Day manh
cai each dich vu tai chmh dap Ij'ng yeu cau hoi nhap theo cam ket trong CPTPP
Dich vu tai cliinh (DVTC) co vai tro r a t quan trong trong phat tri&'n Icinh te - xa hfii cua dSt nr(dc. Ttf khi hdi nhap, Vidt Nam da co nhieu n6 Itfc trong cai each DVTC. Tuy nhidn, trong bd'i canh Hiep dinh Dd'i tac toan didn va tien bo xuydn Thai Binh DiTcTng (CPTPP) co hieu Itfc tiJf ngay 30/12/2018 dd'i ydi nhom nu'a d l u tidn hoan thanh thu tuc phd chu^n, thi viec tie'p tuc day manh cai each DVTC nham dap tfng yen cau hoi nh$p noi chung, ydu c i u cua CPTPP noi rieng ngay cang trd ndn c i n thie't, tham chi la biJc xue.
CAC CAM KET HOI NHAP VE DjCH VU TAI CHINH TRONG CPTPP CPTPP da chinh thtfc cd hieu life dd'i vdi Vifit Nam kd ttf ngay 14/01/2019.
Theo dd, Viet Nam phai thtfc hien eae earn kfi't md effa thj trffdng DVTC theo Id trinh quy dinh.
Cam ke't ve DVTC trong CPTPP dtfdc the hien tai Chtfdng 11 cua Hiep dinh. Chtfdng nay quy dmh quyen va nghTa vu cua eae td ehtfe tai chinh, nha cung cap dieh vu tai chinh, nha dau tff trong ITnh vtfe dieh vu tai chinh va cac cdquan cd tham quyen qudn Iy ciia cdc ntfdc thanh vien trong CPTPP. Chtfdng DVTC bao gdm cdc nghTa vu cd't ldi ttfdng ttf nhff eae hifip dinh khde, ma Viet Nam da ky ke't, bao gdm: (i) Dd'i xff qud'c gia; (li) Dd'i xff td'i hue qud'c (iii) Md cffa Ihi trtfdng (iv) Thtfdng mai qua bien gidi; va (v) NhSn stf cap cao va ban gidm doe.
Ngoai viec dieu chinh quyen va nghTa vu ciia eae bfin lifin quan de'n ITnh vifc dich vu tai ehinh, Chtfdng II edn dieu chmh cdc ndi dung dp dung cheo tiJf chtfdng dau ttf, nhtf: nguyfin tae dd'i xff
td'i thidu, cd che' gidi quye't tranh eha'p nha dau tff va nha nffdc vdi cd chfi' than trpng.
Ngoai ede nghia vu nfiu tren, khudn khd CPTPP cdn cd mdt so' cam kel nghTa vu mdi so vdi mat bdng cam ke't trong WTO, nhff sau:
- Cung cdp dich vu tdi chinh mdi: Yeu eau cac nffde thanh vien khdng phdn biet dd'i xff giffa td chtfc tai chinh eiia minh va td chffc tdi chinh cua cdc nffdc CPTPP khi cung ea'p dieh vu tai chinh mdi trong nhffng hoan canh tffdng tff, vdi dieu kifin khdng phai xay dtfng mdi hoac sffa ddi lual hoae quy dinh de' ca'p phep ddi vdi cdc DVTC mdi cho cdc td chffc dich vu nffdc ngoai.
- xa ly thdng tin: Khdng yeu cau cac bfin trong CPTPP phai eung cap hoac cho phep tifi'p can thdng lin lien quan de'n ede van de tdi chinh va cac tai khoan eiia khaeh hang ed nhan hoac td ehtfc cung cap dich vu tai chinh qua bien gidi hoac bat ky thdng tin nao, ma viee lie't lg thong tin do can trd phap luat hoac ldm phtfdng hai Idi ieh thtfdng mai hdp phdp cua cdc doanh nghifip eu the.
- Cdc bien pkdp minh bgch vd qudn ly: Dfi cde td chffc tai chinh cua CPTPP ed the lie'pean vd hoat ddng hieu qud tren thi trtfdng ciia nhau, cac ntfdc thdnh vifin can minh baeh hda cac chinh sdeh quy dinh hoat ddng eiia ede td ehtfc tai chinh thdng qua viee cdng bd'cdng khai cdc luat, quy dinh trtfdc khi ban hanh/dang dtfdc dp dung va giai quye't thda ddng cdc gdp y lien quan.
