Vietnam SSC to Remove Supervision on Loss-making Firms
Vietnam’s State Securities Commission (SSC) will ask two local stock exchanges to stop monitoring listed loss-making companies last year and issue cautionary warnings about their shares instead, the state-run Securities Investment newspaper reported.
The SSC will issue official document to guide the Ho Chi Minh Stock Exchange (HOSE) and the Hanoi Stock Exchange in the next several days, said Nguyen Son, head of the Market Development Division under the SSC.
The warnings will be even stopped immediately if the firms make profit in the first quarter of this year, the SSC said.
“The observation is just nominal as the shares of listed loss-making companies have been not restricted in trading time and trading band,” Son said.
The warning is aimed only to remind investors of trading these shares.
To date, the HOSE has imposed supervision on 15 listed firms which suffered big losses last year, including such bluechips as REE, SAM, GMD, PPC. (Securities Investment)
Vietnamese
