3:26:36 PM | 7/8/2005
Vietnam’s Ministry of Finance has established a steering board for development of the local fledgling stock exchange market.
The board will make a list of enterprises that are eligible to be listed in the country’s two securities trading centers - the Ho Chi Minh City Securities Trading Center (HSTC) and the Hanoi Securities Trading Center (HASTC).
The steering board will manage the business operations of enterprises in which a large amount of shares are held by the State. In addition, the board will build a list of various kinds of bonds and issue these bonds through securities trading centers. It will help create more favorable conditions for the development of securities centers and work out measures to increase market capacity, thus meeting the requirements of the current equitization process and securities trading activities in 2005 and following years.
Vietnam Economic Times
Vietnamese
