VASB Proposes Measures to Stimulate Stock Market
Vietnam Association of Securities Business (VASB), aware of prolonged doldrums in stock market, has proposed several measures to develop the market in a sustainable way.
First, VASB suggested authorities make reasonable targets and frameworks for market development policies.
Second, authorities should have official document on delaying levying personal income taxes on securities investors.
Third, the association proposed allowing foreign investors to open accounts and buy shares in foreign currencies in order to reduce pressure of domestic currency supply.
Last, Vietnam should supervise expenditures using the State Budget.
The proposals were sent to Ministry of Finance, State Bank of Vietnam and State Securities Commission.
VASB said measures to curb inflation have had bad impacts on stock market. (Securities Investment)
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