Prime Minister Nguyen Xuan Phuc beats the gong at the 20th anniversary of the Viet Nam's stock market in Ho Chi Minh City on July 20, 2020. Photo: VGP
Particularly, it is said to be one of the fastest recovering and most stable stock markets in the region despite heavy impacts of the COVID-19 pandemic, the Government chief highlighted.
Phuc stressed the need for breakthrough development in the stock market to meet the medium and long-term capital demand of the economy and to join hands with the banking system in capital mobilization.
He asked for close coordination between the Ministry of Finance, the State Securities Commission, and relevant ministries and sectors to synchronously develop markets, including the stock, monetary, and insurance markets, thereby optimizing combined resources to promote growth, ensure macro-economic stability, and control inflation.
Legal documents guiding the implementation of the Laws on Securities, Enterprises, and Investment must be issued this year while it is necessary to mull over amendments to other regulations in order to build a business environment that is conducive and fair for enterprises and investors, Phuc ordered.
Phuc requested accelerating the equitization and listing of State-owned enterprises, encouraging private companies to list on the market, enhancing the market’s transparency, and applying international standards and practices./.
By Huong Giang