Stock Market Development Plan to Be Submitted to Government

The State Securities Commission (SSC) plans to submit the draft Securities Law version 5 and the plan for development of the local stock market in the 2006-2010 to the Ministry of Finance and the Prime Minister in the fourth quarter of this year. SSC will guide 23 enterprises chosen by the Corporate Finance Department (under the Ministry of Finance) to participate in the local stock market and it will also boost bond issuance of localities.

 

The plan for development of the local stock market in 2006-2010 period has two major goals. The first purpose is to expand scale and sphere of operation and operation quality of the market, targeting total market values of all listed stocks at VND150-160 trillion in 2010. The plan also mentions to improvement of efficiency and competitiveness of the local stock market, meeting the integration trend. Accordingly, SSC will apply international practices about corporate management on listed firms and securities trading companies.