PM calls for strengthening management over stock market

Prime Minister Nguyen Tan Dung has banned individuals and institutions from organising stock transaction floors illegally in order to strengthen the management of the stock market and ensure its sustainable growth.

In his instruction issued on June 23, the PM has forbidden enterprises, which are non-Vietnamese legal entities to offer or sell securities in Vietnam, except for cases that follow the international commitment roadmap signed by the country.

He banned state enterprises from using government, investment development funds and major construction capital to make financial contributions or purchase shares of stock investment funds, including risk investment funds and securities companies.

The PM ordered that all IPOs must register with the State Securities Commission and IPO violations must be stopped and punished in accordance with the law. (VOV)