On the afternoon of May 18, 2022, the Central Inspection Committee officially announced the disciplinary action against collectives and individuals who are former leaders and leaders of the State Securities Commission (SSC), the State Securities Commission of Vietnam (SSC), and the State Securities Commission. Vietnam Stock Exchange (VNX), Ho Chi Minh City Stock Exchange. Ho Chi Minh City Securities Depository (HOSE) and Vietnam Securities Depository (VSD). The Ministry of Finance and the State Securities Commission will strictly abide by the conclusions of the Central Inspection Committee.
The Ministry of Finance takes the initiative in arranging and supplementing personnel for the stock market to operate stably and safely.
The Ministry of Finance said that immediately after the inspection conclusion of the Central Committee for Inspection of the Party Committee of the State Securities Commission for the 2015-2020 term was issued, the Ministry of Finance directed the State Securities Commission, the Stock Exchanges, and the Depository Center. securities, relevant units review and implement measures to remedy violations and shortcomings.
The Ministry of Finance affirmed that the violations of individuals will not affect the operation of the State Securities Commission, the Stock Exchanges, the Securities Depository Center and the securities market. The Ministry of Finance ensures the state management of securities and operates the stock market continuously, stably and safely; ensure the rights and obligations of domestic and foreign organizations and individuals participating in the Vietnam stock market in accordance with the provisions of law.
In the coming time, the Ministry of Finance will strengthen the comprehensive capacity and strengthen the organization, arrange key staff to meet the requirements of professional capacity and ethical qualities for the State Securities Commission, other agencies. The Stock Exchange, the Securities Depository Center, ensure regular, continuous and effective management and supervision of the stock market.
Simultaneously, the Ministry of Finance will direct the SSC and related units to continue implementing solutions on: perfecting the legal framework, implementing market restructuring, and improving the operational quality of institutions. intermediaries, develop a system of professional investors and improve the management and supervision efficiency of the State Securities Commission and the Stock Exchanges, and the Securities Depository Center to develop a sustainable and transparent securities market, to become a The main medium and long-term capital channel for the economy, is a long-term, safe and fair investment channel for investors.
With the macroeconomic foundation being strengthened, the Government’s policies to support socio-economic development are promoting the effectiveness, recovery and dynamism of businesses, the Ministry of Finance believes that the stock market Vietnamese securities will continue to develop stably and sustainably in the coming time.
Le Kim Lien