Tag: securities

Small securities companies planning to narrow business scale

VietNamNet Bridge – Most of the 35 securities companies that do not have enough chartered capital as stipulated by Decree 14, guiding the implementation of the Securities Law, are considering cutting some services. According to the decree dated January 19, 2007, securities companies must have the chartered capital stipulated in the decree within two years... Read more

Index rises after talk of postponing securities levy

VietNamNet Bridge – The possibility that the Government might delay imposition of the new income tax on securities trading helped the market stave off further losses yesterday. In response to the minister’s hints, market volumes yesterday picked up a bit over Wednesday’s sluggish figures, with Thursday seeing 10.29 million shares traded for... Read more

Securities companies: only top 20 will survive

VietNamNet Bridge – Only the 20 securities companies with the biggest operation scales and greatest efficiency will be able to survive the current gloomy market, according to the Investment Analysis Division under APEC Securities Company. In 2007, the top five securities companies all attained big profit. SSI had the post tax profit of VND864bil, ACB Securities... Read more

Securities companies either raise capital or cut services

VietNamNet Bridge – It is now really difficult for securities companies to raise capital to meet the new regulations on chartered capital. Therefore, many of them are considering narrowing their lists of offered services. It is now really a difficult period for securities companies Earlier this week, the State Securities Commission (SSC) gathered securities... Read more

PIT collection from securities investors may be delayed until 2009’s end

VietNamNet Bridge – Minister of Finance, Vu Van Ninh, told the press that the personal income tax (PIT) collection from securities investors may be delayed until the end of the next year, 2009. Minister of Finance Vu Van NinhIn general, tax payers receive more benefits with the PIT law, which is scheduled to be effective as of January 1, 2009, than with... Read more

Risk of deflation receding, says securities firm

The risk of deflation this year or the next has reduced considerably with increased year-end economic activity and a loosening of its monetary policy by the central bank, according a Ho Chi Minh Citybased brokerage.  There are other signs for a positive outlook, says Sacombank Securities Co. (SBS), the securities... Read more

Who protects investors if securities companies go bankrupt?

VietNamNet Bridge – Nguyen Thanh Ky, Secretary General of VASB, has released a figure which may startle investors: 70% of operational securities companies have been operating perfunctorily with manpower and operation cuts. Photo Le Anh DungThe question is naturally raised: As far as investors who have assets (stocks and money) deposited at securities companies,... Read more

SSC proposes to delay securities income tax

VietNamNet Bridge – The State Securities Commission (SSC) is planning to ask the National Assembly to delay imposing personal income taxes on securities trading until the end of 2009. “We continue to watch the market to make sure we can intervene in case of emergency, but now is not the time”.Head of the SSC’s Market Development Department... Read more

Greenspan admits flaw in regulating securities

Former Federal Reserve Chairman Alan Greenspan on Thursday admitted he was “partially” wrong for not trying to oversight credit default swaps, complex trading instruments meant to act as insurance against default for bond buyers. Former Chairman of the Federal Reserve Alan Greenspan testifies before the House Oversight and Government Reform Committee... Read more

Securities loaning closed right after opening

VietNamNet Bridge – In early September, a lot of banks announced they would resume providing loans to fund securities investments. However, just a short time after the announcement was made, banks have re-tightened loaning at the urging of state management agencies. Banks have re-tightened loaning at the urging of state management agenciesThe State Securities... Read more

Next Page »