Stock market receives a boost
(VOV) - A plan to support the crippling stock market was submitted to the Finance Ministry on January 2.
In its plan, the State Securities Commission (SSC) has proposed major solutions, including those for increasing market commodities, supporting businesses that want to list shares on the bourse, and attracting foreign investment, besides technical solutions.
To assist listing businesses, the SSC has proposed solutions to taxation and the issuance of shares below the actual denominations.
Meanwhile, technical solutions will help improve the liquidity of the stock market by raising the trading margin for both Hanoi and HCM City stock exchanges.
The Vietnam Economic Times quoted an SSC expert, saying there will be a “breakthrough” in share ownership by foreign investors to increase market attractiveness.