Revised Securities Law tops NA agenda

National Assembly deputies discussed the revised Securities Law on Tuesday at the ongoing eighth session in Hanoi.

Chairman of the Committee for Economic Affairs Vu Hong Thanh said the revised Securities Law is a milestone in ensuring the quality of goods and attracting foreign investment to Vietnam. He said: "The revisions include additional tasks and authorities to enhance the role and responsibility of the State Securities Commission in organizing, managing, and monitoring securities activities to ensure the rights and benefits of investors."

Deputies said the revised Securities Law aims to stabilize the legal environment, develop the securities market, ensure the rights of investors, and enhance the state's securities management capacity. Deputy Mai Thi Anh Tuyet of An Giang province said: "The law has been amended to resolve existing issues and conform to international standards within Vietnam's securities market. I suggest there should be only one security stock exchange to govern, manage risks, and conduct securities transactions. The law needs to clarify the responsibilities and relations between stock exchanges."

The same day, deputies listened to a report on a draft resolution on the charge-off of tax debts, waiving fines for late tax payment and for tax payers who cannot afford their payment.

Source: VOV5