:a« hiHig khndn
P H 6 N G VAN - TRAO 061
ldn ve tai san dl bao ve kh6ch hang va nh6 ddu tu.
+ CtyCK xii ly cac k h o ^ thua id, khoin ngr tdn dpng hoac cd phUdng an hpp nhfi^t, sap nh^p, b6n l^i cdng ty;
+ Yeu cau CtyCK hpp D ^ hdi ddng cd ddng ho$c Hdi ddng thanh vien bat thudng trinh UBCKNN ve viec nit nghiep vu m6i gidi de thu hpp ph^m vi ho^t dpng va bao ve khach hkng, phong toa va di ehuydn tai khoan ciia khach h ^ sang CtyCK kh6c.
+ Giai thi, pha san khi cac giai phap tren khdng the khac phue.
- CtyCK dupc dua ra khdi tinh tr^ng Mem soat d ^ biet neu ty le vdn kha dvmg ldn hom 150% trong 03 thang Uen tiep. Sau khi het thdi ban Mim so6t d$c b i ^ neu CtyCK khong k h k phue dugc tinh trang n^y v^
cd 16 gpp (liiy ke) dat tr§n mdc 50% vdn dieu 1?, UBCKNN ra quyet dinh dinh chi ho^t dpng CtyCK.
Tren day la cac bien phap ap dung theo Th6ng tu 226. Tuy nhien, de tang cudng nang luc quan tri va boat dpng ciia cac CtyCK can dufa tren ba tru cot chinh:
Thong tu 226/2010yTr-BTC quy dinh ve ty le an toan vdn kha dung thuc chat la mpt quy dinh ve miic dp du vdn. Quy dinh ve mdc dp dii vdn dupc ban hanh nham dam bao rang cac CtyCK se cd dii vdn dl hap thu cae rui ro CO thi xay ra trong qua trinh boat dpng, tranh cho cae c6ng ty nay roi vao tinh trang mat thanh khoan do mpt khi c6ng ty mat tlianh khoan, kha nang e6ng ty rod vao tinh trang pha san la v6 cdng ldn.
UBCKNN se nghien cutu va ban hanh quy dinh cac thdng le ve khu6n khd quan ly rui ro dl cac CtyCK ap dung thuc hien. Hudng dan khu6n khd nii ro se dua ra cac rui ro ma CtyCK gap phai ddng thdi de ra cac quy dinh, quy trinh quan ly rui ro ma cac CtyCK phai ap dimg thiffi Men nham phdng ngiia va quern ly cac nii ro do. Hang nam, eae CtyCK eo trach nhiem bao cac theo miu ban hanh cua UBCKNN ve tien trinh thuc hien ap dung th6ng le quan ly nii ro theo hudng din Clia Th6ng tu 226. UBCKNN se danh gia viec ap dung cua tdng cong ty va cd bien phap xii ly nhim timg budc Men toan thdng nhat mpt thong Ip quan ly nii ro.
- UBCKNN nghien ciiu va dng dung bp chi tieu theo th6ng le qudc te dl phan loai, danh gia ehinh xac chat lupng boat dpng mpt each toan dien cac CtyCK Tren ctf sd dd, UBCKNN se len phutfng an Mem tra, giam sat nham ngan ngiia tii xa rui ro he thoig ciia ca nganh.
Xin Iran trong cam on Ong!
MAI THIS thuc hiSn
N gay 27/7/2005, Thii tudng Chinh phii da ban hanh Quyet dinh 189/2005/QD-TTg vl vi^c thanh Ifip VSD. Sau thdi gian chuan hi vl dilu M$n vat chat, nhan sU, ctf c^u bo may, ngay 03/5/2008, VSD nhan ban giao chiic nang dang ky, luu k^' va thanh toan bu trii tii hai Trung tam Giao dich Chiing khoan TTGDCK (nay la hai SGDCK) va chinh thiic b i t diu hoat ddng tii ngay 7/7/2006. Trong giai doan diu thanh l^p, VSD dupc td chtfc theo md hinh dun vj su nghidp cd thu true thude Uy ban Chiing khoan Nha nudc (UBCKNN) - Bp Tai chinh. B i t diu ttt thang 7/2009, VSD chuyen sang boat dpng theo md hinh cdng ty trach nhi^m hiiu han mpt thanh vien thuOc sd hilu nha nudc theo Quyl^t dinh sd 171/2008/^
TTg ngay 18/12/2008 ve vi?c thanh lap VSD tren ccf sd chuyen ddi, td chiic lai VSD. Nhan ky niem 5 nam VSD di vao hoat dpng, Tap chi Chiing khoan da ed cupc trao ddi vdi Ba Phutfng Hoang Lan Hutfng, Tdng Giam ddc VSD, v l nhiing thanh tuu ma VDS da dat dupc ciing nhtf nhiing budc di cda Trung tam trong thdi gian tdi.
