The securities bill was discussed during National Assembly (NA) sessions on May 26. Models of securities, legal positions of state agencies over securities and responsibilities of the government, the Ministry of Finance (MoF), state securities committee and inspectorate toward the operations of securities market were under debate. Reports by MoF Minister Nguyen Sinh Hung said that since the operation of the first securities transaction centre in Ho Chi Minh City 5 years ago, the securities market had recorded initial achivements. A securities market organisation system has been established, securities market regulations have been created and improved. However, his reports also said that the securities market was still modest and had not become an effective long-term capital mobilisation channel for development investment. The number of securities is not large, the quality of operations and service supplies on the stock market is not very high and its transparency and efficiency is … [Read more...] about Securities law: Turning securities market into important capital mobilisation channel
Securities law
Securities Law Due To Be Passed
The Vietnamese early developing stock market needs the Securities Law. (Photo: T.C) Yesterday, June 21, the National Assembly (NA) had a final discussion on the draft of Securities Law and the draft of Decree on National Key Projects for the NA to approve the investment policy. It is known that the two laws will be passed in the next sitting on June 23, also in this session. As for the Securities Law, opinions are still different on whether to allow the participation of many economic sectors in brokerage services. According to the report of the NA Standing Committee, Viet Nam's stock market is still in the early-developing period and the public knowledge about securities is still limited. Therefore, in order to avoid brokerage abuses, appropriate private properties, the law should not allowed individuals to provide brokerage services for the time being. On the other hand, some delegates believes that allowing many sectors to participate in securities brokerage services will … [Read more...] about Securities Law Due To Be Passed
Improving quality and effectiveness of public security to ensure security, law and order in the context of globalization and international integration
Under the clear-sighted and correct leadership of the Party in the fight for security, law and order and in building clean and strong forces, fully aware of their tasks the people's public security forces have exerted continuous efforts over the past 67 years, fulfilled its tasks, won over the counter-revolutionaries and foiled dark schemes plotted by intelligence and spy agencies of colonialists, imperialists and hostile forces in collaboration with reactionary forces. In the renovation process, the people's public security force has changed ways of thinking, working methods and consultancy towards the Party, State, Party committees and authorities at all levels in their leadership to ensure security, law and order, proactively defeat subversive schemes under the label "peaceful evolution" of hostile forces in all aspects and prevent internal "self-evolution" and "self-transformation." … [Read more...] about Improving quality and effectiveness of public security to ensure security, law and order in the context of globalization and international integration
Thailand passes tough security law to control protest
Thailand's government passed a security law on August 25 that clears the way for the military to be brought in to control a planned rally by supporters of fugitive former premier Thaksin Shinawatra. The United Front for Democracy against Dictatorship (UDD) plan to demonstrate on Sunday outside Prime Minister Abhisit Vejjajiva's office, calling for his resignation. A three-week occupation of the premier's office in April sparked Thailand's worst street violence in 17 years, forcing Abhisit to call a state of emergency and stoking concerns over the stability of Southeast Asia's second-biggest economy. If Sunday's protests become unruly, the new law allows Abhisit and the military to move quickly without declaring a state of emergency. It also allows for more stringent checkpoints around the prime minister's office ahead of the protest. Abhisit said he imposed the temporary law, which takes effect from August 29 to September 1, after receiving intelligence that trouble-makers … [Read more...] about Thailand passes tough security law to control protest
Securities law to usher in new asset class
VietNamNet Bridge - Conditions are expected to turn favourable for the growth of Viet Nam's securities market this year, especially due to the amended securities law that will take effect in July. They can negotiate with investors and accept investment in cash or assets. Unlike convertible bonds, they do not have to have made profits the previous year for this contract. At the expiry of the contract, the company can either convert the invested amount into equity or repay the investor in cash. … [Read more...] about Securities law to usher in new asset class