HÀ NỘI — 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 in line with the overall development scheme of the broader financial sector. The 2006 Securities Law took effect on January 1, 2007 and was amended in 2010. After 10 years of modifications, experts have called on more amendments to meet demand for more sophisticated securities market. The new law also sets targets to diversify products on the securities market and improve conditions for offering securities. SSC’s chairman Vũ Bằng in a meeting early this year said the new generation Securities Law are expected to facilitate foreign investments and overcome obstacles from Law on Investment.

Source: Viet Nam News February 03, 2017 03:40 UTC