. ^ ^ Xin Ba dM Met HMt vai thanh t N noi bit
# y g ^ ma VSO da iat «OTC sas S nim « vat
^ M P hoat iing VM vai tro lata chic Aqraliit trcnnCKVI«tNamc«igcircac«eh«i ho trv san gia* Mil
Khi mdi thanh lap, sd lupmg can bp ndng cdt ban dau Clia VSD chi khoang 25 can bo chuyen ttt UBCKNN va hai TTGDCK sang, ctf sd vat chat ky thuat nhan chuyen giao tuf hai TTGDCK rat khiem tdn, dia diem lam vipc phan tan thanh 3 noi trong khi v i n phai td chiic boat dpng nghifp vu de thi trudng boat dpng an toan, lidn tuc. Cho den nay, dpi ngii can bp ciia Trung tam da cd 140 ngucii, ctf sd v|it chat ky thuat da dupic trang bi va diu tu dap ling nhu cau phat trien ciia thi trtfdng ngay ca trong nhiing thdi ky sdi dpng nhat. Khdi liwmg cdng vipc Trung tam dam nhan gia tang hang nam theo quy md ciia thi trtfdng. Cd the diem qua vai con sd vl ket qua boat dpng ciia VSD trong nam nam qua:
Ve hoat dong nghiep vu, tai ngay nhan ban giao chiic nang tii hai SGDCK, so' Itfpmg td chiic pMt hanh dang ky cd phieii tai VSD chi c6 44 loai co phieu. Den nay, so' Itfpmg CtjHDC dang ky chitog khoan la 913 cdng ty, tang hom 20 l i n so vdi ngay
20
CHUNG KHOAN VIETNAM So 159+160- Thang 1+2/2012
PHONG VAN - TRAO DOI
iitimgkhddiiTRUNG TAIVI Ll/U KY C H U T N G KHOAN VIET NAiM (VSD)
CHU DONG Hdi NHAP QUOC Tl, NAY DITNG OOI NGO NHAN LOG,
HOAN T H I E N HE T H O N G CONG HGHi
hoai dong, 'uong cong
Bd Phircmg Hodng Lan Hi/ong
bat dau Irong do so
ty niem yet (CtyNY) tai SGDCK Tp. HCM la 305; SGDCK Ha Noi la 397, thi truong Upcom la 168 va so CtyDC chi dang ky chung khoan n h u n g chua niem yet/dang ky giao dich la 43 cong ty. Sd ma trai phieu dang ky tai VSD la 502 loai trai phieu.
Tdng gia tri chUng khoan dang luu giu tai VSD dat tren 480 ngan ty dong, tang khoang 6 lan so voi sd chiing khoan luu giu tai thdi diem cudi nam 2006 la 87 ngan ty ddng. Sd lucmg dot thuc hien quyen cho ngudi sd hiiu chung khoan binh quan hang n a m la 1.380 dot, rieng 10 thang dau nam 2011 la 2.270 dpt. Sd tien thanh toan cd tuc binh quan h a n g nam do VSD thay mat cac td chuc phat hanh thuc hien dat xap xi 17,3 nghin ty ddng, rieng 10 t h a n g dau nam 2011 dat xap xi 15,1 nghin ty dong.
Gia t n t h a n h toan giao dich chung khoan bmh quan h a n g nam qua Trung tam la htfn 400 nghin ty ddng.
Hien VSD dang cung cap cac dich vu lien quan den quyen lgi ciia cd dong cho gan 1.000 td chuc p h a t hanh, trong do bao gdm cac khach hang dac biet la Kho bac Nha nudc, Ngan hang Phat trien Viet Nam. Ngoai ra, VSD con cung cap cac dich vu luu ky va t h a n h toan bu t r u lien quan den chiing khoan niem yet cho gan 130 td chuc khac, trong do CO td chiic dac biet n h u Sd Giao dich Ngan hang N h a nudc. Ddng thdi, VSD cung quan ly thong tin sd hiiu chiing khoan cua htfn mot trieu tai khoan luu ky chiing khoan ciia ngudi dau tu.
Ghi nhan sut nd luc ciia tap the can bp, nhan vien Trung tam sau 5 nam boat dpng, ngay 29/11/2011, VSD da vinh du dupre Nha nude tang thuoiig Huan chutfng Lao dpng hang Ba cho tap the va { a iihan.
^0^ Oe CO duoc nhung thanh qua nhv ngay
^ > ^ 7 ^ ^ hom nay, VSD da co nhung giai phap nhir
^ P ^ ^ ^ the nao de khong nhung dap ung duoc nhu cau ngay cang tang cua thj truong ma con thuc hien chuyen doi tiianh cong mo hinh to chuc?
