Headlines 30/07/2021 16:37 CH

Ministry of Finance orders consideration of reduction in a stock lot by 10 shares

Quý Nguyễn

On July 26, 2021, the Ministry of Finance issues the Official Dispatch No. 8225/BTC-VP to the State Securities Commission (SSC) to request them to review measures to avoid order congestion that have been applied at Ho Chi Minh city’s Stock Exchange.

According to this document, the Ministry of Finance orders SSC to perform several noticeable tasks:

- Direct securities companies, especially those having large market shares of securities brokerage services to report on their information technology infrastructure, to ensure stable and smooth connection to the new trading system of HOSE.

- Urgently review and overcome the shortcomings, ensuring the full operation of transactional features as prescribed.

- Conduct a review to ensure the operability of the new trading system, and send official notices of allowing HOSE to resume receipt of new listing registration documents as soon as possible.

- Provide best conditions for businesses wishing to move their listing from HNX to HOSE, especially those affected during the time of order congestion at HOSE.

- Take urgent action to make assessment reports on past transactions of the minimum stock lot of 10 shares in order to ensure the interests of investors.

- Strengthen communications activities, quickly and promptly announce policies aimed at stabilizing market sentiment and improve prestige in direction and management operations.

Ministry of Finance provides this urgent notice for SSC's compliance.

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