Chairman of State Securities Commission: Investors should stay calm

On March 31, discussing with the press related to the incident at FLC, Mr. Tran Van Dung – Chairman State Securities Committee The unit will continue to closely coordinate with the investigating agency in accordance with its functions and authority in the spirit of respecting the law, ensuring discipline, law and transparency of the market. Besides, Mr. Dung also advised investors to stay calm because the market is still developing sustainably due to good macro and internal fundamentals.

Mr. Tran Van Dung said that the stock market is likened to a market of information and trust. Therefore, when relevant information appears, it will more or less have an impact on the market and investor sentiment in both positive and negative directions.

The information related to Mr. Trinh Van Quyet is therefore difficult to avoid the psychological impact on investors. However, Mr. Dung said that these impacts on the stock market are only short-term and not too large because the capitalization value of FLC, as well as the companies in the FLC ecosystem, account for a small value in the market. school; accounting for about 0.16% and 0.35% of the total market capitalization, respectively.

Therefore, investors should calm down to have an objective perspective, analyze and fully recognize the macro factors and actual operations of enterprises to be cautious in investment decisions.

Although there may be many fluctuations due to objective factors, Vietnam’s stock market is still positively evaluated from the fundamentals of macroeconomics and good internal factors.

According to newly released official data, in the first quarter of 2022, the domestic macroeconomic indicators are still very positive and Vietnam is still highly appreciated by major international financial institutions for growth. economic growth this year.

Interest rates are under pressure to increase, but the State Bank basically maintains a stable monetary policy to support economic growth. The pressure on inflation is there and cannot be subjective, but Vietnam still has a lot of room to control within the set target.

Regarding the internal market, the business results of enterprises are still positive in the context of the strong impact of the COVID-19 epidemic. Besides, Vietnam’s stock market still has many other supporting factors such as: cash flow, expectation of upgrading to emerging market, equitization and divestment are promoted…

Although there may be many fluctuations due to objective factors, Vietnam’s stock market is still evaluated positively. Illustration.

Chairman of the State Securities Commission Tran Van Dung said that right after the Investigation Police Agency of the Ministry of Public Security announced the official decision to prosecute the criminal case, the decision to prosecute the accused, the Mr. Trinh Van Quyet, Chairman of the Board of Directors of Joint Stock Company, was detained FLC Group Because of the act of manipulating the stock market, the State Securities Commission immediately met to carry out the next work according to its assigned competence, functions and tasks.

The State Securities Commission has requested FLC Group Joint Stock Company to disclose information in accordance with regulations and report to the State Securities Commission and the Stock Exchange in accordance with the law.

At the same time, on the evening of March 29, the State Securities Commission also announced the official information on its website and sent to news agencies and press the decision to prosecute the accused and arrest Mr. Trinh Van Quyet. of the Investigative Police Agency of the Ministry of Public Security.

In the information released, the State Securities Commission also recommended investors to calm down, analyze and fully recognize the macro factors and actual operations of enterprises to be cautious in making decisions. invest.

Regarding this case, the leaders of the Ministry of Finance also gave drastic, clear and specific instructions to the State Securities Commission and related agencies and units under the Ministry of Finance.

“Leaders of the Ministry of Finance have asked us to continue to closely coordinate with the investigating agency, in the spirit of respecting the law, strictly complying with the provisions of the law, maintaining discipline, discipline and transparency. transparency of the stock market,” said the chairman of the State Securities Commission.

As for the regulatory agency, under the direction of the Ministry of Finance, in addition to important solutions for the stable development of the stock market, the State Securities Commission will continue to enhance transparency and discipline. , discipline, support to promote market sustainability in 2022 and the coming years.

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