Tu khi cbinh thiic di vao hoat dpng eho den nay, moi hoat dpng nghiep vu ciia VSD diu hudng tdi muc tieu an toan, bao mat, chuyen nghiep, hieu qua. 5 nam qua, vdi vai tro quan ly tai san ciia nha dau t u ky giii chiing khoan tai VSD, viec thiet lap cac CO" che de quan ly nii ro, dam bao su an toan tdi da trong hoat dpng, bao ve an toan va bao mat tai san cua nha dau tu theo quy dinh ciia Luat Chiing khoan luon dutfc coi la trach nhiem hang dau. Hien nay, viec tuan thii cae quy trinh xii ly npi bp cac hoat dong nghiep vu do Trung tam ban hanh la yeu cau bat bupc ddi vdi cae can bp nghiep vu ciia VSD. Nhd dd, VSD cd the kiem soat va giam thieu nii ro trong tac nghiep.
Tinh chuyen nghiep va hieu qua boat dong la muc tieu ma bat ky td chuc cung cap dich vu nao cung mong mudn hudng toi. Ngay t u khi nhan ban giao Ctf sd vat chat t u hai SGDCK, VSD da khan trutfng thuc hien dieu chinh hai phan mem boat dong nghiep vu dang ky luu ky t h a n h toan bii t r u khac biet ciia hai Sd t h a n h phan mem iing dung chung duy nhat tai VSD, budc dau tao t h u a n Itfi cho cac t h a n h vien thi trudng khi tham gia n h a n dich vu tii VSD do su thdng nhat ve quy trinh va each thiic thuc hien nghiep vu. Dutfc su quan t a m
So 159+160-Thang 1+2/2012 CHU
PHONG VAN - TRAO OOI 1
Clia l a n h dao Ho 'i";u cliinli v;i sU uiif, im. clii d a n s a t sao cua L a n h dao U I U ' l \ N N . \ ' S I ) da chu dour, va m a n h chui \ a \ diiiit; he thon}; coni; ii|;hc liuiuf;
lin nio'i va chinh (hue du'a \ a o a p duiii; (U j;ura n a m 2010 Nhiv do. ' r r u n i ; l a m da dm MKVI xe en- han phu'o'ng thu'c cimL; cap dich \ u then hiroiij' chiiyi'U mon lioa. dat hicii ipia va chat iuon^; cao. I'jam t h i e u lm da tho'i Ljian \ir l\ iiidiicp \ii I rmig giao dich vin cac to chuc phal h a n h . cac I h a n h \ icii luu ky c u n g nhu' ngiro'i d;iu tu. nani; cao ((iii}; lac (pian tri vu\ ro. ho li-o'cho cuii^' tac iMam sat hn;il doiif;
llu Iru'o'ng cua cac SGDCK \ a I ' l U ' K N N , llimi V S D da q u a n 1\ thonL; tui .so' Inni chiriij; klmaii deu cap t i m g n h a d a u In' lha\' \'i o' cap tai k h u a n tong cua cac k h a c h h a n g t;u cac t h a n h \ icn iihii liuo'c dav. Cac giao dich n g h i e p \'u \(i'i cac t h a n h vicn hien duo'c t h u c hicn chu vcu thmig cpia cong giao t i e p dien tu'. k h o n g plui thuoc \ a o no'i d;il t I'u so' Clia t h a n h vien t h a y vi giao n h a n c h u n g t u vat c h a t va x u ly t h u cong ciing n h u viec p h a n m a n g n g h i e p vu t h e o thi t r u o n g niem y e t t r u d c day. Nho' do, t h o i g i a n xii ly n g h i e p vu duoc r u t n g a n va h i e u q u a h o a t d p n g t a n g len d a n g ke. Cac y e u cau ve dich vu c u a cac to chuc p h a t h a n h duoc c u n g cap d a y d u va kip t h d i .
Viec t r a o ddi, hpc hoi k i n h n g h i e m , c h u a n bi cac d i e u k i e n c a n t h i e t de h o a n h a p vdi k h u vuc va t h e gidi, V S D d a t h i e t l a p cac mdi q u a n h e h p p t a c vdi n h i e u to chuc quoc t e c h u y e n n g a n h . Hien n a y , V S D la t h a n h vien b a n d i e u h a n h cua H i e p hoi cac td c h u c bu t r u va l u u ky chiing k h o a n k h u vuc c h a u A T h a i B m h DuoTig (ACG), t h a n h vien c h i n h t h u c cua H i e p hpi Cac to chuc cjip mCi c h u n g k h o a n qudc gia (ANNA). T r o n g ho'p tac song p h u o n g , V S D da ky Bien han ghi nho' hop tac voi cac T r u n g t a m L u u ky C h u n g k h o a n H a n Qudc, T h a i L a n , Dai L o a n , N h a t B a n , Hoa Ky va H i e p hpi T a i chinh Vidn t h o n g t o a n c a u (SWIFT). Cac chutfng t n n h htfp t a c n a y d a d e m lai h i e u q u a t h o n g q u a viec t h i e t l a p k e n h t r a o ddi, chia ,se t h o n g t i n , t i m h i e u t h o n g le va t a p q u a n h o a t d p n g t a i cac t h i t r u o n g k h a c n h a u c u n g n h u trtf giiip ve d a o t a o n g h i e p vu cho cac can bp n g h i e p vu ciia V S D .
