HÀ NỘI — The Ministry of Finance (MoF) and other agencies are required to carry out necessary tasks to swiftly upgrade the Vietnamese stock market from a frontier to an emerging market, according to an official dispatch issued by the Prime Minister. 86/NQ-CP to help the Vietnamese stock market develop in a safe, transparent, efficient, and sustainable manner. The ministry has to take immediate action to raise the standard of products offered in the stock market and boost the effectiveness of securities firms, fund management firms, and market players. Authorities also have to step up inspections, exams, and oversight to crack down on stock market violations, follow the laws and rules, while staying alert, issue warnings on time, and have backup plans to handle potential risks, ensuring a secure, reliable, and transparent stock market. Additionally, the SBV will collaborate with the MoF and the SSC to manage monetary and fiscal policies, ensuring the development of the stock market and the synchronicity between the money market, capital market and stock market.

Source: Viet Nam News December 16, 2023 13:49 UTC