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Saturday,  Aug 19,2017,18:26 (GMT+7)

Deputy PM demands strict oversight of derivatives market

Lan Nhi
Friday,  Aug 11,2017,13:49 (GMT+7)
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Deputy PM demands strict oversight of derivatives market

Lan Nhi

Foreign investors show interest in Vietnam’s derivatives market - PHOTO: HNX

HANOI – Deputy Prime Minister Vuong Dinh Hue, speaking at an opening ceremony of the derivatives market on August 10, ordered strict oversight of the market.

On day one of the derivatives market’s operation, the first derivatives product was a futures contract for the VN30 Index, a sub-index of the HCMC stock exchange that gauges the performance of the 30 largest companies by market capitalization.

Hue emphasized the need of a derivatives market and a development strategy for the stock market in the future.

In 2014, the Prime Minister approved a plan for establishing and developing a derivatives market in Vietnam. Decree 42/2015/ND-CP came out a year later, providing regulations for derivatives products and market.

Hue told the Ministry of Finance to continue working with relevant ministries and agencies to finalize institutions, mechanisms and policies for the derivatives market.

 

 

 

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