Vietnam not ready for T+2 rule, 40% foreign bank room

The State Securities Commission of Vietnam (SSC) has not yet ready to cut stock trading rule of T+4 (4 days delayed) to T+2 although it has been preparing for it for long

The State Securities Commission of Vietnam (SSC) has not yet ready to cut stock trading rule of T+4 (4 days delayed) to T+2 although it has been preparing for it for long, the local newswire Vietstock quoted Dr.Nguyen Son, SSC’s Head of Market Development Department as saying.

The affirmative came out amid the hearsay that SSC will allow T+2 transactions from 21 Jan, which local investors also expect.

The State Bank of Vietnam is still waiting for the instruction of the government to open bank ownership for foreigners to 40% after the proposal of Vietnam Association of Financial Investors (VAFI).

The Vietnam stock market rebounded today as the VN-Index closed 1.01 points higher to 478.45 points and the HNX also gained 1.54 points to 106.30 points. – Stoxplus.com

Tags: vietnam stock, Vietnam stock market, Vietnam stock news

Posted by VBN on Jan 12 2011. Filed under Stock. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry