Prime Minister: Strictly handle the dissemination of false news that affects the market
Ministries and branches were directed to continue implementing measures to stabilize the financial market, including handling acts of spreading false rumors.
In the recently sent dispatch, the Prime Minister requested 6 ministries and agencies to continue performing the assigned tasks in the two dispatches dated December 3, 2021 and April 7, 2022. This is to ensurebond marketoperate safely, effectively, healthily, and protect the legitimate rights of investors.
In particular, the Ministry of Information and Communications is assigned to strictly handle acts of providing inaccurate information that negatively impacts the market.
Last week, after the incidentMr. Trinh Van Quyet - Chairman of FLCand Mr. Do Anh Dung - Chairman of Tan Hoang MinhAfter being arrested, many individuals took advantage of the situation to post false, unverified information claiming that the authorities would prosecute and handle influential individuals and businesses in the area.finance and securitiesSince then, investor sentiment has been affected, red often dominates the stock market, and stock liquidity tends to decrease each session.
The Ministry of Public Security later affirmed that it would strictly handle those who spread false information affecting the investment and business environment.
Also in this telegramThe Ministry of Finance, the State Bank, and the Ministry of Planning and Investment are assigned to closely monitor developments in the domestic and international financial, monetary, stock, and bond markets. This is to promptly take measures to stabilize the market.
These agencies also need to provide accurate information on management orientation, macroeconomic situation, financial-monetary system safety, implementation of the Economic Recovery Program, and business production results of enterprises to reassure and trust investors.
The head of the Government also requested measures to prevent violations of information disclosure that affect market sentiment.
The Ministry of Public Security is responsible for coordinating with the Ministry of Finance, the State Bank and relevant agencies to strengthen their grasp of the situation of the stock market and corporate bonds. At the same time, strictly handle violations of the law, especially acts of spreading inaccurate and false information that cause insecurity and loss of market safety.
The stock market has recently revealed many shortcomings, in which market manipulation has caused serious damage to investors. Regarding the corporate bond market, the Ministry of Finance said that more than half of the corporate bonds issued individually have no collateral, and are showing signs of rapid and hot growth, potentially causing consequences for the economy. The Ministry also assessed that the quality of collateral is difficult to accurately value, and fluctuates strongly according to market developments because they are projects, assets formed in the future or corporate stocks.