"ThS., Vien Nghien cffu Quan ly kinh te Trung tfdng
HINH SACH DEN CGOC SONQ
Cd quan quan ly eua cdc ntfdc CPTPP ciing phai cam kfi't khung thdi gian nha't dinh (120 ngdy) de phue ddp nha dau tff trong qua trinh ed'p phep.
- Cdp phep nkanh cdc dich vu bdo Mem: Cde ben se nd life duy tri hoac cai thien cdc thu tue hien hanh, nhtf: viec cho phep gidi thieu san pham trong mdt thdi gian hpp ly, khdng yfiu cau hoac eha'p thuan ca'p phep san pham dd'i vdi san pham bdo hiem khde hoac bao hiem ban cho cd nhan, bao hiem bat bupc.
THL/C TRANG CAI CACH DICH VU TAI CHINH CUA VIET NAM THCfl GIAN QUA
Cat cdch dich vu bdo hiim
Bao hiem la mdt trong nhffng ITnh vffc cd mffc dd earn kfi't md cffa thi trff&ng khd rdng trong DVTC. Ttf khi Viet Nam trd thdnh thanh vien eiia WTO (nam 2007) cho tdi nay, he thd'ng phdp luat chuyfin nganh ve kinh doanh bdo hiem da dtfde ra sodt, sffa ddi, bd sung nham thtfc hien cdc cam ke't qud'c tfi' cua Viet Nam trong ITnh vtfc kinh doanh bao hiem. Luat Kinh doanh bdo hidm dtfdc ban hdnh lan dlu nam 2000 dd dtfdc dieu chinh, bd sung nam 2010 vd gin day nha't la ngay 14/06/2019. Ludt Kinh_ doanh bdo hiem sffa ddi eiing ede van ban htfdng ddn da xda bd rao cdn va phan biet ddi xff vdi cdc doanh nghiep bao hiem cd vd'n dau tff nffdc ngoai. Luat mdi nam 2019 cdn bd sung Chtfdng 5 quy dinh ve hoat dgng kinh doanh bao hiem xuyen bien gidi, mdt trong nhffng yeu cau mdi ve dich vu tai chinh theo cam ke't cua CPTPP. He thdng vdn ban phdp luat ve bdo hiem da tffng bffde dffde hoan thien theo hffdng ngay mdt chi tifi't, rd rdng va minh bach ve cdc quy dinh do'i vdi ttfng ITnh vtfe bao hiem. Cu the:
- Cdc lieu chi ve cd'p phep cho doanh nghifip bao hiem boat ddng dtfdc edng khai, minh baeh va Itfdng hda, nhtf; nang life tai ehinh, so' nam kinh nghiem hoat dgng, nang life quan tri cua chu dau ttf nham bao dam sang lgc, chpn Itfa cdc ehu dau tffed uy tin, cd nang Itfc tdi chinh, tiem nang phdt trien manh va cam ke't lam an idu dai tai Viet Nam.
- Cae rao can, phan biet dd'i xff dtfde xda bo, lao stf binh dang cho ede ehu dau tff gdp vd'n thdnh lap doanh nghifip bao hiem theo dung cde nghTa vu da cam kfi't ve dd'i xff qud'c gia. dd'i xff td'i hue qud'e. Cae cdng ty bao hiem trong ntfde va nffde ngodi deu dtfdc dieu ehinh bdi cung mot khung phdp ly. Cdc quy dinh ve gia nhdp thi trtfdng, nhtf: vd'n td'i thieu, ky quy.
thu tuc cap phep, cac quy dinh ve dam bao kha ndng thanh loan deu dtfdc dp dung ehung cho ea nha dau ttf trong ntfde va ntfdc ngoai. Mdt sd' quy dinh nha dau ttf ntfde ngoai bi han che hdn nhd dlu ttf trong ntfdc, the hien tai cdc van ban phdp ludt trffdc ddy dd dffdc xda bo.
