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Successful launch of the Market Surveillance System by the State Securities Commission of Vietnam
Hanoi - On 19th March 2013, the State Securities Commission of Vietnam (SSC), the Embassy of Luxembourg in Vietnam and FPT Information System (FPT IS) launched the first-ever Market Surveillance System (MSS) in the securities markets of Vietnam. This event marks a new development stage of transparency improvement in the securities markets of Vietnam and strengthens regulation and supervision capacity over trading activities.
The Market Surveillance System is an important achievement of Luxembourg’s bilateral development cooperation partnership with the State Securities Commission in the context of bilateral project VIE/026 – Capital Markets Development in Vietnam. This project is part of an ambitious programme concluded between the Governments of Vietnam and Luxembourg to strengthen the fast developing finance and banking sector in Vietnam, and more specifically the capital markets in Vietnam. Project VIE/026, which started in May 2008, has achieved its objectives and is drawing to a close with the successful launch of the Market Surveillance System.
Please find the speech of the Chargé d’Affaires a.i. of Luxembourg in Vietnam, Mr Marc Franck, as well as a press release by SSC.