 percent this year, which is an important factor supporting the stock market, said Chairman of the State Securities Commission (SSC) Vu Bang at a conference to put forward market development tasks in Hanoi on January 22. 

According to Bang, a thriving world economy and the signing of free trade agreements will facilitate the flow of trade on the global scale. 

Therefore, to develop the market in 2016, the commission will implement measures to increase the capacity, competitiveness and efficiency of securities organisations, unfreeze foreign investment flows, and improve the operational efficiency of the market. 

During the 2016-2020 period, measures will be focused on increasing the scale and liquidity of the market, and improving the efficiency of the market by bettering operations at the Hanoi Stock Exchange, the Ho Chi Minh Stock Exchange, and the Securities Deposit Centre in accordance with international practices, said SSC Vice Chairman Nguyen Thanh Long. 

To raise the competitiveness of the stock market during the international integration process, the commission will continue restructuring the security organisation system. 

It will allow foreign securities organisations to establish branches in Vietnam to provide services and attract foreign investors, while guiding listed companies to issue stocks and depository receipt s (DRs) to be listed on the international market.-VNA

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