The Vietnamese news website VnExpress quoted Huang Wenqiu, vice chairman of Vietnam's National Securities Commission, as reporting that the regulatory authorities are considering lifting the midday market closure and easing the daily rise and fall limits for individual stocks, with the aim of improving stock market liquidity and increasing attractiveness to investors. Huang Wenqiu said at the Ministry of Finance briefing on Tuesday that regulators are still evaluating the cancellation of some regular collective bidding periods. The timing of implementation has not yet been determined. The report said that the exchange will evaluate the impact of the above reform plan on market stability, technical systems and operations before formulating an implementation roadmap. Vice Minister of Finance Ruan Dezhi said at the same meeting that the relevant departments are still studying shortening the settlement cycle and gradually moving towards a T+0 transaction mechanism. Note: The media reported last month that the Ho Chi Minh Stock Exchange proposed to raise the intraday rise and fall limit from 7% to 10% by the end of December. Vietnam is considering easing the intraday rise and fall rate of stocks after FTSE Russell upgraded the market classification.

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