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The AP photojournalist is best known for the 'napalm girl' photo.
Vietnam’s main bourse, the Ho Chi Minh Stock Exchange, wants to increase the minimum trading lot from 100 shares to 1,000 to ease its overload.
Authorities have rejected a proposal to increase the minimum trading lot size on the main stock market, and instead asked FPT Corporation to temporarily resolve the chronic congestion.
The Ho Chi Minh Stock Exchange is set to raise the minimum number of shares that can be transacted in an order from 50 to 100.
Nick Ut has been honored with the National Medal of Arts award by the U.S. government for his work during the Vietnam War.
Small investors could lose hundreds of millions of dong (VND100 million = $4,300) if they are unable to sell their shares when the minimum trading lot is raised to 1,000.
Increasing the minimum trading lot on the main bourse to reduce system overload would make the stock market an exclusive playground for the rich, experts warn.
Ton Duc Thang University and Hanoi University of Science and Technology are the only two Vietnamese institutions in Times Higher Education’s University Impact Rankings.
The plot was revealed just ahead of the holiday season.
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