In pursuance to the State Securities Commission’s Official Letter No. 2347/UBCK-PTTT of July 29, 2010, on management of foreign investment of overseas Vietnamese holding dual citizenships, the Vietnam Securities Depository (VSD) allows investors of Vietnamese origin who reside overseas and hold foreign citizenship but still retain Vietnamese citizenship (their Vietnamese passports remain valid) to register themselves as domestic investors and use information in their passports for their identification in bank account or securities ownership registration.
Overseas Vietnamese investors who do not choose Vietnamese citizenship in making investment are required to register a securities trading code with the VSD and may not effect any change about their Vietnamese citizenship in securities trading in the future.
Those who had registered themselves as foreign nationals on lists of shareholders of issuers or for opening accounts at depository members but now wish to re-register themselves as domestic investors should adjust their information registered at the VSD to change their status and stop using transaction codes previously granted for their current depository accounts.-