The State Securities Commission (SSC) has carried out measures to strengthen the domestic stock market after the current strong fluctuations.
A trial run of a stock trading system from the Republic of Korea with securities companies will be conducted after the Tet (Lunar New Year) holiday, said Tran Van Dung, Chairman of the State Securities Commission of Vietnam (SSC).
The State Securities Commission (SSC) will soon launch an electronic one-stop information disclosure system for the stock market, news site tinnhanhchungkhoan reported on Thursday.
As the covid-19 epidemic has been escalating, the market capitalization value has been sliding. Market losses have reached $44 billion.
In addition to promulgating legal documents to ensure the enforcement of the amended Securities Law, the State Securities Commission (SSC) will put the new transaction system into operation and consolidate the corporate bond market.
The prospect of the Vietnamese stock market this year will be brighter, with profits of listed firms in 2020 likely to increase by 18% against 2019 while the VN-Index may rise by 20.7%.
If Vietnam’s proportion in MSCI market increases by 3 percent, the stock market can expect to receive VND1.5 trillion more worth of capital, analysts say.
A number of securities companies now are earning big money from corporate bonds.