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Securities commission asked to lower trading fees
The Vietnam Association for Securities Businesses has asked the State Securities Commission to lower the trading fee for securities firms to help overcome the recent sombre mood of the exchange.
The association suggested that the fee be reduced from 0.05 percent to 0.01-0.02 percent. If the gloomy atmosphere of the market continues, the association suggested lifting the trading fee completely.
“Recently, securities firms began reducing trading fees. They are having problems attracting more investors with trading in such a sombre state,” said Nguyen Thanh Ky, general secretary of the association.
Ky also noted that the fee reduction would protect securities firms from major losses and have a positive impact on the stock market.
Securities firms have been reducing trading fees, with some companies lifting the fees altogether. Unfortunately, the number of investors coming to the market continues to decrease.
An official from the Market Development Department under the State Securities Commission said that the commission was taking the proposal into consideration. It will draw a detailed plan on trading fees soon.
VNA
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