Prime Minister: Strictly handle violations on securities and bond issuance
Violations related to securities, corporate bond issuance or real estate need to continue to be checked, prevented and handled to make the market healthy.
The above view is expressed by the Prime Minister Pham Minh Chinh mentioned at the online conference on socio-economic, allocation and disbursement of public investment capital, on April 5.
In the first three months of the year, the economy “closed” with many positive indicators, such as GDP growth reaching 5.03%, but there were also some shortcomings. Domestically, the internal difficulties of the economy revealed themselves when the situation changed. Real estate, securities, issuance corporate bonds… are emerging violations, which need to be handled and rectified.
“The Government has directed functional agencies to drastically handle violations in the fields of real estate, the stock market, and the issuance of corporate bonds. It is necessary to continue monitoring and inspecting to prevent and handle violations. rationalize and make the market healthy”, emphasized the Prime Minister.
Regarding the securities sector, last week the investigating agency prosecuted and detained the former chairman of FLC . Trinh Van Quyet accused of “manipulating stock prices”.
In the field of corporate bond issuance, yesterday (April 4), the Securities and Exchange Commission announced the cancellation of nine bond issuances of the Group. Tan Hoang Minh from July 2021 to present due to “hiding, disclosing false information”. The value of 9 bond issuances of this enterprise is more than 10,000 billion dong.
Prime Minister Pham Minh Chinh chaired a meeting on economic recovery and disbursement of public investment capital. Photo: VGP
Regarding the allocation and disbursement of public investment capital, as reported by the Ministry of Planning and Investment, is still slow. By March 30, more than 466,000 billion VND had been allocated, accounting for 90% of the capital assigned by the Prime Minister, and 10% of public investment capital had not been allocated, nearly 52,000 billion VND.
29 ministries and agencies have not yet disbursed the 2022 budget investment plan. There are 4 ministries and 15 localities with a disbursement rate of over 20%, of which some ministries and localities have a disbursement rate of over 20%. 25%.
The reason for the delay, according to the Ministry of Planning and Investment, is that a number of new construction projects are in the process of completing bidding procedures and negotiating contracts. In addition, the increase in the price of materials, construction materials, iron and steel, sand and stone, cement… has affected the construction progress of the projects, because the construction contractor will suffer a loss compared to the winning bid.
However, the planning agencies said that the leaders of the ministries, branches and localities must be responsible for the delay in disbursement, causing waste.
This year is forecasted to still have many challenges, Prime Minister Pham Minh Chinh asked ministries and branches to “highly determine, make great efforts, only to achieve the goals and tasks set for 2022 and the period 2021-2025”. .
He noted that ministries and sectors should speed up the implementation of strategic transport infrastructure projects, and allocate and disburse public investment capital to ensure the focus, focus, and avoid spreading, scattering, and prolonging…
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