Nhan Dan newspaper, State Securities Commission sign agreement

Nhan Dan newspaper and State Securities Commission (SSC) on December 19 signed a co-operation agreement to disseminate information on stock and stock market operation on the online version of Nhan Dan newspaper during the 2014-2016 period.

Head of Nhan Dan Online Department Phan Huy Thang (right) and Head of the SCC Office Nguyen Tien Dung sign the agreement. (Image credit: Nhan Dan Online)
Head of Nhan Dan Online Department Phan Huy Thang (right) and Head of the SCC Office Nguyen Tien Dung sign the agreement. (Image credit: Nhan Dan Online)

Under the agreement, the SSC is responsible to provide regular information in the field for Nhan Dan Online newspaper to publish, while directing its member units operating in the field of securities market management to co-ordinate and facilitate providing daily information on the stock market to the newspaper.

Nhan Dan newspaper is tasked with ensuring accurate and timely issue of information about securities and securities market provided by the SSC and its member units.

Speaking at the signing, Deputy Editor-in-Chief of Nhan Dan newspaper, Le Quoc Khanh, said that the establishment of daily securities electronic page on Nhan Dan Online shows strong determination by the newspaper in innovating and improving the effectiveness and efficiency of its work and optimising the use of information resources to help successfully fulfill national socio-economic development tasks.

Khanh stressed that the column offers an official channel to timely, accurate information to readers about activities of management agencies, as well as new enacted policies and laws in the field of securities and operations of participants in Vietnam stock market, while creating more a reliable assessment tool for investors and helping businesses attract capital more effectively.

Affirming the importance of transparency of information, SSC Chairman Vu Bang said that the communication is vital — the co-operation agreement signed between the two agencies will be the initial step in providing objective and accurate information on stock market to readers and investors.

Over the last 11 months of this year, Vietnam's stock market has been classified among the top ten countries witnessing the strongest recovery, with market capitalisation reaching approximately 33% of GDP, contributing 22% of total social investment.