The National Assembly Standing Committee continued Sept 16 its discussion on two bills including amended Stock Exchange Law and Independent Auditing Law. Vu Van Ninh, minister of Finance, said many regulations in the current Stock Exchange Law are not tight while the stock market has grown rapidly. According to NA Economic Committee, the amended law could help resolve many current inadequate issues as it highlights the state management to prevent a corner in the stock, and encourages and boost stock exchanges on the organized market. The committee agreed to the bill to assign the Government to define new violating behaviors and sanctions against behaviors violating the Stock Exchange Law. However, the committee said the bill should stipulate that involved organizations and individuals have a responsibility to provide information and documents to the State Securities Committee according to the Government's regulation so the Committee can inspect, monitor and penalize … [Read more...] about NA Committee debates bills on stock exchange, auditing
Stock exchange advice
Communist Laos launched its first stock exchange on Tuesday, an official said, in the latest capitalist step by the rural-based nation aimed at spurring development. Only two stocks are initially listed: EDL-Generation Public Company -- which was spun off in December from state-owned Electricite du Laos to handle power generation -- and state-run Banque Pour Le Commerce Exterieur Lao. The exchange's chairman, Dethphouvang Moularat, is confident that the bourse's opening will be a milestone for the nation where the majority of people still live on less than two dollars a day. "It will help the economy a lot," he told AFP in an earlier interview at the stock market's modern, glass-fronted headquarters in Vientiane. He said the bourse would complement an existing foreign exchange market, giving firms access to vital capital for expansion. To develop its exchange, Laos sought technical and financial support from South Korea -- whose own stock market operator has a 49-per cent … [Read more...] about Laos opens new stock exchange
Company executives are being forced to defend their honor as rumors of arrests and other nefarious activities abound. Pham Minh Huong, CEO of the Hanoi-based VNDirect securities firm, speaking to Thanh Nien Friday to dispel the rumor she had been arrested … [Read more...] about Corruption rumors add to stock market woes
Talking Shop (22-03-2007) SSC chairman shares stock market savvy State Securities Commission (SSC) Chairman Vu Bang yesterday shared his insights into the stock market during an online chat with the public over the Viet Nam Communist Party's website. Followings are extracts from the two and a half hour exchange. Currently, people say the Vietnamese stock market is too hot. Is this true? What is your definition of a "hot" stock market? In theory, a market is hot or booming when securities prices are far higher than their real value. But the real value is difficult to determine and depends on each person's perception. … [Read more...] about SSC chairman shares stock market savvy
As the stock and gold markets started the Lunar New Year with several upheavals, Tuoi Tre spoke with two experts on whether these two channels are still appealing enough to attract investors this year. Dinh Nho Bang, general secretary and deputy chairman of the Vietnam Gold Trading Association, told Tuoi Tre that the gold market this year will remain in its heating state as it did last year, with domestic gold expected to fluctuate in accordance with its global counterpart's development. Amid the ongoing global economic turbulence, the public, investors, and investment funds will choose gold as their main investing channel, Bang said. The average gold price in 2012 will be around US$1,800 an ounce, Bang said, saying the forecast is based on consultancies from international experts. "Global price currently revolves around $1,674 an ounce, so at first, it is likely to rise to the $1,700 an ounce mark," he said. "There is little likelihood the price will drop below … [Read more...] about Will stocks, gold remain attractive to investors?