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Vietnam eyes stricter sanctions on stock market violations


The State Securities Commission (SSC) plans to review the Law on Securities and related decrees to strengthen sanctions for violations and protect the legitimate rights and interests of stock market investors. Tạ Thanh Bình, Director of Market Development Department under the SSC, stated that recent violations in the market have shown that the current administrative fines are not strict enough, and tighter regulations are needed. The SSC will improve human resources for inspection and supervision, as well as complete and put into use an upgraded transaction monitoring system with analysis, warning, and statistical features. Additionally, the SSC and stock exchanges will speed up the commissioning of the KRX trading system to deploy new products and services on the stock market.

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