About the reasons behind the plunge of the stock market in the recent past, Chi said the global stock market also fell sharply due to the impact of high inflation, changes in monetary and fiscal policies in many countries across the world, and this situation also has a direct impact on Vietnam's stock market.

Deputy Minister of Finance Nguyen Duc Chi speaks at the press conference.

He added that adjustments to the monetary policy, interest rate hikes and strict management of the credit room have affected the cash flows.

The official said the stock market will operate stably, safely and transparently if businesses and market members strictly implement information disclosure.

Violations will be strictly handled according to the provisions of law, while attention will be paid to strengthening inspection to monitor the market, listed companies, securities companies, fund management bussiness and investors.

In the long term, the Ministry of Finance has planned to review the Law on Securities, while promote the restructuring of the stock market to ensure the capacity of securities and fund management companies, he went on.

Bac Giang’s economy recovers with impressive growth

(BGO) - In the first nine months of this year, Bac Giang continued to record a high growth rate in socio-economic development, naming itself in the top localities nationwide. Drawing experience from Covid-19 prevention and control, the province has implemented many drastic solutions and persistently pursued the "dual goals" to recover the economy, achieving impressive results.

Vietnam’s economy to expand 7.2% in 2022: WB

Vietnam’s economy is expected to grow by 7.2% in 2022, on the back of a strong rebound in domestic demand and continued solid performance by export-oriented manufacturing, according to the World Bank East Asia and Pacific Economic Update, October 2022.

Vietnamese economy requires new momentum from business environment

A business cycle is beginning with a great deal of efforts to overcome the unprecedented difficulties caused by the Covid-19 pandemic. It is now time for enterprises and investors to return to the track, so it is necessary to create an open and conducive business environment to facilitate rapid recovery and growth.

Vietnam learns about collective economy models in Israel

A delegation of the Ministry of Planning and Investment paid a visit to Israel from September 4 to 9 to learn experience in developing the collective economy and cooperatives there.

Downtown Saigon street poised to become pedestrian zone boosting nighttime economy

Authorities in District 1 are seeking feedback from local authorities to turn Le Loi, one of the city's busiest areas, into a pedestrian-friendly zone to boost night-time tourism.

Source: VNA