Mr. Le Hai Tra was expelled from the Party, the Ministry of Finance ensured the stability of the stock market
On the afternoon of May 18, the Central Inspection Committee officially announced the disciplinary measures against collectives and individuals who are former leaders and leaders of the State Securities Commission (SSC), the Stock Exchange. Vietnam (VNX), Ho Chi Minh City Stock Exchange. Ho Chi Minh City Securities Depository (HOSE) and Vietnam Securities Depository (VSD).
On May 18, the Central Inspection Committee, term XIII, issued a statement on the 15th meeting of the Inspection Committee, including content at the State Securities Commission.
– Warn the Party Committee of the State Securities Commission for the term 2015 – 2020, 2020 – 2025.
– Expulsion from the Party, Comrade Le Hai Tra, Secretary of the Party Committee, General Director of Ho Chi Minh City Stock Exchange.
– Removed all positions in the Party for Comrade Tran Van Dung, Member of the Executive Committee of the Party Committee of the Ministry of Finance, Secretary of the Party Committee of the Agency, Chairman of the State Securities Commission.
– Warn comrades: Vu Bang, former Secretary of the Agency’s Party Committee, former Chairman of the State Securities Commission; Nguyen Thanh Long, Member of the Executive Committee of the Party Committee of the Ministry of Finance, Secretary of the Party Committee of the Hanoi Stock Exchange, Chairman of the Board of Members of the Vietnam Stock Exchange; Nguyen Son, Secretary of the Party Committee, Chairman of the Board of Directors of the Vietnam Securities Depository Center.
In a notice issued shortly after, the Ministry of Finance said that the Ministry and the State Securities Commission would strictly abide by the conclusions of the Central Inspection Committee.
Immediately after the inspection conclusion of the Central Committee for Inspection on the Party Committee of the State Securities Commission for the 2015-2020 term was issued, the Ministry of Finance directed the State Securities Commission, the Stock Exchanges, the Securities Depository Center and other applications. The relevant parties review and implement measures to remedy the violations and shortcomings.
The violations of individuals will not affect the operation of the State Securities Commission, the Stock Exchanges, the Securities Depository Center and the securities market. The Ministry of Finance ensures the state management of securities and operates the stock market continuously, stably and safely; ensure the rights and obligations of domestic and foreign organizations and individuals participating in the Vietnamese stock market in accordance with the provisions of law,” said the Ministry of Finance.
The Ministry of Finance ensures the stability of the stock market
In addition, the Ministry of Finance also added that in the coming time, the Ministry will strengthen comprehensive capacity and strengthen the organization, arrange key staff to meet the requirements of professional capacity and quality. ethics for the State Securities Commission, the Stock Exchange, the Securities Depository Center, ensuring regular, continuous and effective management and supervision of the stock market.
Simultaneously, the Ministry of Finance will direct the SSC and related units to continue implementing solutions on: perfecting the legal framework, implementing market restructuring, and improving the operational quality of institutions. intermediaries, develop a system of professional investors and improve the management and supervision efficiency of the State Securities Commission and the Stock Exchanges, and the Securities Depository Center to develop a sustainable and transparent securities market, to become a The main medium and long-term capital channel for the economy, is a long-term, safe and fair investment channel for investors.
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