The Japan International Cooperation Agency (JICA) will carry out a project to help Vietnam improve the fairness and transparency of its stock market, according to a document on the November 5 meeting between the agency and the State Securities Commission of Vietnam (SSC) discussing the project.
Shares retreated on the Ho Chi Minh Stock Exchange on October 5 as large-cap stocks were brought down by late profit taking, signaling poor investor sentiment.
The State Securities Commission of Vietnam (SSC) terminated the operations of 28 securities companies, approved the dissolution of 5 companies, merged 8 companies in the first half of this year.
PM Nguyen Xuan Phuc has expressed his wish Nasdaq would further expand cooperation with and provide stronger assistance for Vietnamese enterprises, including VNG to list their shares on the US stock market.
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