Illustrative image (Source: VNA)Hanoi (VNA) – National Assembly (NA) deputieswill have a plenary discussion on October 22 focusing on the draft revisedSecurities Law as part of their ongoing eighth session.
The bill, comprising 10 chapters and 135 articles, was earlierdebated during the seventh NA session and the 36th meeting of the NAStanding Committee.
The amended contents include the conditions for stocklisting, the position, role and authority of the State Securities Commission, themodel of the Vietnam Stock Exchange, the ownership rate of foreign investorsand foreign-invested economic organizations, among others.
In the earlier discussion, members of the NA StandingCommittee agreed that the charter capital to meet conditions for stock listingis 30 billion VND (1.29 million USD).
They held that it is suitable to keep the State SecuritiesCommission under the management of the Ministry of Finance, as well as to increasein power and independence of the council.
As scheduled, the deputies will pass the bill on November26.
In the morning, the deputies will listen to a proposaldelivered by Finance Minister Dinh Tien Dung and a report by Chairman of the NAFinance-Budget Committee Nguyen Duc Hai on the verification of a draft resolutionon the charge-off of tax debts, the erase of fine on late tax payment, latepayment for tax payers that cannot afford State budget payment.
In the afternoon, they will have group discussions on theoutcomes of the socio-economic development plan and State budget in 2019; asocio-economic development plan, State budget project in and central budgetallocation plan for 2020; and a master plan onsocio-economic development investment in ethnic minority, mountainous andextremely difficult areas; among others./.
VNA
