Foreign investors bought more Vietnamese stocks than they sold in January, snapping a month-long streak as net buyers after offloading shares in the last five months of 2019.
The 14th National Assembly discussed the draft amended securities law during a plenary sitting on October 22, the second working day of the 8th session.
National Assembly (NA) deputies will have a plenary discussion on October 22 focusing on the draft revised Securities Law as part of their ongoing eighth session.
Vietnam remains in the FTSE Russell’s watch list for a possible future upwards reclassification, according to the annual country classification review published by the UK-based data service provider.
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.
PM Nguyen Xuan Phuc has issued a directive, requesting strong enforcement of Resolution No. 35/NQ-CP dated May 16, 2016 on enterprise development policy to 2020.
The Government and the State Securities Commission plan to carry out key measures to develop the stock market in a rapid and effective but safe manner, Minister of Finance Dinh Tien Dung has said.
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.
The Ministry of Finance is drafting a document for the next generation Law on Securities in an effort to complete legislation for the securities market.
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