In response to the vibrant developments of the stock market, the State Securities Commission (SSC) has just issued a document requesting the Securities Exchange (SGDCK), Vietnam Securities Depository and Clearing Corporation (VSDC), and securities companies to strengthen supervision work, ensuring the market operates safely and stably.
The State Securities Commission requires SGDCKs to closely monitor stock trading with strong fluctuations in increase or decrease. In case of detecting signs of unusual transactions, the Departments must conduct analysis, assessment, recommend handling options and report to the State Securities Commission for handling according to regulations. Vietnam General Directorate was assigned to direct Ho Chi Minh City General Directorate to coordinate with Hanoi General Directorate and VSDC to ensure smooth trading, clearing and payment of securities.
For securities companies, the SSC requires strict implementation of legal regulations in business operations and securities service provision. Companies must strengthen management and supervision of staff and practitioners, not allowing violations of legal regulations or rules of ethics in practice. The State Securities Commission pays special attention to the behavior of enticing and inviting people to participate in forums and groups to illegally advise on stock investment.
Along with that, securities companies need to closely monitor customers' trading activities to promptly detect signs of violations, proactively coordinate with SGDCK, VSDC and UBCKNN in supervision, inspection and examination. In case of detecting unusual signs, the companies are responsible for reporting to the management agency for handling in accordance with regulations.
The above requirements were made in the context of the vibrant developments of the stock market with record trading sessions.
The stock market on August 5 recorded record liquidity on both HoSE and HNX exchanges. The total transaction value reached about VND 83,830 billion - the highest level ever. Most recently, the trading session, which was considered vibrant at the end of July, only recorded liquidity of nearly VND63,300 billion.
According to statistics from Vietnam Securities Depository and Depository Corporation (VSD), the market recorded 226,341 new trading accounts opened in July. Of which, domestic individual investors opened 225,989 more accounts, bringing the total number of accounts in this group to more than 10.4 million, accounting for 99.3% of the total market. Accumulated for the first 7 months, the market had nearly 1.2 million more accounts, most of which belonged to individual investors.
According to the Stock Market Development Strategy to 2030 approved at the end of 2023, Vietnam aims to reach the milestone of 9 million trading accounts by 2025 and 11 million accounts by 2030. Thus, the 2025 target has been completed 2 months ahead of schedule.