- Khung phdp ly eho vific thanh lap chi nhdnh doanh nghifip bao hiem phi nhan tho nffdc ngodi lai Viet Nam va viee eung cap dich vu bao hiem qua bien gidl da dffdc \ay dffng theo dung Id trinh cam ke't.
- Su'a ddi quy dinh ve che' dp ke' lodn dp dung cho doanh nghiep bdo hiem phii hdp vdi cac chuan mtfc kfi' todn quoc tfi' va Chuan mtfc Ke' loan Viet Nam (Thdng tff sd' 232/2012/TT-BTC, ngay 28/12/2012).
- He thd'ng chi tieu gidm sdt doanh nghiep bdo hiem dtfdc sffa ddi theo htfdng tdng ctfdng tinh ttf chu eua doanh nghifip trong qud trinh quan tri tai chinh, cho phep doanh nghiep tff xdc dinh va bd sung ngudn vdn cin thifi't ttfdng tfng vdi quy md vd rui ro hoat ddng ciia doanh nghiep. Ben canh dd, he thd'ng chi tieu eung cho phep cd quan quan Iy ddnh gid, phdn Ioai doanh nghifip. de ttf dd cd cd chfi' quan Iy, gidm sdt phu hdp (Thdng ttf sd 195/2014/TT-BTC, ngay 17/12/2014).
- Cae quy dmh ve ehe dp lai chinh cua doanh nghiep bdo hiem dtfdc dtfa ra nhdm ddm bdo stf phdt trien an todn va lanh manh cua thi trffdng, han che dtfdc cdc dnh hffdng tieu ctfc ttf khung hoang kinh te' tai chinh tde ddng len cdc doanh nghiep bao hiem.
Cdi cdch dich vu ngdn hdng Mdt trong so' nhffng yeu eau dai ra dd'i vdi ngdnh ngan hang trong bd'i cdnh hdi nhap, canh tranh vdi ede td ehtfc tin dung (TCTD) qud'c le cd be day kinh nghifim vd chat Itfdng dich vu vd quan Iy hien dai la nang cao kha nang quan tri rui ro va giam ty Ie tai sdn xd'u. De thtfc hifin muc tifiu dd, tff ndm 2014 cho de'n nay, Chinh phii va Ngan hang Nhd ntfdc da ban hanh nhieu nghi dinh va thdng ttf quy dinh ve ty ifi an loan vd cdc tieu ehi kiem sodt nii ro dd'i vdi he thdng ngan hang. Cdc yeu eau mdi ve cd ca'u lai TCTD nhdm xff Iy nd xau dffdc ban hanh theo Quyfi't dinh sd' 1058/QD-TTg, ngay 19/07/2017.
Bfin canh dd. Id tnnh dp dung Basel II da dtfde Ngan hdng Nha ntfdc de ra theo Quye't dinh sd' 34/QD-NHNN, ngdy 07/01/2019 nham nang eao ehai Itfdng loan he thd'ng TCTD Viet Nam.
Mot trong nhffng yeu cau quan trpng nha't eua Basel II la dam bdo ty Ifi an loan vdn tdi thieu (CAR) it nhat Id 8%
thdng qua 2 cdch: (i) Giam tdng ldi san riii ro; va (ii) Tang vd'n ttf cd thong qua phdt hanh cd phie'u rieng le cho cde dd'i tac chien Itfdc va cd ddng hien hffu. Ngan hang Nha ntfdc cflng khuyen khich cdc ngan hang dat chuan quan tri theo Basel II trffdc thdi han quy dinh
8
bang each ffu tien cdc ehi tieu tin dung cho cde ddn vi nay.
