Minister of Finance Dinh Tien Dung has requested the State Securities Commission of Vietnam (SSC), stock exchanges and related bodies to further restructure the securities market and sector management bodies and speed up the process of merging the two existing stock exchanges.
These were the key tasks assigned by Minister Dung to the securities sector early this year.
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| Two existing stock exchanges will be merged__Photo: Internet |
However, the minister said, the merger must ensure the principles of securities market development at various levels, expanded size and higher operation quality and diverse products of the market.
Dung also asked related bodies to enhance the management and supervision to ensure the publicity and transparency of entities participating in the market.
According to the Finance Ministry, capital mobilized via the securities market increased considerably to over VND 348 trillion in 2016, a year-on-year increase of 54 percent.
Of the 2016 figures, the government bond market mobilized a record amount of VND 312 trillion to the state budget and for development investment.
Government bond trading recorded a year-on-year increase of 72 percent to over VND 6.2 trillion last year.- (VLLF)
