Do not criminalize economic relations, create conditions for enterprises to correct mistakes

Facing the recent fluctuations of the stock market, especially the deep drop on April 25, in response to the press, Minister Ho Duc Phuc once again emphasized that the stock market is a channel for mobilizing capital. medium and long-term capital is very important for the economy.

According to the Minister, on the afternoon of April 25, the Ministry of Finance also worked with the State Bank, the Ministry of Public Security and related agencies; At the same time, he affirmed that recently there have been many false rumors that were not released by the authorities.

“These rumors caused the stock market to shake and drop. This is very unfortunate,” Phuc said.

Minister of Finance Ho Duc Phuc

Minister Ho Duc Phuc emphasized that the Ministry of Finance has also issued policies to protect the interests of investors, even investors or businesses that have made mistakes, it also creates conditions to correct the violations in order to protect the interests of investors. stabilize production and business. Ensuring the interests of shareholders as well as jobs for employees, thereby helping the business to develop again.

“Pre-room – post-check”

Regarding the Government’s point of view not to criminalize civil and economic relations, the leader of the Ministry of Finance said that the purpose of state agencies is to ensure the healthy development of the stock market, demonstrating the transparent, protect the interests of investors, the interests of enterprises and issuers operate equally and transparently.

“The Ministry of Finance has worked with relevant agencies such as the State Bank of Vietnam and the Ministry of Public Security to discuss solutions to stabilize the capital market, financial market and stock market, contributing to promoting the growth of the economy. development of the economy. Thereby, we agreed not to criminalize economic relations,” said Minister Ho Duc Phuc.

Ong Phuc emphasized that the recent events are a wake-up call for the market to return to stable operation, ensuring a healthy and fair business in the market.

Currently, the Ministry of Finance has issued relevant solutions and regulations so that investors participating in investment can choose, consider and take responsibility for their investment. In addition, the issuers must comply with the provisions of the law, avoiding price manipulation in the market. Auditing firms must ensure the most accurate and correct audit reports.

In other words, the Ministry of Finance is taking both direct and indirect measures. Auditing companies directly check the audit work of the issuers, and at the same time re-examine the auditing companies that have audited the businesses. If violations are found, the license will be withdrawn and independent audit units will be dealt with irresponsibly, allowing errors to occur.

“We believe that the handling of violations is individual and individual. This is an action to protect the interests of investors and issuers. The Ministry of Finance will closely monitor the issuance process as well as the issuance process. such as transactions on the stock market. When detecting inadequacies and risks, the inspection, examination and handling will be organized in accordance with the provisions of the law”, the Minister emphasized.

Minister Ho Duc Phuc said that the Ministry of Finance will apply the “pre-check – post-check” solution to protect investors’ interests.

Minister Ho Duc Phuc said that the Ministry of Finance will closely follow the provisions of the law to prevent mistakes and handle violations. The Ministry of Finance will come up with solutions to prevent, that is, “pre-check – post-check” to protect the interests of investors and companies operating on the stock market in an equal, transparent and fair manner. has the most correct value.

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