Ngoai ede quydt dinh vd chii trtfdng ehinh sdch ehung, Ngan hang Nha ntfdc edn ban hanh Thdng ttf sd 41/2016/TT- NHNN, ngay 30/12/2016 quy dinh ty le an toan vd'n dd'i vdi ngan hdng, chi nhdnh ngan hang ntfde ngoai thay the cho Thdng ttf so' 13/2010/TT-NHNN, ngay 20/05/2010 va eap nhat eho Thdng ttf sd 36/2014/TT-NHNN, ngay 20/11/2014 va sd 06/2016/TT-NHNN, ngay 27/05/2016 ve cac gidi han an toan cua cdc TCTD, Thdng ttf sd 41 se dtfde dp dung ke tff ngay 01/01/2020 vdi nhffng quy dinh chat che hdn nhieu so vdi Thdng tff sd 36 vd Thdng tff so'06. Cu the:
- Thdng tff sd' 41 dp dung ty le an toan vd'n theo dinh hffdng Basel II. Cu the, mac dii ty le an loan vd'n (CAR) giam tff 9% xud'ng 8%, song Thdng tff bd sung thfim yfiu ciu vd'n cho rui ro thi trffdng va riii ro hoat ddng bfin canh yeu cau vd'n do'i vdi riii ro tin dung da dffdc dp dung tff cae thong ttf trffdc. Quy dinh nay tuy khien cho phan vd'n cua cac ngdn hdng tang len, nhffng riii ro dffdc kidm sodt td't hdn.
- Thdng ttf so 41 phin nao dinh hffdng cdc ngdn hdng thffdng mai hffdng tdi nhffng phan khuc khdeh hang it rui ro hdn de htfdng he sd rui ro Iha'p va tfu lien ede Ioai hinh giam thieu riii ro, du dieu kien de dtfdc gidm trtf vd'n yeu ciu. Cdc ngan hdng, trong khi thtfc hifin linh loan vd'n, ciing cd dip ra sodt lai riii ro, cung nhtf cdng tac quan ly riii ro eua tffng phdn khiic khdch hang, cdc yeu eau ve tai sdn dam bao... Tff dd, phin ndo edi thifin cdng tac qudn ly rui ro va dinh hffdng d\idc ke'hoach hdnh ddng dfi tdng etfdng edng tdc quan ly riii ro theo thdng le tien tie'n.
- Thdng ttf sd' 41 de eap de'n he so' riii ro lin dung dd'i vdi ede nhdm tai san phai ddi dtfa trfin xfi'p hang theo ehuan eiia Moody's, Fitch hoae Standard and Poor's ehi tifi't hdn so vdi Thdng ttf so' 36. Ne'u theo Thdng ttf so' 36, he so' riii ro la 0%-150%, Thdng ttf sd 06 la 0%- 200% thi he so' rui ro theo Thdng ttf sd' 41 la tff 0%-250% va phdn chia cu the\
chi tie't hdn nham phan dnh mtfc dd riii ro cffa tffng khoan vay va tffng dd'i tae.
Tdc dpng ddi vdi ngan hang la tdng tai san tinh theo riii ro tin dung (RWA) ve
cd ban se tang len, cung vdi vific xdc dinh hfi sd' rui ro cho ttfng khoan vay se phffc tap hdn, ddi hdi dd chinh xdc cao hdn. Song, cdch phan loai mdi giup cac TCTD ddnh gid ehinh xdc hdn mtfe dd nii ro eae nhdm tdi san, ma minh nam giff.
- Thdng tff so' 41 cdn khde vdi Thdng ttf so' 36' la tinh de'n gid tri tai san bdo ddm khi tinh vd'n yeu eau.
Thdng ttf sd'41 da edng nhan 4 bien phdp giam thieu rui ro tin dung, ma cde ngan hang dtfdc dp dung de tinh giam gid tri khoan phai ddi, bao gdm: (i) Tai san dam bao du dieu kifin (nhtf: tien mat, vdng, gia'y td cd gid..,); (ii) Bu trff sd' dff ndi bang; (iii) Bao lanh cua bfin thff ba; vd (iv) Sdn pham phdi sinh tin dung, tff dd gidm vd'n yfiu ciu, Quy dinh nay dffa ra cdi nhin edng bang hdn ve tai san cd nii ro, vi ede khodn phdi ddi ed tdi sdn dam bao hdp lfi se it rui ro hdn va do dd dtfdc tinh gidm vd'n yeu cau,
Bfin canh vifie tang ctfdng dp an todn vd qudn tri rui ro eho cac TCTD. Chinh phii va Ngan hang Nhd ntfde cdn de ra ehii trtfdng hien dai hda he thd'ng ngan hang thtfdng mai va dich vu tai chinh de ddp tfng yeu cau hdi nhap va tang kha nang eanh tranh ciia cdc TCTD trong ntfdc.
