In Notice No. 122/TB-VPCP dated March 27, 2024, on the Prime Minister's conclusions at the Conference to deploy the task of developing the stock market in 2024, the Prime Minister requested to "Thoroughly examine the stock trading, information technology systems”.
Specifically, the Prime Minister requested the Ministry of Finance to take the lead in promoting upgrading and building infrastructure systems to serve the operations of the stock market in a modern direction, strongly applying information technology, digital transformation, improving the quality of stock market management and supervision activities; creating favorable conditions for enterprises, market institutions, and investors to participate in the Vietnamese stock market in the direction of harmonizing the interests of the State - enterprises - investors.
In addition, the Ministry of Finance promotes administrative procedure reform, reducing compliance costs for people and enterprises. Research and use appropriate tax management tools, publicly and transparently by regulations, combined with enhancing digital transformation to prevent tax loss.
At the same time, the Ministry of Finance directed the State Securities Commission to preside over and coordinate with relevant agencies to urgently review comprehensively and thoroughly examine the stock trading, and information technology system, actively develop risk control processes, measures to handle and respond to urgent situations, prevent technical incidents from occurring, ensure security and safety of the financial system, and benefits for investors.
*** The Prime Minister issued Decision No. 1726/QĐ-TTg, dated December 29, 2023, approving the Securities Market Development Strategy until 2030 with the goal: "Developing a stable, safe, healthy, effective, sustainable, and integrated stock market; improve risk resistance, have a reasonable structure among market components, become an important, main medium and long-term capital mobilization channel for the economy; maintain growth in scale, focusing on improving quality; develop green financial tools and sustainable finance; promote digital transformation in the securities sector; build a system market management and monitoring system associated with the application of modern information technology; strengthen international linkages and integration, gradually narrowing the development gap between Vietnam's stock market and the stock markets of developed countries."
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