May 17, 2019 / 17:02
Finance ministry to monitor suspicious securities transaction later this month
The MoF would promptly coordinate with Hanoi and Ho Chi Minh City Stock Exchanges to evaluate, analyze and investigate transactions which are believed to break regulations.
The Ministry of Finance (MoF) will closely monitor securities transactions showing irregularities from later this month, according to Bao Viet Securities Company (BVSC).
The MoF would promptly coordinate with Hanoi and Ho Chi Minh City Stock Exchanges to evaluate, analyze and investigate transactions for the ones under suspicion. The ministry and concerned agencies will issue guidelines, remind and request listed and registered companies to trade on the stock market according to regulations.
With the management of corporate finance and privatization of SOEs, in May, the MoF will submit to the competent authorities a number of schemes and policies, including the promulgation of Regulation on management and use of support fund for business reshuffle and development; Draft Circular guiding initial public offerings (IPOs) and management of revenues from selling of enterprises; Draft Circular guiding financial handling and valuation of enterprises transferring from SOEs and 100% state-owned single-member limited liability companies (SMLLCs); Resolution on management of revenue from privatization and state capital withdrawal.
For financial market management, a number of key tasks of the MoF this month include continuing to improve the revised Draft Law on Securities, evaluating the offer for sale and issuance in accordance with regulations, closely monitoring post-sale activities to ensure compliance with regulations, and closely monitoring rapid capital raise and private placement but at the same time facilitating enterprises’ business.
In May 2019, the MoF is responsible for submitting to the government and the prime minister a total of five proposals and issuing 25 circulars.
Illustrative photo.
|
With the management of corporate finance and privatization of SOEs, in May, the MoF will submit to the competent authorities a number of schemes and policies, including the promulgation of Regulation on management and use of support fund for business reshuffle and development; Draft Circular guiding initial public offerings (IPOs) and management of revenues from selling of enterprises; Draft Circular guiding financial handling and valuation of enterprises transferring from SOEs and 100% state-owned single-member limited liability companies (SMLLCs); Resolution on management of revenue from privatization and state capital withdrawal.
For financial market management, a number of key tasks of the MoF this month include continuing to improve the revised Draft Law on Securities, evaluating the offer for sale and issuance in accordance with regulations, closely monitoring post-sale activities to ensure compliance with regulations, and closely monitoring rapid capital raise and private placement but at the same time facilitating enterprises’ business.
In May 2019, the MoF is responsible for submitting to the government and the prime minister a total of five proposals and issuing 25 circulars.
Other News
- 3,400 taels of gold purchased at the first-in-11-year auction
- HoSE to launch KRX-developed transaction system in early May
- Central bank moves gold auction to tomorrow
- Vietnam’s c.bank sells USD to stabilize exchange rate
- Central bank to auction gold to calm domestic market
- Vietnam's Central Bank ready to steady foreign exchange market
- Finance ministry clears bottlenecks to pave way for stock market upgrade
- Over 60% of Vietnamese use QR codes to pay
- Casinos contribute US$370 million to state budget over 5 years
- Standard Chartered and IATA partner to launch IATA Pay in Vietnam
Trending
-
Upcoming holiday in Hanoi: Sightseeing from central city to outskirts
-
Vietnam news in brief - April 24
-
Vietnamese contemporary ballet celebrates Europe Day
-
Prime Minister urges IT training to focus on semiconductors
-
Voluntary social security should cover larger part of informal sector: Experts
-
ASEAN Future Forum 2024: Promoting regional centrality
-
Central bank moves gold auction to tomorrow
-
[Video]Hanoi beauty spots featured in saxophone legend Kenny G's music video
-
Colorful stage shows in Hoan Kiem Lake pedestrian area