Vietnam’s stock market to be restructured

February 25, 2011 | 08:02

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The State Securities Commission (SSC) will gradually restructure the stock market in 2011 by improving the listed, OTC and government bond markets.

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This proposal was put forward at a meeting designed to embark on tasks to develop the stock market in 2011 in Hanoi on February 24.

The SSC will increase its listing standards to improve the quality of the stock market and its sustainability, while expanding the OTC market to reduce activities on the unofficial market.

In 2010, the stock market’s capitalisation had reached VND726 trillion ($33.76 billion), a year-on-year increase of 17.1 per cent and accounted for 39 per cent of GDP.

The total amount of traded stocks on both the Ho Chi Minh Stock Exchange and the Hanoi Stock Exchange valued at VND620 trillion.

Investors have so far opened 1.1 million accounts in the market.

VIR/VNA

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