B e n c a n h cong t a c c h u y e n m o n , b o a t d p n g ciia cac td chiic d o a n t h e va cac p h o n g t r a o t h i d u a , cac b o a t d p n g phiic loi c u n g dutfc q u a n t a m t h i c h d a n g , t a o s u g a n k e t g i u a cac ca n h a n vdi n h a u
li'ong mot l a p t h e t h d n g n h a t , t;io r a mpt moi Iruo'ii}', lam vice t h a n t h i c n va c h i a se. Co the noi VSI) luon l u liao la mpt t a p t h e d o a n ket, khong iij',;ii ddi iiHi'i (\i- k h o n g ngUng vU(m len, t u dpi ngii kiiih d a o 1 h>i doii)', (pi.iii I n va h a n dieu h a n h den doi ngu c a n ho iihicl h u y e t , t a n t u y , khong ngai kho k h a n Sir (loan k d n h a t tri ciia ca t a p the do
< h i n h la sire m a n h giuj) c h u n g toi vUf/t qua nhieu kho k h a n lU' (l;it dutfc t h a n h q u a n h u hom nay.
^
Trong boi canh thi truong con nhieu kho khan, Ba co the chia se voi doc gia Tap chl Chung khoan ve mot so dinh huong phat trien cua VSD trong thoi gian toi?
I'uo'c s a n g giai do;iii iiuii. t rong hoi canh kinh te tai c h i n h t h e gun hen tuc fiien bien theo hudng phu'c I a J), mi re do hoi n h a p t rong h n h vuc tai chinh cua nen kinli Ic Viet .Nam n g a y c a n g s a u rpng, Uu tien h a n g d a u cLia C h i n h p h u la d u y t n on dinh k m h tc Vl mo. t a o da do d a t d u u c n h u n g muctieu d a t ra cho giai d o a n 'JIH 1 2 0 2 0 . T r o n g boi canh di), t h e o D u t h a o C h i e n lucre P h a t t n e n kinh t e - x a hpi 201 1 2 0 2 0 d a d u o c Dai hoi D a n g XI thong qua VO'I m u c tieu: "Phnt tncn thi tn/cmg tai chmh voi cc/ cau hoan chmh. quy nii) tang nhanh. pham vi hoat dcing nu/ rang, van hanh an toan. dinrc quan ly va giani sat hivu qua. Phat trion va kiem seated hieu qua TTCK" Co t h e noi. d a y la nhiem \TI va c u n g la t r o n g t r a c h lo'n lao dat ra cho UBCKNN c u n g n h u cac S G D C K , d a c hiet la cho VSD vdi vai t r o la c h u t h e d u y n h a t c u n g c a p cac dich vu ho trtf s a u giao dich cho 2 S G D C K va t h a m gia giam sat rui ro cho thi t r u o n g .
De h o a n t h a n h lot n h i e m \ u va trpng trach du'p'c giao t r o n g hoi c a n h moi. p h a n d a u dat dutfc m u c tieu tro' t h a n h mot T r u n g t a m lim ky. dang ky, t h a n h t o a n bu trU m a n g t a m k h u vUc, dong thoi t h u c h i e n y kien chi d a o ciia P h o T h u trUtfng C h i n h p h u Vu V a n N i n h t a i Ld Ky n i e m 5 nam di vao b o a t diing, t r o n g giai d o a n toi, V S D cam ket se chu d p n g hpi n h a p qudc t e , x a y d u n g dpi ngii nhan luc vUa CO tai vUa c6 d u e , h o a n t h i e n h e t h d n g cong n g h e t h o n g t i n t h e o h u d n g a n t o a n , b a o m a t , phu h p p c h u a n m u c qudc t e , gop p h a n p h a t t r i e n TTCK Viet N a m t h e o h u o n g h i e u q u a v a b e n viing.
Xin tran trong cam on Ba!
T H A N H T H A O thuc hien
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CHUNG KHOAN VIETNAM So 159+160- Thang 1+2/2012
