THE PRIME MINISTER OF GOVERNMENT
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SOCIALIST REPUBLIC OF VIET NAM
Independence - Freedom - Happiness
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No: 163/2003/QD-TTg
Hanoi,August 05, 2003
 DECISION
APPROVING THE STRATEGY ON DEVELOPMENT OF VIETNAM'S SECURITIES MARKET TILL 2010
THE PRIME MINISTER
Pursuant to the Law on Organization of the Government of December 25, 2001;
Pursuant to the Government's Decree No. 48/1998/ND-CP of July 11, 1998 on securities and securities markets;
At the proposal of the State Securities Commission in its Report No. 06/TTr-UBCK of May 30, 2003,
DECIDES:
Article 1.- To approve the strategy on development of Vietnam's securities market till 2010 with the following major contents:
A. Objectives
To develop the securities market in both operation scope and quality, aiming to create a channel for mobilization of medium- and long-term capital for development investment, contribute to the development of Vietnam's financial market; to maintain order and safety, expand scope and raise the efficacy in the market management and supervision with a view to protecting the legitimate rights and interests of investors; to step by step raise the competitiveness and take initiative in integrating into the international financial market.
B. Viewpoints and principles on the development of the securities market
1. To develop the securities market in compatibility with the country's practical conditions and socio-economic development orientations, as well as with international standards and practices, step by step integrating into regional and international financial markets.
2. To build an uniform securities market nationwide, which operates safely and efficiently, contributing to mobilizing capital for investment development and boosting the process of equitization of State enterprises.