Phdt trien he thd'ng thanh todn khdng dilng tien mat, xay dtfng va nang ea'p ha tang thanh todn qud'c gia Id muc tieu dd dtfdc Ngan hang Nha ntfde trien khai xuyfin sud't ttf 2011 de'n nay, Mue dieh ciia viee xay dffng he thd'ng thanh todn khdng dung lien mat de tao tien de trien khai ede dich vu thanh todn mdi, chu yfi'u se dtfdc thtfc hien qua mang intemet de phit hdp vdi Ian sdng cdng nghfi so va cdch mang cdng nghiep 4.0. Day eung la mpt kfi' hoach de chuan bi cho viec cd them nhieu loai hinh djch vu tai ehinh se vao thi trtfdng Viet Nam, dac biet ichi hiep dinh CPTPP ehinh thtfc cd hifiu life.
Song song vdi vific xay dtfng mdi trffdng phdp ly de phdt trien nen tang thanh todn hifin dai, Ngdn hdng Nha ntfdc eung de ra ehifi'n Itfde phdt trien dieh vu tai chinh theo hffdng da dang hda va hien dai hda. Ngan hang Nhd nffde dd ban hanh Ke hoach ffng dung cdng nghfi thdng tin cila cde TCTD cho giai doan 2017-2020 theo Quye't dinh sd 448/QD-NHNN, ngay 27/03/2017.
Theo do, Ke' hoaeh hffdng tdi ddi mdi cdng nghfi va da dang hda cdc dieh vu, sdn pham mdi tren nen tang khdng gian mang de md rpng pham vi, thdi gian, dd'i ttfdng tiep ean va sff dung dich vu ngan hang; chua'n hda ha tang cdng nghe thdng tin theo ede tifiu chuan edng nghe trong nffde, qud'e tfi' va td'i ifu hda hieu qua dau tff ha tang cdng nghe thdng tin va ddm bao an ninh, an toan va boat ddng hen tuc eua cdc he thdng thdng tin ngan hang nham phii hdp vdi xu hffdng phat tnen cdng nghfi thdng tin va ffng dung trong nganh ngan hdng trfin the' gidi. Quyfi't dinh so 986/QD-TTg, ngay 08/08/2018 khuyfi'n khich da dang hda cdc kfinh eung ffng dich vu ngdn hang, nhff; E-banking, mobile bankmg, internet banking; khuyfi'n khich hdp tdc giffa
' Chi tinh gia tn tai sand o cho irich lap dif phong
HINH SACH DEM CUOC SOMG
ngan hdng va td chffc cdng nghfi tdi chinh (Fintech);
lao mdi trffdng phap ly cho viec phdt trien ede to ehffc Fintech an todn, hifiu qua; ban hanh ehuan kfi't nd'i giffa cac TCTD vdi nhau va giffa cdc TCTD vdi cac td ehtfc Fintech; phat trien cdc san pham tai chinh vi md linh hoat, ed eau true ddn gian, dfi hieu, phu hdp vdi nhu ciu dai bg phan ngtfdi ddn, dac bifit Id ngtfdi ddn d ndng thdn, viing sau, viing xa.
Ddm bao an todn thdng tin do'i vdi hoat dgng ngan hang cung la mdt yfiu cau Ngan hang Nhd ntfde dat ra trong bd'i canh cac dich vu ngdn hang ke't hdp cdng nghfi thdng tin se phdt trien manh me trong thdi gian ldi. Cae thdng ttf sd 47/2014/TT-NHNN. ngay 31/12/2014; 31/2015/TT-NHNN, ngdy 28/12/2015;
35/2016/TT-NHNN, ngay 29/12/2016 va 18/2018/TT- NHNN, ngay 21/08/2018 da dtfa ra cdc quy dinh ve dam bdo an toan va bao mat thdng tin eiia khaeh hdng dd'i vdi td chffc khi cung ca'p cdc DVTC, thanh todn, nhifng khdng Iam suy giam kha nang eung ffng dieh vu eua td chffc.
