Revised Law on securities waits for changes in nature
![]() |
In the report on the situation of the 2017 securities market and solutions for the market development in 2018 at a recent conference, the SSC said that its important task in 2018 is to develop the Law on securities (revised) to submit to the Government or the National Assembly for consideration and comments at the sixth session (October 2018), and then to submit to the National Assembly for approval in 2019.
Mrs. Vu Thi Chan Phuong, Vice Chairman of the SSC, said recently that some codes and laws such as the Civil Code, Enterprise Law, Investment Law, Law on Handling Administrative Violations Law on and Inspection, etc are newly issued or added and supplemented. These Laws contain a number of points related to the enforcement of the Law on securities, such as the ownership of foreign investors, regulations on corporate governance, competence in administrative inspection and penalties.
Thus, the promulgation of the Law on securities (revised) in the current period is necessary to overcome the shortcomings and limitations of the 2016 Law on securities and the revised Law in 2010 to develop the securities market, to meet the requirements for the country’s socio-economic development and to ensure uniformity and consistency with the system of relevant legal documents.
The revised Law on securities aims to concretize the guidelines and policies of the Party and the State, including the restructuring of the financial market, the restructuring of SOEs and the establishment of a fair, favourable and transparent business and investment environment for businesses.
The new Law on securities will focus on revising contents related to functions, tasks, structure of securities market, ownership of foreign investors, public companies, securities companies, fund management companies, information disclosure, inspection, supervision and management.
This Law on securities shall standardize the conditions, order and procedures for issuance and offering of securities in accordance with securities types; improve the quality of public companies by adjusting the criteria of public companies, thereby improving the quality of goods on the exchange
For the ownership of foreign investors, the revised Law will aim at clearly determining the ownership ratio of foreign investors in public companies in Vietnam securities market, reviewing the conditions and procedures for foreign investors towards reform and simplification of administrative procedures.
At the conference, the attendants exchanged, assessed and analysed the results achieved in the implementation of the Law on Securities, as well as the inadequacies and obstacles in the implementation of the Law. At the same time, they discussed and proposed solutions for amending and supplementing the Law on securities, focusing on eight policy groups: goods on the securities market; Securities trading market; Registration, depository, clearing and settlement of securities; Foreign investment attraction; corporate governance; Securities business organizations; Disclosure of information on the securities market; and fulfillment of tasks and powers of the SSC.
![]() | Stock market in 2017 saw a rapid growth VCN - On 22ndJanuary 2018, the State Securities Commission (SSC) held a conference to deploy the task ... |
It is expected that the new law will create a push, not only improving the quality of goods, contributing to making the securities market more transparent, but also facilitating businesses and market members to apply and comply with legal regulations on securities and related legal documents more conveniently.
Related News

Securities 2025 expects a breakthrough in scale and quality
14:37 | 10/02/2025 Finance

Complying with regulations of each market for smooth fruit and vegetable exports
13:06 | 09/01/2025 Import-Export

Request for price management and stabilization, avoiding unusual fluctuations during Tet 2025
13:56 | 30/12/2024 Headlines

Six export commodity groups see billion-dollar growth
07:55 | 31/12/2024 Import-Export
Latest News

Fiscal, monetary policies support demand stimulation, price stabilisation
14:49 | 14/02/2025 Finance

Vietnam secures VND 157 billion from state enterprise divestment in 2024
09:16 | 14/02/2025 Finance

Vietnam gears up for potential inflation impact in 2025
14:26 | 11/02/2025 Finance

VN’s credit conditions in 2025 expected to be stable
14:24 | 11/02/2025 Finance
More News

State revenue in first month of the year equal to 14% of the estimate
10:12 | 11/02/2025 Finance

Cash reserves in stock accounts at six-quarter low amid margin rise
08:23 | 10/02/2025 Finance

Five solutions for developing stock market in 2025
10:01 | 07/02/2025 Finance

Minister of Finance Nguyen Van Thang works with GDVC at the first working day after the Tet holiday
14:43 | 04/02/2025 Finance

The stock market after Tết 2025 presents both challenges and opportunities
07:55 | 04/02/2025 Finance

Opportunities and challenges in Việt Nam's crypto boom
14:27 | 03/02/2025 Finance

Đà Nẵng aiming to become a regional financial centre before 2050
19:05 | 01/02/2025 Finance

Which investments to make in 2025?
20:53 | 30/01/2025 Finance

5 strategies for reallocating houses and land
18:36 | 29/01/2025 Finance
Your care

Fiscal, monetary policies support demand stimulation, price stabilisation
14:49 | 14/02/2025 Finance

Vietnam secures VND 157 billion from state enterprise divestment in 2024
09:16 | 14/02/2025 Finance

Vietnam gears up for potential inflation impact in 2025
14:26 | 11/02/2025 Finance

VN’s credit conditions in 2025 expected to be stable
14:24 | 11/02/2025 Finance

State revenue in first month of the year equal to 14% of the estimate
10:12 | 11/02/2025 Finance