Smoother path from local to int’l business

26/05/2008 -- 6:05 PM

Hanoi (VNA) – The State Securities Commission (SSC) and the Ministry of Finance will improve legal and infrastructure frameworks to make it easier for Vietnamese businesses to list in overseas markets. At a workshop entitled “Opportunities for Vietnamese businesses to list on the US Stock Exchange” in Hanoi on May 26, a representative of the SSC said the commission will finalise new legal foundations, invest in market infrastructure and enhance cooperation with other regional management agencies on information exchange and supervision work. Many Vietnamese businesses has shown keen interest in listing in foreign countries such as Singapore and the US , Head of the SSC’s International Cooperation Department Nguyen Ngoc Canh said. The businesses see an opportunity to advance their international reputation and mobilise lucrative sources of capital. When listed in foreign markets, the Vietnamese businesses would need to abide by international standards in capital, investors, expenses, accounting systems and information transparency regulations. However, he said, State management agencies are lacking qualified management staff while legal foundations are being finalised.-Enditem
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