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Stock market tries to account for 10-15% GDP
06/08/2010 - 198 Lượt xem
The main contents of the plan issued on February 20, included expansion of the organized stock market, narrowing of the black market, and trying to gain 10-15% GDP on the organized stock market of.
To realize the target, Vietnam will speed up equitisation of state-owned enterprises, transform foreign-invested firms into joint stock and encourage more companies to list shares on the stock market. The Ministry of Finance will select and guide local authorities and large companies to issue bonds to raise capital for investment.
The HCM City Securities Trading Centre will become the Stock Exchange, where big companies list their shares. The Securities Deposit Centre will be put into operation this year. It will conduct various services that securities trading centres currently perform.
Under the plan, Vietnam will strive for its companies inclusion on the list of the 100 top firms of the Association of Southeast Asian Nations (ASEAN).Source: Vietnamnet, 26/2/2006
