MoF announces five key plans to stabilise stock market

Saturday, May 3, 2008
Minister of Finance recently Decision No 745 governing on the action programme of implementing targets to stabilise market and curb inflation in 2008, including five key plans to stabilise the stock market.
* Implementing measures of stock market development along with limiting risks of the informal market, studying issue of regulations on share retails
* Studying to modify regulations in order upgrade standards for share offerings and sales, granting of business license to stock brokers and fund management companies.
* Amending or supplementing regulations relating to foreign investors on the stock market, operation rules of service provision, setting up of 100% foreign owned fund management companies, and measures to control foreign capital flow.
* Building up plans and measures to minimise risks and deal with the stock market depression
* Reforming the scheme of managing state capital in other businesses, joint holding of foreign investors in Vietnamese businesses, supervising financial business efficiency of economic groups and SOEs.