Securities Commission: Particular priority is given to short-term solutions to stabilize the market
May 12, State Securities Committee said, though Vietnam stock market is still highly expected to recover and grow again in 2022 and the following years, however, in the context that the market may still have strong volatility, the management agency is giving special priority to the short-term solutions to support the market to stabilize again, reassure investors’ psychology.
The State Securities Commission, the Stock Exchanges, and the Vietnam Securities Depository also met with many market members and securities companies to assess the current situation of the market, as well as discuss discuss short- and medium-term solutions for the market to overcome difficulties and stabilize again.
“This year, there will be positive changes, which are expected to support the market to increase liquidity, as well as transparent information in the market,” a representative of the State Securities Commission informed.
In fact, after setting the highest peak in history at 1,517.95 points in the first session of the year (January 4), the VN-Index witnessed a steady decline to 1,238.84 points (closing session 12). /5).
The stock market is causing discouragement to investors when most of the stock sectors, including those of profitable businesses, are still plunging.
According to a representative of the State Securities Commission, the domestic stock market is going through a period of strong correction, due to the combined impact of domestic psychological factors and especially risks from the international market such as: The US Federal Reserve (Fed) raised interest rates sharply, unresolved geopolitical tensions, inflationary pressures, sharp increase in input prices, especially energy prices…
“We are closely monitoring the developments of the economic – political situation, policy moves of countries around the world, assessing the impact and influence on the Vietnamese stock market in order to promptly take appropriate solutions. aimed at stabilizing the domestic stock market,” said the leader of the State Securities Commission.
The domestic stock market is going through a period of strong correction. Illustration.
The State Securities Commission also actively propagates information to stabilize investor sentiment, strengthen the confidence of market participants, domestic and foreign investment public in the Party’s determination, The State, the Government and the Ministry of Finance in stabilizing the macro-economy, developing a transparent, public, safe and efficient stock market.
As for mid- and long-term solutions, the State Securities Commission’s leader said that the management agency is actively completing the legal framework for the stock market, completing the building of a stock market development strategy. securities market to 2030 to clearly define goals, solutions and long-term roadmap for stock market development.
At the same time, reviewing, evaluating and summarizing to recommend the shortcomings in the legal framework on securities and the securities market, including the Law on Securities and the system of guiding documents, especially regulations on transparency of corporate information, rights and responsibilities of participants, sanctions for violations of the law on the stock market to protect investors, thereby restoring confidence and ensure the healthy, transparent and sustainable development of the market.
In the coming time, the State Securities Commission will have more solutions to improve the operational efficiency, quality of service provision, financial capacity, and professional ethics of service providers on the Internet. market, especially securities companies, independent auditing companies, fund management companies, operation of the system of asset valuation companies, credit ratings, accounting and auditing.
The State Securities Commission also closely manages and supervises, at the same time, facilitates and promotes the role of these organizations to provide transparent, safe and effective services for both issuers and Investors.
For foreign capital flows, in addition to solutions to attract the participation of foreign investors, the State Securities Commission is also speeding up solutions to shorten the process of upgrading Vietnam’s stock market. from marginal to emerging.
Although the upgrade will depend greatly on market rating organizations, however, the State Securities Commission is coordinating with relevant agencies to agree on solutions, map out a clearer roadmap, and strive to improve the quality of service. The highest level of competition to expect that the Vietnamese stock market will be upgraded as soon as possible, reaching the target set by the Government.
In addition, the State Securities Commission will strengthen propaganda and investor training, to increase the knowledge base of finance and securities, and support investors to participate in the stock market safely and professionally. than.
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