Vietnam PM Asks SCIC to Buy More Shares
Vietnam Prime Minister Nguyen Tan Dung Mar 25 asked the State Capital Investment Corporation (SCIC) to continue buying big shares on the stock market, part of the package of measures to stabilize the market.
SCIC will be given priority to not announce specific information on internal and big shareholders for buying shares in the portfolio approved by the Ministry of Finance.
However, the corporation will have to report its total volume and value of shares it bought on the market every week.
Earlier, the Ministry of Finance has allowed SCIC to open multiple accounts at securities companies to boost the demand. (Vneconomy, Pioneer)
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