The Ministry of Finance (MoF) will closely monitor securities transactions showing irregularities from later this month, according to Bao Viet Securities Company (BVSC).
The MoF would promptly coordinate with Hanoi and Ho Chi Minh City Stock Exchanges to evaluate, analyze and investigate transactions for the ones under suspicion. The ministry and concerned agencies will issue guidelines, remind and request listed and registered companies to trade on the stock market according to regulations.
With the management of corporate finance and privatization of SOEs, in May, the MoF will submit to the competent authorities a number of schemes and policies, including the promulgation of Regulation on management and use of support fund for business reshuffle and development; Draft Circular guiding initial public offerings (IPOs) and management of revenues from selling of enterprises; Draft Circular guiding financial handling and valuation of enterprises transferring from SOEs and 100% state-owned single-member limited liability companies (SMLLCs); Resolution on management of revenue from privatization and state capital withdrawal.
For financial market management, a number of key tasks of the MoF this month include continuing to improve the revised Draft Law on Securities, evaluating the offer for sale and issuance in accordance with regulations, closely monitoring post-sale activities to ensure compliance with regulations, and closely monitoring rapid capital raise and private placement but at the same time facilitating enterprises’ business.
In May 2019, the MoF is responsible for submitting to the government and the prime minister a total of five proposals and issuing 25 circulars. Hanoitimes