SSC

Update news SSC

More securities companies plan to merge as market rules tighten

VietNamNet Bridge - Mergers between securities have become stronger as it is the only choice for small securities companies. It is expected that at least three merger & acquisition (M&A) deals will wrap up this year.

Decree allowing higher foreign stakes in Vietnam’s firms approved

The Prime Minister has ratified Decree 60/2015 to replace Decree 58, which included a long-awaited regulation on removing limits on foreign ownership in listed companies.

SSC, GIZ to develop green capital market

 The State Securities Commission (SSC) and the German Federal Enterprises for International Co-operation, better known as GIZ, will collaborate to develop a green capital market.

Vietnam Stock Exchange to be located in Hanoi

HCM City, considered a financial center of Vietnam, could lose its stock market in the future because the watchdog agency plans to merge the Hanoi and HCM City stock exchanges into one Vietnam Stock Exchange headquartered in Hanoi.

SSC mulls more room for foreign investors

VietNamNet Bridge – The State Securities Commission (SSC) is revising Decree 58/2012 guiding the Securities Law to increase the foreign ownership limit at listed enterprises,

27 securities companies shut up shop in 2014

 VietNamNet Bridge – The number of securities companies in Viet Nam reduced by more than 20 per cent in 2014, announced the State Securities Commission of Viet Nam (SSC).

Stock market raises $6b in first half

 VietNamNet Bridge – Viet Nam's stock market raised VND127 trillion or US$6 billion in the first six months of this year, up 3 per cent year over year.

SSC rejects trading band revision rumors

VietNamNet Bridge – The State Securities Commission on May 8 affirmed that the trading bands on the two local stocks exchanges remain unchanged, denying rumors that the commission would revise the bands down to arrest further steep declines

Bourses to merge into national exchange

 VietNamNet Bridge – The State Commission of Securities (SSC) is expected to submit a plan to the government to merge the two bourses into a single entity: the Viet Nam Stock Exchange.

Vietnam's first ETFs to debut in Q3

 VietNamNet Bridge – Administering agencies are speeding up legal and technical preparations for the birth of the first exchange traded funds (ETFs) in Vietnam in the third quarter of this year,

BUSINESS IN BRIEF 17/11

 SSC seeks extension for draft decree on derivatives market; Exports to Malaysia up in first nine months; Vietnam, EC step up support of SMEs; Goods prices set for pre-Tet stability; PM opens up to world credit ratings

Foreign ownership ratio in listed firms may rise to 60%

 VietNamNet Bridge – The State Securities Commission has submitted to the government the plan on raising the ceiling foreign ownership ratio, which aims to encourage the transactions on the stock market.

Vietnamese securities investors feel worried on delisting wave

A lot of businesses have been forced to delist because they did not expose information.

Foreign ownership draft decree to be submitted

 VietNamNet Bridge – The Ministry of Finance has finished fielding suggestions for the draft decree on foreign ownership limit in listed enterprises and will submit it to the Government soon,

SSC puts 14 brokers under scrutiny

 VietNamNet Bridge – The State Securities Commission (SSC) has placed nine securities firms under special surveillance, and five others under scrutiny.

Mixed response on proposal to keep exchanges open longer

VietNamNet Bridge – The two national stock exchanges plan to extend trading hours in the afternoon session in a bid to help boost liquidity and lure investors, but the proposal however is drawing differing opinions from market participants.

Businesses rush to delist to hide themselves from foreign “hunters”

There is a growing tendency of companies quitting the stock market to escape the “big sharks” who try to swallow them. Many others disapprove of listing shares on the bourse for the bear of being taken over one day.

Big guys hurry to withdraw capital from securities companies

A new wave of big investors withdrawing capital from securities companies has been noted. Securities companies turn out to be not the geese that lay golden eggs as they previously thought.

SSC appear to be heavy handed to securities companies, but this doesn’t help

Suspending the operation of securities companies is the heaviest handed punishment imposed on unprofitable companies. However, the punishment does not have much significance.

What do fund management companies live on?

Only a few of the 50 existing investment fund management companies has been performing well, while others cannot raise funds to manage.