Cdi each thi trUdng vd sdn phdm ehdng khodn Lan sdng dau tff vao Viet Nam cd the se gia tang sau khi CPTPP chinh thffc ed hieu life, dae biet khi nhffng Idi ieh, ma Hiep dinh mang Iai dffde the hifin qua cdc so' lieu tang trtfdng kinh tfi' trong ntfdc. Dieu nay se khie'n cho Viet Nam trd nen ha'p dan hdn dd'i vdi cde nha dau ttf ntfdc ngodi. Kenh ha'p thu cac khodn dlu ttf nay chu yfi'u thdng qua thi trtfdng chffng khoan. Do vdy, thi trffdng chffng khoan trong ntfdc cung can ed nhffng cai cdch nhd't dinh de dap ffng yeu elu hdi nhap,
Quye't dinh sd 242/QD-TTg, ngay 28/02/2019 phfi duyet De an "Cd cd'u lai thi trffdng chffng khodn va thi trffdng bdo hiem dfi'n nam 2020 va dinh hffdng de'n nam 2025 " dd ra muc tieu cd ca'u Iai toan difin de' thi trtfdng chffng khodn trd thanh kfinh ddn vd'n trung va dai han quan trgng cho nen kinh te'; xay dtfng ed ca'u hdp ly, can bdng giffa thi trtfdng tien tfi vd thi trtfdng vd'n, giffa thi trffdng eo phieu vd trai phifi'u, giffa trai phieu ehinh phii va trdi phie'u doanh nghifip de tang cffdng md effa va hgi nhap vdi thi trtfdng khu vtfe vd die gidi.
Mdt trong nhffng trgng tdmcdcd'u lai thi trtfdng chffng khoan trong ntfde, dd la hoan thien ed sd phdp ly cho cdc hoat ddng dau ttf trfin san chffng khoan nhdm tang cffdng do minh baeh, an loan, bao vfi quyen ldi nha dau tff, eung nhff; (i) Phdt trien cdc dich vu dlu ttf mdi, nhtf;
giao dich trtfe tuyen, giao dich tff ddng (onhne-lrading);
(ii) Quan ly danh muc ttf dpng (AI asset management);
(iii) Tff va'n tff ddng (robo-advisory); (iv) So' hda cac tai sdn tai ehinh trfin thi trffdng chffng khodn dp dung cdng nghfi tai ehinh nidi (Fintech) di chuan bi eho lan sdng cung ffng cdc dieh vu quan ly; vd (v) Phan tich dau tff xuyen bifin gidi trong khudn khd cua CPTPP, Theo dd, Lual Chffng khodn dang dffdc tifi'n hdnh sffa ddi nhdm hoan thifin khung khd phap luat dlu Iff chffng khodn phu hdp \di bdi ednh mdi.
Mdt difi'm mdi dang lffu y ciia dtf thao Luat Chtfng khoan sffa ddi, dd la ndi ly lfi sd htfu cua nha dau ttf ntfde ngoai dd'i vdi edng ty dai ehiing trong ntfdc ttf 49%
Ifin 100%, ngoai trff trtfdng hdp dieu tfdc qud'c tfi' ma Viet Nam la thanh vifin hoac phdp luat chuyfin ngdnh cd quy dinh cu the tha'p hdn vd ty lfi sd hihi ciia nha dlu ttf ntfdc ngoai. Vifie md rgng gidi han ndy se tao dieu kien cho nhieu CO phie'u cua edng ty Viet Nam du didu kien tham gia vdo chi sd' MSCP cde thi irtfdng mdi ndi. Qua dd, giiip cho cdc cdng ty trong ntfde cd nhieu dieu kifin huy dgng ttf ngudn vd'n ddi dao eiia nhd dau ttf ntfde ngoai.
Da dang cd sd hang hda trfin thi trtfdng chffng khodn la trgng tdm ke'tifi'p cua cd ea'u lai thi trtfdng chffng khoan.
Trong dd, sdn pham chffng khodn phdi sinh (CKPS) dtfde ehu trgng trien khai nhdm hoan ehinh cd'u true thi trffdng chffng khodn. CKPS dtfde xay dffng theo Id trinh ttf ddn gian de'n phffc tap, dam bao khd nang qudn ly, gidm sdt cdc riii ro trfin thi trffdng.
