Finance Minister Vuong Dinh Hue

Finance Minister Vuong Dinh Hue said the Ministry will closely work with ministries and sectors to implement a strategy to develop the stock exchange as an effective capital mobilization channel for the economy.
At a conference to work out future development plans for stock exchange this year, the State Securities Commission reported that 2011 was a tough year for Vietnam’s securities with the sharp fall of the stock index by 27 percent, 16 percent of listed companies losing and difficulties in capital mobilization. The Commission also proposed measures to restructure the securities market including restructuring securities companies, restructuring and improving the goods quality and restructuring stock exchanges. Regarding opportunities for the stock exchange, Minister Vuong Dinh Hue said it is now time to lower the interest rate:"The Ministry of Finance will cooperate with ministries and sectors to implement the strategy on developing and restructuring  the stock markets and make it an effective capital mobilization channel for the economy. We also cooperate with the State Bank of Vietnam to implement the project on foreign indirect investment management to supervise and deal with any arising problems."