The Securities Bill has been elaborated for two years now in order to supersede Government Decree No. 144/2004/ND-CP of November 28, 2003 on securities and securities market which is the document of the highest legal effect in force. It would create a more stable and comprehensive legal framework for Vietnam’s securities market and further promote securities activities. The latest (11th) draft, though much better than the previous versions, still contains some inadequacies which should be addressed. On March 27, Vietnam Law & Legal Forum interviewed Mr. Nguyen Hoang Hai, Secretary General of Vietnam Association of Financial Investors (VAFI) on these inadequacies.