Vietnam SSC Issues New Regulations to Boost Stock Market Transparency
The State Securities Commission (SSC), the stock market regulator, said it has issued a new circular on information disclosure of public companies replacing circular No 38/2007/TTCK to boost the market transparency.
The circular has been submitted to the Ministry of Finance for approval.
Public companies will be required to disclose information on dividend payment and changes in key staff, the SSC said.
As of December 1, 2009, as many as 948 firms out of over 1,000 public companies have registered with the market regulator to publicize corporate information.
Vietnam had 432 listed companies on two exchanges, 38 qualified auditing companies, eight depositary banks, 46 fund management firms and 105 stock brokers on the market. (SSC)
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