State corporation buys shares to soothe market

05/03/2008 -- 10:22 PM

Ha Noi (VNA) – The State Capital Investment Corporation of Viet Nam (SCIC) announced that it will buy a number of stocks to help stabilise the stock market which has been struggling against consecutive slumps recently. The SCIC delivered its plan at a working session with the Finance Ministry and the State Securities Commission in Ha Noi on March 5. Also in a press release issued the same day, SCIC vowed it will take appropriate steps to restore investors’ confidence in the stock market. SCIC currently holds shares in more than 800 enterprises, many of which already listed their shares on the stock market.-Enditem
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