Hffdng dan ehi tifi't ve sdn pham, hoat ddng giao dich va khung phdp ly cho td ehffe kinh doanh CKPS dffde quy dinh tai Nghi dinh sd 42/2015/ND-CP, ngdy 05/05/2015; Thdng ttf so II/20I6/TT- BTC, ngay 19/01/2016 va Thdng ttf sd 23/2017/TT-BTC, ngay 16/03/2017.
M O T SO G I A I PHAP THUC DAY CAI CACH DVTC THCJl GIAN TC(I
Dd'i vdi dich vu bao hiem TkU nkdt, tifi'p tuc hodn thifin khung khd phdp ly dd'i vdi hoat ddng kinh doanh bao hiem, tao hanh lang phdp ly minh baeh, vffng ehdc cho thi trtfdng phdt trien binh ddng, bfin vffng, dam bdo khdng phan bifit dd'i xff giffa nha dau ttf trong va ngoai ntfdc, trien khai xay dffng ede quy dinh phdp Iy theo dung Id trinh da cam ke't. nham vffa thffc hien earn ke't, vffa ddm bao eho sff an todn ciia thi trffdng vd cdc doanh nghifip trong nffdc.
Thff kai, khuyfi'n khieh cdc doanh nghiep can tff ra sodt, dieu ehinh cdc quy trinh kinh doanh. Qua dd, nang cao hieu qua hoat ddng. ndng ltfe lai chinh yd cha'l Itfdng phuc vu. phdt trien san pham theo hffdng linh hoat. dap ffng dtfdc nhu
' Morgan Slanlc\ Capital Internaiional
10
cau da d^ng cua khdch hang. Vifie phat trien ehidu rdng phai dtfdc di kem cung phat trien ehidu sau thdng qua viec tang effdng tfng dung cdng nghfi thdng tin trong qudn tri doanh nghifip. Dae bifit, chtf trgng tdi chd't Itfdng cua ddi ngu dai ly vd ede kenh phan phd'i, dau ttf dao tao phdt trien ngudn nhan life, dae biet Id ddi ngu ehuyen gia linh phi.
Tha ba, xay dtfng cd ehfi' chinh sdeh theo htfdng gidm thidu cdc th^ tuc hanh chinh, tang ctfdng ndng life tai chinh, hifiu qua hoat ddng vd nang life canh tranh eiia cac doanh nghifip. Phffdng thtfc qudn Iy, gidm sat se dtfdc ddi mdi theo htfdng tang ctfdng dd'i thoai trtfc tifi'p, nam bat sdt sao tinh hinh eua doanh nghifip de kip thdi gidi quye't khd khan, vtfdng mde eua doanh nghifip trong qud trinh hoat ddng,
Tha tu, tdng ctfdng hdp tac qud'c te" de trao ddi, hpc hdi kinh nghiem qudn ly, gidm sat vdi cdc cd quan quan ly gidm sdt cdc nffde; Tan dung cac hd trd ky thudt tff ede td ehtfe qud'c tfi', nhff: lAIS, WB, ADB de tang etfdng nang life qudn ly, gidm sdt cua ddi ngQ edn bd qudn ly, nang life qudn tri doanh nghiep eho thi trffdng bao hifi'm.
Do'i vdi dich v^i ngSn hang - Tiep tue hoan thifin khudn khd phdp ly vd tien te, ngan hang tren cd sd tuan thu dly dli ede quy luat eua kmh tfi' thi trffdng, phu hdp vdi thdng Ie qude te' va ddp tfng yeu ciu hdi nhdp.
- Tang cffdng hieu Iffc, hifiu qud he thd'ng thanh tra, gidm sat ngdn hang, phu hdp vdi thdng le va chuan mtfe qud'c tfi'.
- Phat trien san pha'm, dieh vu ngan hang hien dai, tao cd sd nang cao khd nang tifi'p can dich vu ngdn hang. Phat tridn hfi thd'ng cac TCTD du nang life canh tranh trfin thi trtfdng ndi dia, tffng btfdc nang cao ndng ltfe eanh tranh qud'c tfi'.
- Hodn thifin md hinh eae td ehtfc tdi chinh khde hoat dpng trong ITnh vffe ngan hang. Tang cffdng ffng dung, phdt trifin khoa hpe, edng nghe va phdt tridn ngudn nhan ltfe eua nganh ngan hdng.
