State Securities Commission should operate independently, researchers

The National Assembly should establish and build State Securities Commission (SSC) into an independent agency, said researchers at a seminar in Hanoi on Thursday by the Central Institute for Economic Management and the NA Economic Commission.

A stock exchange in HCMC (Illustrative photo: SGGP)

The seminar was hosted to introduce a study on economic, legal institutions of some nations in the world and proposals to improve Vietnam’s economic institutions.

According to the study group, the State Bank of Vietnam should be developed into a modern central bank also operating independently in accordance with the law. It should excise self-control in drawing up and implementing monetary policies.

They also suggested promulgating Planning Law to unify the legal system on planning.

Besides, they requested to eliminate regulations on minimum shareholders in a joint stock company of three now and maximum members of a firm’s board of directors, it should be decided by companies themselves.

By Anh Phuong – Translated by Hai Mien

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