Deputy Minister Nguyen Duc Chi said that this year’s securities sector focused on operating a stable and smooth system, avoiding slow errors.
During the opening ceremony of the early spring of 2025 at the Ho Chi Minh Stock Exchange (HOSE), trying to finance Nguyen Duc Chi stated 5 key tasks of the industry for this year. First, must complete the documents guiding the implementation of the Securities Law as soon as possible, continue to reform administrative procedures.
The management agencies must ensure smooth and safe operation for the stock market. Responsibility belongs to HOSE, Hanoi Stock Exchange (HNX) and securities depository and clearance Corporation (VSD). The Deputy Minister added that the new information technology system (KRX) has come to the final test step and are determined to operate this year.
“The securities industry must try so that there is no complaint with ‘so slow’ or ‘so long’, not letting investors and businesses lose opportunities for transactions, capital mobilization, listing,” said Duc Chi. strong.
Deputy Minister said that it was impossible to postpone further upgrade. Accordingly, the management agencies and listed enterprises need to be responsible and quickly implement the regulations to avoid missing the opportunity to attract more capital when Vietnamese stocks become emerging markets.
The parties participating in the market should voluntarily comply with the regulations to keep the discipline. He said the regulator will not tolerate any manipulation or profit in the market. This year, the Ministry of Finance will require strengthening inspection to early detect, prevent and sanction violations.
Another key task is to create more high quality goods to attract more investors. In particular, Mr. Nguyen Duc Chi said that it is necessary to remove the “listing” thinking, the management agency needs to find and support businesses that are eligible for them to be listed.
The spirit of this year is to create maximum conditions for businesses to go to the stock market, the management agency will comply with regulations but not delay procedures. At the same time, businesses also need to proactively comply with the regulations for listing as soon as possible.
“I commit that the State Securities Commission and the Ministry of Finance will be the leader to develop the market, but also need the cooperation of the parties involved from the trading departments, the Corporation deposited and compensated Except for securities, member securities companies and investors, “the Deputy Minister said.
At the ceremony, Ms. Vu Thi Chan Phuong, Chairman of the State Securities Commission (SSC), also said she would ensure smooth and safe market operation. At the same time, this agency will support businesses in the listing process. She also pledged the stock market to be upgraded early.
Commenting on this, the General Director of a securities company in Ho Chi Minh City appreciated all 5 focus that the Ministry of Finance set for the industry for both condensed and specific. Although the market can be affected by the global trade war or the net selling trend of foreign investors, he thinks that VN-Index still has good growth.
The forecast is made based on the government’s determination in stimulating economic growth and planning of the management agency in the direction of the securities industry and more importantly, the potential for corporate profit growth. This year, this securities company calculates profits, listed businesses can increase by about 18%, creating a great motivation for the stock market performance.
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