The Prime Minister requested to strengthen solutions to promote the stock market to develop safely, transparently, effectively and sustainably.

The Prime Minister’s telegram said that the Government issued Resolution No. 86/NQ-CP dated July 11, 2022 on developing a safe, transparent, effective and sustainable capital market to stabilize the macro economy. scale and mobilize resources for socio-economic development.

At the same time, we have drastically and promptly directed ministries, branches and state management agencies to implement solutions to support the capital market and stock market (stock market) to develop and promote the role of mobilization channel. medium and long-term capital of the economy, contributing to supporting production and business of businesses and people, promoting growth, stabilizing the macroeconomy, controlling inflation, ensuring major balances of the economy. economy, attracting investment from domestic and foreign investors.

Carrying out assigned functions and tasks, in recent times, the Ministry of Finance, the State Securities Commission and related agencies have made many efforts, actively and responsibly to implement solutions. promote stock market development.

Accordingly, basically the stock market has maintained stable, safe, more substantive, effective and transparent operations, gradually restoring order and discipline in the market, continuing to strengthen trust. of domestic and foreign investors; Attention is paid to attracting investment and promoting the image of Vietnam’s stock market, aiming to upgrade the stock market from marginal to emerging.

Basically, the stock market has maintained stable, safe, more substantive, effective and transparent operations, gradually restoring order and discipline in the market, continuing to strengthen investor confidence. domestic and foreign investment. Photo: Duy Dung.

In the coming time, the international financial and monetary markets will have many complex fluctuations that are difficult to forecast, negatively impacting our country’s capital, currency and stock markets.

In order for Vietnam’s stock market to develop more safely, transparently, effectively and sustainably, the Prime Minister requested the Ministry of Finance to preside over and coordinate with relevant agencies to continue to promptly and effectively carry out tasks. Services and solutions in Resolution No. 86/NQ-CP dated July 11, 2022 of the regular Government meeting, written directives of the Government Leaders and legal regulations, closely following market developments to proactively promptly implement measures to stabilize and develop the stock market.

At the same time, closely coordinate in operating fiscal policy, monetary policy and other macro policies, contributing to promoting economic growth, stabilizing the macroeconomy, controlling inflation, ensuring major balances of the economy, creating conditions to support the stock market to develop safely, transparently, effectively and sustainably, and being an effective medium and long-term capital channel for the economy.

The Prime Minister also requested to proactively monitor and closely monitor developments in the domestic and international stock market, capital flows in and out of the market to proactively have appropriate and timely solutions to manage and monitor the market. , close to the situation, ensuring safety, transparency, and stability of the stock market, avoiding risks and insecurity.

The Prime Minister directs to proactively and regularly review mechanisms and policies and complete the legal framework on securities and stock market to amend, supplement or propose competent authorities to amend and supplement legal documents. Relevant laws, ensuring synchronization, consistency, efficiency, effectiveness, in accordance with international practices and commitments, meeting the development requirements of the stock market both in the immediate and long term.

In this Official Telegram, the Prime Minister also requested urgent implementation of solutions to enhance the quality of goods on the stock market; improve operational efficiency of market members, securities companies, fund management companies…; diversify the investor base by attracting the participation of institutional investors, professional investors, investment funds, and proactively provide information and financial knowledge training – securities for individual investors.

The Prime Minister directed the Ministry of Finance to preside over and coordinate with the State Bank of Vietnam, the Ministry of Planning and Investment and relevant agencies to drastically implement necessary tasks and solutions to upgrade Vietnam’s stock market. from frontier markets to emerging markets as soon as possible, in order to attract foreign investment capital and institutional investment funds; promptly and proactively report to competent authorities on issues beyond authority.

The Prime Minister directed the Ministry of Finance to preside over and coordinate with the State Bank of Vietnam, the Ministry of Planning and Investment and relevant agencies to drastically implement necessary tasks and solutions to upgrade Vietnam’s stock market. from frontier markets to emerging markets as soon as possible.

In addition, the Prime Minister directed to strengthen inspection, examination, supervision and strictly handle violations on the stock market according to legal regulations; promptly give early warnings and have plans to handle risks that may arise, ensuring the stock market operates safely, healthily, and smoothly.

The dispatch also requires strengthening the application of information technology and digital transformation in the management, administration and supervision of stock market activities, and having effective solutions to ensure safety, security and confidentiality of transactions. translation in the market; Promote reform of administrative procedures, timely, public and transparent information disclosure, creating favorable conditions to support listed businesses and public companies under its management.

Accelerate the completion of information technology projects and major projects of the Securities industry to ensure the technical infrastructure and legal basis for the stable and long-term development of the stock market.

The Prime Minister also requested the Ministry of Finance to direct the State Securities Commission and the Vietnam Securities Depository and Clearing Corporation to coordinate closely with the Police Department on administrative management of social order and the Ministry of Public Security. Soon complete the review and cleaning of investor data; move towards reviewing and cleaning investor data at securities companies, contributing to improving the safety and transparency of the market.

At the same time, promote international cooperation, strengthen relationships and connections with major agencies, organizations and financial institutions in the world to promote the image of the stock market, strongly attracting indirect investment capital flows. invest on the stock market. Research experiences and lessons of other countries in developing safe, effective, healthy and sustainable stock markets.

In addition, the Prime Minister requested to further strengthen propaganda and training to increase investors’ understanding in the market, proactively provide timely official information, create social consensus, and stabilize the mind. market managers and investors; Strengthen close coordination with authorities to handle rumors, fabrications, and untruths that affect the safety of the stock market.

Also in this Official Telegram, the Prime Minister directed the State Bank of Vietnam to coordinate closely with the Ministry of Finance and the State Securities Commission in managing monetary and fiscal policies and implementing solutions. solutions to develop the stock market, ensuring safety, connection, smoothness, and synchronization between the monetary market and the capital market and the stock market.

The Prime Minister also directed the Ministry of Information and Communications to require news agencies to report truthfully, promptly, objectively, and accurately; Strictly handle cases of reporting news and articles that do not comply with regulations, causing negative impacts on investor psychology and stock market stability.

In addition, the Prime Minister requested the Ministry of Public Security to coordinate closely with the Ministry of Finance and the State Securities Commission to continue implementing measures to ensure security and safety of the stock market; have solutions to prevent, prevent and strictly handle violations of the law, especially cyber attacks, intrusions, fraud, and appropriation of investors’ money in space-based securities transactions. network.

At the Official Palace, the Prime Minister assigned the Government Office to monitor and urge according to assigned functions and tasks./.