THE PRIME MINISTER

Directive No. 08/CT-TTg of March 2, 2012, on boosting the operation and enhancing the management of the securities market
Over the recent time, due to the impacts of the global financial crisis, the world economic and trade downturn as well as national economic difficulties, Vietnam’s securities market has experienced a sharp fall and challenged the confidence of investors. In this context, the Government has taken many measures to stabilize the macro-economy, rein in inflation, maintain the economic growth at a reasonable rate, and assure social security. The implementation of Resolution No. 11/ND-CP of February 2, 2011, has recorded initial results such as reducing the inflation rate, trade deficit and interest rate. However, the implementation of inflation control measures has also affected Vietnam’s securities market, resulting in a big loss in the market index for a long time.
To assure the stable and healthy operation of the securities market in synchrony with the monetary market, contributing to stabilizing the market and macro-economy, the Prime Minister directs ministries, sectors and market members in taking measures to boost the operation and enhance the management and supervision of the securities market as follows:
1. The Ministry of Finance shall:

a/ Assume the prime responsibility for, and coordinate with related ministries and sectors in, implementing the Strategy for development of Vietnam’s securities market during 2011-2020 with general and long-term solutions to improving legal institutions, restructuring the securities market and raising the quality of its operation both in breadth and depth, so that the securities market can become a truly effective channel for raising capital for the economy; enhance the market management and supervision according to international principles and standards, assuring the system safety.