State Securities Commission urged to attract more foreign investors

14:33 | 06/05/2016 Finance - Banking

State Securities Commission (SSC) should create all favourable conditions for enterprises and investors, particularly attracting the extensive participation of foreign investors to Vietnam’s stock market.

State Securities Commission urged to attract more foreign investors

Deputy PM Vuong Dinh Hue speaking at the working session with the SSC (Credit: VGP)

The requirement was made by Politburo member and Deputy Prime Minister Vuong Dinh Hue during his working session with the SSC in Hanoi on April 27.

Addressing the working session, Deputy PM Hue appreciated the significant development of the domestic stock market over the past five years, contributing to increasing the liquidity and transparency of financial market.

He also said that with the strong determination of developing the country, the mobilisation of all resources in addition to state budget is very necessary. All ministries and branches should be fully aware of the stock market to complete the legal basis, institutions and infrastructure to make the stock market an important capital mobilisation channel for the national economy.

The Deputy PM noted that the Government would continue to promote the equitisation of state enterprises in both quantity and quality as well as improve management capabilities of enterprises in order to create abundant product resources, contributing to developing this market.

He asked the SSC to accelerate its administrative procedure reform, strengthening civil servants and standardisation of the offices.

Over the past five years, Vietnam’s stock market has mobilised more than VND1.2 trillion, four times higher than the 2006-2010 period, with an average contribution of 23% to total social investment capital./.

 

Source: NDO

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