RESEARCH TO COMPLETE THE LEGAL FRAMEWORK FOR DEVELOPMENT OF VIETNAM'S STOCK MARKET TO MEET INTERNATIONAL TRENDS

Abstract

In the integration trend, Vietnam needs to mobilize capital for economic growth through the financial market, so it is of great interest to study and perfect the legal framework to create a foundation for the development of the stock market. Research on the basis of surveying 100 subjects who are the relevant Boards of Directors, Heads and Deputy Heads of some securities companies in Ho Chi Minh City and Hanoi to see the actual application of the legal framework. stock market in Vietnam. The results show that the current legal framework is relatively complete, but there are still some shortcomings in terms of consistency and timeliness in amending and supplementing the system of legal documents, payment and clearing. lack of systematicity, as well as a number of regulations on accounting, information disclosure and supervision that have not met practical needs. From there, the study proposes a number of solutions in the direction of building a legal framework in line with international practices, improving consistency and timeliness, completing the payment and clearing system as well as other regulations. information regulations. This contributes to a healthy legal environment for the Vietnamese stock market to develop in response to the trend of international integration.