Specifically, MOF will:
(1) In 2011, develop plan to restructure the local stock market and submit the plan to the Politburo of the Communist Party of Vietnam for opinions on implementation direction and orientation.
(2) In Q1/2012, develop detailed plan on the basis of assessing thoroughly conditions and review all regulations related to restructuring process and submit it to the Prime Minister for approval.
(3) In 2012 - 2013, focus on restructuring financial institutions (including securities, funds management, and insurance companies) according to the approved plan.
(4) In 2012 – 2015, restructure stock exchanges, segregate areas for stock, bonds and derivatives market.
(5) In 2012 – 2015, reorganize the stock market through classifying securities, imposing stricter regulations for securities listing and issuance, etc. and introduce new products. In 2012, MOF will pilot the model of securities investment companies, open-ended funds, etc.
Deputy Prime Minister, Vu Van Ninh, also directed MOF and State Securities Commission (SSC) to promptly implement restructuring measures to make the stock market become the main capital channel for the economy.
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