Tag: SSC

Foreigners selling stakes but not hitting the road: SSC

VietNamNet Bridge – Dr Nguyen Son, Head of the Market Development Division under the State Securities Commission, affirmed that foreign investors have been selling stakes but not withdrawing capital from Vietnam. Dr Nguyen Son, Head of the Market Development Division under the State Securities CommissionAll the happenings in the US, European and Asian markets... 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

SSC publishes list of illegal stock sellers

VietNamNet Bridge – The State Securities Commission (SSC) on Oct. 23 warned HCM City and Hanoi bourses about companies illegally selling stocks to the public. The SSC has sent a list of violators to relevant State bodies to monitor and deal with the violations in line with the powers of each agency.According to Circular No. 2113/UBCK-TT, some enterprises... Read more

SSC: Bourses will not close their doors

VietNamNet Bridge – The stock market has been plummeting. The VN Index is hovering around the bottom line. Investors should not sell stocks now or they will suffer terrific losses. VN Index is hovering around the bottom lineSSC will take necessary measures to settle the problem. However, we will still keep a close watch over the market this week. If the... Read more

SSC submits draft rules for securities companies

VietNamNet Bridge – The State Securities Commission (SSC) is planning new regulations land decrees on criteria and terms for setting up securities companies, according to SSC Chairman Vu Bang. The SSC should stop issuing licences for new securities firms as there was only space for only 40-50 such firms in the market.Bang said that mergers, acquisitions... Read more

US financial crisis playing mind games with investors: SSC

VietNamNet Bridge – Vu Bang, Chairman of the State Securities Commission (SSC), affirmed that the US financial crisis has been indirectly affecting Vietnam’s stock market as it has been psychologically affecting investors. US financial crisis playing mind games with investors: SSCWith the information I have about foreign investors’ portfolios... Read more

SSC proposes jumping on global anti-crisis bandwagon

VietNamNet Bridge – The State Securities Commission (SSC) in putting in anti-crisis proposals to the Government for the local stock exchange, joining international efforts to minimise impacts from the US financial recession. For the local stock exchange, the recession was primarily reflected in the fluctuation of investors’ attitudes on securities... Read more

Foreigners staying with Vietnam: SSC

VietNamNet Bridge – Nguyen Son, Head of the Market Development Department under the State Securities Commission (SSC),sat down to discuss the US financial crisis and possible fallout for the bourses here. A lot of people said that SSC has to take action now to interfere in the market, which has fallen for the last nine consecutive sessions. It has to either... Read more