Vietnam Law & Legal Forum Magazine is your gateway to the law of Vietnam

Official Gazette

Thursday, September 21, 2017
Tags: stock exchange
Practical derivatives market operation mechanism required Practical derivatives market operation mechanism required
Deputy PM Vuong Dinh Hue has asked related management agencies to focus on preparing a strategy for development of the securities market through 2020 with a vision toward 2030, submitting to the Government a plan to merge the two stock exchanges, and amending the Securities Law in which priorities should be given to building the legal framework for future development of derivatives and derivatives market.
Legal requirements for information disclosure and transparency in the equitization of SOEs Legal requirements for information disclosure and transparency in the equitization of SOEs
According to a government report, during 2011-15, 508 SOEs were equitized. The speed of equitizing big SOEs has been recognized to increase significantly over the past five years. As of October 2016, there remained 718 companies in which the State held 100% of charter capital. For the period from 2016 to 2020, the Government has identified enterprises where the State holds 100% of capital and dominant shares, including those operating in key industries, important geographical areas, and security and defense fields, applying high technologies, requiring large-scale investment and creating socio-economic impetus that lack investment from other sources.
HNXs efforts to improve trading quality HNX’s efforts to improve trading quality
A decision recently issued by the Hanoi Stock Exchange, allowing brokerages to become market makers, is expected to improve the trading quality of Vietnam’s securities market.
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.
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.
State Securities Commission proposes shift to intra-day trading State Securities Commission proposes shift to intra-day trading
Investors would be allowed to buy and sell shares of the same company back and forth on the same trading day if a draft circular recently unveiled by the State Securities Commission is approved.
Regulations on derivatives in place to boost market liquidity Regulations on derivatives in place to boost market liquidity
The Government on May 5 issued Decree No. 42/2015/ND-CP on derivatives and derivatives market in line with the plan to launch a derivatives market by 2016.
Policy digest March 2015 Policy digest March 2015
The merger of two stock exchanges, categorization of securities companies to attract investors and development of voluntary pension funds are among a series of solutions to be carried out in the coming time to boost the development of the stock market, said Deputy Finance Minister Tran Xuan Ha at a cabinet regular meeting on March 2.
Trading registration by unlisted public companies guided Trading registration by unlisted public companies guided
Before listing on the HCM City or Hanoi Stock Exchange, SOEs that conducted initial public offerrings (IPOs) before November 1, 2014, must trade on the UPCoM within one year.
Hanoi Stock Exchange gives green light to exchange-traded fund launch Hanoi Stock Exchange gives green light to exchange-traded fund launch

Video

Vietnam Law & Legal Forum