Investors on the HCM Stock Exchange (HOSE) in HCM City. Fees for four types of services on the derivative securities market will be reduced to a more reasonable level.— VNA/VNS Photo Hoang Hai The Ministry of Finance has approved a plan to reduce the fees for some types of securities-related services this week to support market members and investors badly impacted by the COVID-19 pandemic. According to the Chairman of the State Securities Commission Tran Van Dung, the move aims to stabilise investors’ psychology, soothe the roiled market and ensure social security amidst the pandemic. “Under the plan, fees for four types of services on the derivative securities market at the Vietnam Securities Depository will be cut to a more reasonable level,” said Dung “The commission will consider slashing prices for other services and ask for the ministry’s opinion where necessary to support investors and the market,” Dung said. Due to the complicated movements of the COVID-19 pandemic, the Vietnamese stock market has been in downfall with foreign investors bailing out. On the Ho Chi Minh Stock Exchange, the VN-Index has tumbled 24.8 per cent over the last six weeks to hit its lowest level since June 2017. Market sentiment… Read full this story
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