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Update news securities firms
After inspecting 21 securities companies and nine issuers since last October, 14 units were found violating bond issuance regulations,
The market ended lower last week as many large-cap stocks faced selling pressure after the VN-Index hit a new high of over 1,255 points.
Thirteen commercial banks and securities firms will be allowed to join the debt market or Government bonds (G-bonds) market in Vietnam this year.
A new code of conduct will be introduced in 2020 to improve the ethical standards of brokerage firms and brokers, according to the Vietnam Association of Securities Businesses (VASB).
A recent study by SSI Securities Corporation found that banks and securities companies acquired a large volume of bonds in the January-August period of this year.
VietNamNet Bridge – Investors and securities firms are struggling with two taxes the Government imposes on their bonus shares, Dau tu chung khoan (Securities Investment) newspaper reported earlier last week.
VietNamNet Bridge – Listed securities companies took the lead in profit growth in the first nine months of 2014 because of the market rally, according to the financial information website vietstock.vn.
VietNamNet Bridge – The stock market in Viet Nam witnessed a strong recovery this year with the benchmark indices, market capitalisation and the involvement of foreign capital soaring over last year, according to the State Securities Commission.
VietNamNet Bridge – Incurring big losses and heavy debts, securities companies still have to spend money to maintain their operation until the day they are allowed to “die.”
VietNamNet Bridge – A new draft decree from the Ministry of Finance (MoF) will see tighter supervision of the country's bourses, and the Viet Nam Securities Depository Centre (VSD).
VietNamNet Bridge – Twenty-one companies and one fund delisted shares in the first half of this year, the State Securities Commission revealed on July 4, reducing the total number of listed companies in the country.
VietNamNet Bridge – Over 60 listed companies, most of which are brokerage companies and firms operating in the shipping and building material sectors, reported losses during the first quarter of this year.