Deputy Minister Nguyen Duc Chi (5th from left) hit the gong to open the stock market on the occasion of the Lunar New Year 2024
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At the event, Deputy Minister of Finance Nguyen Duc Chi delivered a speech and set out the key targets for the securities sector in 2024. As we enter 2024, Mr. Chi said many forecasts indicate that the global and regional situations will continue to remain complex. Therefore, financial and fiscal policies for 2024 need to be flexible, cautious, and in line with the global and regional developments.
Accordingly, a number of crucial solutions to develop the securities market have been proposed.
Firstly, continuing to review laws and typical legal frameworks such as the Securities Law of 2019, Decree 155, and Decree 156. At the same time, proactively reviewing other laws related to the securities market such as business law, investment law. This task aims to create a more suitable and progressive legal framework for the securities market.
Secondly, maintaining the trading system to ensure the safe and stable operation of the trading and settlement system, providing a stronghold for the market.
Thirdly, ensuring market discipline and integrity. Effective supervision and timely inspections are required to promptly detect and strictly handle violations.
The market emphasizes that there are no restricted areas in the securities sector. All violations will be promptly detected and strictly handled to prevent any dishonest profiteering on the market.
Fourthly, upgrading the securities market as soon as possible. The securities sector will actively implement the earliest solutions to propel the market into a new phase. To achieve this, it requires the cooperation of many market participants, including market management agencies, market organizing agencies, market members such as securities companies, listed companies, and investors who all have various responsibilities to upgrade the market.
Deputy Minister stated that the upgrading task will be specified in 2024 and efforts will be made to achieve the greatest progress possible.
The final task is to provide the best and most transparent information for better understanding of the securities market by the public.
