JavaScript is off. Please enable to view full site.

Vietnam to cut, exempt state-regulated securities fees to help market: finance ministry

Friday, March 20, 2020, 10:15 GMT+7
Vietnam to cut, exempt state-regulated securities fees to help market: finance ministry
A woman rides a bicycle past a Stock Exchange center in Hanoi, July 21, 2015. Photo: Reuters

HANOI, March 19 -- Vietnam on Thursday decided to cut or exempt state-regulated securities fees for more than five months to help the local stock market which is hit by the coronavirus, the Ministry of Finance said on Thursday.

The ministry said in a statement it would exempt six types of fees, such as for listing and registration, and cut nine other fees by 10%-50% for such services as securities custody, derivative transactions and position management.

“The decision came amid the complicated evolvement of the COVID-19 disease that has caused difficulties for companies and sent the stock market down,” the statement said.

The stock market benchmark VN Index has plunged 24.5% so far this year.

Weeks after declaring the recovery of all 16 of its coronavirus sufferers, Vietnam has confirmed 76 infections as of Thursday, but no deaths.

Reuters

More

Read more

;

Photos

VIDEOS

Experience summer sand-boarding in Mui Ne

Sand-boarding, a popular activity amongst local children in the coastal tourism town of Mui Ne in south-central Vietnam, is attracting hundreds of tourists to the Red Sand Dunes

Young maple trees given better protection as Hanoi enters rainy season

The trees are currently growing well, with green leaves and healthy branches.

Hunting skinks for food in southern Vietnam

Skink meat is known to be soft, tasty, and highly nutritious.

Vietnamese-made app allows people to grow real veggies via smartphone

Nguyen Thi Duyen, a young engineer in Hanoi, developed the app and its related services to help busy people create their own veggie gardens.

Chinese tourists hit by Vietnamese over dine and dash

Four Chinese were reportedly injured, with one having a broken arm.

Latest news