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Official Gazette

Sunday, July 23, 2017
Tags: State Securities Commission
Legal grounds for overseas listing to become more favorable Legal grounds for overseas listing to become more favorable
A representative of the State Securities Commission has affirmed that the legal grounds for Vietnamese businesses to list their stocks on foreign stock exchanges were fairly complete.
Legal framework on anti-corruption responsibility of businesses in Vietnam Legal framework on anti-corruption responsibility of businesses in Vietnam
Over the past few years, enterprises have not only been the “victims” of corruption, power abuse and harassment caused by persons with higher positions and/or power, but also the “cause” of corruption. Many enterprises seek to give bribes to public cadres and civil servants in order to obtain certain business or profit making advantages.
Decision No. 2545/QD-TTg approving the Scheme on development of non-cash payment in Vietnam during 2016-2020 Decision No. 2545/QD-TTg approving the Scheme on development of non-cash payment in Vietnam during 2016-2020
Securities Law to be revised this year Securities Law to be revised this year
In 2017 the State Securities Commission will focus on formulating a revised Securities Law along with further completing the legal framework on securities in tune with international practices.
Merger of two stock exchanges to be accelerated Merger of two stock exchanges to be accelerated
Minister of Finance Dinh Tien Dung has requested the State Securities Commission of Vietnam, stock exchanges and related bodies to speed up the process of merging the two existing stock exchanges.
New-generation Securities Law to be built New-generation Securities Law to be built
A totally new Securities Law will be built in 2018 and the legal framework for the development of the derivative securities market for the 2017-20 period will be further completed.
Securities Commission receives 2nd-class Independence Order Securities Commission receives 2nd-class Independence Order
The Ministry of Finance’s State Securities Commission on November 28 was awarded a second-class Independence Order during a ceremony on the 20th anniversary of its foundation.
Conditions for securities trading institutions to make offshore indirect investment specified Conditions for securities trading institutions to make offshore indirect investment specified
The Government on July 1 issued Decree No. 86/2016/ND-CP providing specific conditions on offshore indirect investment of securities trading institutions.
Documents issued from October 5 thru 11 Documents issued from October 5 thru 11
From October 5 thru 11, seven documents were issued.
Relaxation of the 49-percent cap on foreign ownership in Vietnamese public companies Relaxation of the 49-percent cap on foreign ownership in Vietnamese public companies
As an effort to attract foreign investors in Vietnam’s stock market, on June 26, 2015, the Government issued Decree No. 60/2015/ND-CP amending some articles of Decree No. 58 (Decree No. 60). Among the changes, the most welcomed amendment is the relaxation of the overall 49-percent cap on foreign ownership in Vietnamese public companies. Decree No. 60 will be effective as of September 1, 2015.

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