Strong individual purchasing power has been the key to the strong rebound of the Vietnamese stock market this year after it was hit twice by the COVID-19 outbreaks.
A draft decree being developed by the State Securities Commission to implement the amended Law on Securities may cause local banks to lose out on potential foreign investment.
The Ho Chi Minh Stock Exchange (HoSE)’s pre-tax profits increased 19 percent year-on-year in the first six months to 238 billion VND (10.3 million USD).
The State Securities Commission was established on November 28, 1996 in line with Decree No. 75/1996/ND-CP of the Government. The Ho Chi Minh City Securities Trading Centre was formed in accordance with a decision dated July 11, 1998.
Intermediary financial institutions instead of bond issuers should be empowered to recognise professional investors when they come to purchase corporate bonds in the secondary market, regulatory experts have urged.
It may take Vietnam two years to get upgraded to emerging market level from the current frontier market classification, VNDirect Securities Corporation said in its 2020 outlook.
A new code of conduct will be introduced in 2020 to improve the ethical standards of brokerage firms and brokers, according to the Vietnam Association of Securities Businesses (VASB).
The Presidential Office held a press conference in Hanoi on December 16 to announce the President’s order on the laws adopted at the recent eighth session of the 14th-tenure National Assembly.
The State should hold 100 percent capital at the Vietnam stock exchange, expected to be merged from the two current bourses under the revised draft Law on Securities, an official said.
The regulation on the private placement shares of a start-up company is sparking opposing public opinions as it can pose potential risks and create overlaps with other laws.
Business
XIII National Congress of Communist Party of Vietnam
