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180 Securities Commission staff once resigned during a 'hot' stock market

Finance Minister Ngô Văn Tuấn said that during the busy market period of 2010–2012, 180 of more than 300 Securities Commission staff at one point resigned to join businesses, so a mechanism to retain staff is needed. At the National Assembly session on the morning of October 28 discussing amendments to the Securities Law, delegate Trần Hoàng Ngân said the market had suffered trading halts once or twice in 26 years, with more than 14 million accounts participating, and proposed IT infrastructure investment and continuous trading without a lunch break. Delegate Bùi Xuân Hải opposed the draft's removal of the requirement that a general director comply with the law and urged keeping the current provision. The minister said protecting investors' rights and interests is the most important goal of the law. Under the stated direction, the Ho Chi Minh City exchange would focus on stocks, while the Hanoi exchange would study becoming the venue for bonds and derivatives.

Summary written by Upside AI from the original article. Read the source for full details.

Original headline: 180 cán bộ Ủy ban Chứng khoán từng xin nghỉ việc khi thị trường 'nóng'

Read the original on CafeF ↗

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