- Tang ctfdng hdp tdc qud'e tfi' vd da'y manh tien trinh hpi nhdp qud'e te'trong ITnh vtfe ngdn hang. Ddng thdi, tang ctfdng vd nang eao hifiu qua edng tde truyen thdng cua Ngdn hdng Nha ntfdc.
Do'i vdi dich vu chiiTng khoan
- Hoan thien khung phdp ly va nang eao ndng Itfc qudn ly, gidm sat: Hoan thdnh dtf thao Luat Chffng khodn (sffa ddi); nghien cffu, dff thdo cdc Nghi dinh va van ban htfdng ddn thi hanh Ludt Chtfng khodn (sffa doi). Dong thdi, phd'i hdp ehat ehfi giffa ed quan qudn ly nha nffde trong vific hodn thien khudn khd phdp ly, dieu hdnh thi trffdng chtfng khoan, boat dpng giam sdt va cffdng chfi' thffc thi nham dam bdo an loan cho thi trffdng chffng khoan.
- Da dang hda cdc sdn phd'm chffng khodn, trien khai san pham ehtfng quyen cd ddm bao (Covered Warrant) vd hdp ddng ttfdng lai trdi phie'u chinh phu.
Cung vdi dd, nghifin cffu xdy dffng ede chi sd' mdi de ldm tdi sdn ed sd cho cac san pha'm phdi sinh, nhff; ehi sd' chung cua hai sd giao dich chffng khodn (VNXMid/
Small, VNX200); chi sd'High Dividend Index va ede chi so'theo nhu ciu cua cde Quy dau tff.
Tdi ea'u true td chffc thi trffdng, cd sd ha tang, cdng nghe: Trien khai ede edng tac thdnh lap Sd Giao dich Chffng khoan Viet Nam theo Quyfi't dinh so 32/
QD-TTg, ngay 07/01/2019 ciia Thii tffdng Chinh phu;
Hoan thien md hinh dd'i tdc bu trtf trung tdm; Nang ea'p hfi thd'ng edng nghe thdng tm phuc vu cdng tdc, qudn ly. gidm sat thi trtfdng ehtfng khoan.
- Nang cao hifiu qua qudn ly, gidm sdt thi trtfdng ehtfng khoan va xff Iy nghifim cde trffdng hdp vi pham.
- Trien khai eae giai phdp de sdm ndng hang thi trffdng ehtfng khodn Viet Nam tff hang thi trtfdng ean bien (frontier market) len hang thi trtfdng mdi ndi (emerging market) tren bang xe'p hang MSCI va FTSE, nhtf- (i) Tdng ctfdng thu hiit vd'n dau ttf ntfdc ngoai, da dang hda va gia tdng chd't Itfdng sdn pham trfin thi trtfdng; (ii) Tang etfdng tinh cdng khai, minh bach; va (iii) Cat giam va ddn gian hda ede thii tue hdnh chinh, tao dieu kien thudn ldi, tiet kiem thdi gian vd chi phi cho cdc nha dau ttf.Q
TAI LI^U THAM KHAO
1. Nguyfin Thu Ha (2017). Co chi van kdnh chUng khodn phdi sinh tgi tki trudng Viit Nam, truy eap tff hltp://tapchitaichinh.vn/nghien-cuu—trao-doi/trao-doi-binh-luan/co-che-van-hanh-chung- khoan-phai-sinh-tai-lhi-truong-viet-nam-125047.html.
2. Tran Ta't Thanh (2017). Cahdi vd thdch thffc cho thi trUdng ldi chinh trong giai dogn ntdi, truy cap tff http;//tapchitaiehinh.vn/kinh-ie-vi-mo/eo-hoi-va-thach-thue-cho-thi-iruong-tai-ehinh-trong- giai-doan-moi-119333.html.
3. Huy Thdng (2019). Ngdnk ngdn hdng triin kkai chiin lugc tndi. day mgnh ngdn hang so, truy cap tff http://baochinhphu.vn/Kinh-te/Nganh-ngan-hang-trien-khai-ehien-luoc-moi-day-manh- ngan-hang-so/363485,vgp
