Vietnam to have only one stock exchange in Q2 2012: Vuong Dinh Hue

Under the restructuring scheme on the local stock market, Vietnam will have only one stock exchange, which is expected to be established in the second quarter of 2012, Minister of Finance Vuong Dinh Hue said on January 13.
According to Hue, the restructuring scheme on the Vietnamese stock market has already been passed by the Government. After further supplementation and completion of the restructuring scheme, the project has also been submitted to the Vietnam Politburo for approval and decision to direct the restructuring of the stock market this year.

The finance minister stressed: “Under the scheme, restructuring the stock market is aimed at overcoming existing limitations and more importantly to meet the requirements of long-term capital for the economy. The stock market restructuring will be carried out in a comprehensive action, which focuses on four pillars: restructuring securities companies, stock exchanges, investors and commodities”. – Vietbiz24

Tags: vietnam stock, Vietnam stock market, VNindex

Posted by VBN on Jan 18 2012. 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