Revised Law on securities waits for changes in nature

VCN – The State Securities Commission (SSC) has just held a conference for comments on amendments and supplements to the Law on securities. Comments from the attendants at the conference shall be collected, considered and absorbed for the draft Law. This ensures the quality and efficiency and feasibility for the law development. 
revised law on securities waits for changes in nature Minister Dinh Tien Dung struck the gong to open the first securities trading session of early 2018
revised law on securities waits for changes in nature HNX amended the regulation on securities listing
revised law on securities waits for changes in nature The financial market grew comprehensively in the first eleven months
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.

revised law on securities waits for changes in nature 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.

By Huong Giang/ Huyen Trang

Related News

Securities 2025 expects a breakthrough in scale and quality

Securities 2025 expects a breakthrough in scale and quality

VCN – The positive factors inherent in the macro economy and the Vietnamese stock market will continue to create the foundation for the market to maintain stability, good liquidity, and growth in both scale and quality in the new year of At Ty 2025, Chairwoman of the State Securities Commission Vu Thi Chan Phuong said.
Complying with regulations of each market for smooth fruit and vegetable exports

Complying with regulations of each market for smooth fruit and vegetable exports

VCN - According to Mr. Dang Phuc Nguyen (photo), General Secretary of the Vietnam Fruit and Vegetable Association (Vinafruit), with the development momentum and increasing consumption demand from the Chinese market, the Vietnamese fruit and vegetable industry is setting new records and is expected to reach an export turnover of US $10 billion by 2030. With great potential and advantages in developing agricultural products, Vietnam has been affirming its position as one of the world's leading agricultural exporters.
Request for price management and stabilization, avoiding unusual fluctuations during Tet 2025

Request for price management and stabilization, avoiding unusual fluctuations during Tet 2025

VCN - Minister of Finance Nguyen Van Thang has just signed and issued Directive No. 05/CT-BTC on strengthening the price management, operation and stabilization during the Lunar New Year 2025.
Six export commodity groups see billion-dollar growth

Six export commodity groups see billion-dollar growth

From the beginning of the year to December 15, there were six key export commodity groups with an increase in turnover of US$1 billion or more, according to the latest statistics of the General Department of Customs.

Latest News

Fiscal, monetary policies support demand stimulation, price stabilisation

Fiscal, monetary policies support demand stimulation, price stabilisation

These efforts, in conjunction with the implementation of monetary policies and other macroeconomic policies, aim to solve difficulties for businesses and the public, stabilise the macroeconomy, control inflation, ensure the balance of the economy, promote economic growth, and secure social welfare and people’s livelihoods.
Vietnam secures VND 157 billion from state enterprise divestment in 2024

Vietnam secures VND 157 billion from state enterprise divestment in 2024

VCN - The Ministry of Finance reported that in 2024, the divestment of state capital in 5 enterprises (F1) generated VND 157 billion from an initial value of VND 145 billion
Vietnam gears up for potential inflation impact in 2025

Vietnam gears up for potential inflation impact in 2025

VCN - For sound price management and inflation control, Deputy Prime Minister Ho Duc Phoc directed officials to vigilantly track both domestic and international market dynamics. The goal is to proactively develop flexible strategies and solutions, enabling a swift response to any emerging challenges.
VN’s credit conditions in 2025 expected to be stable

VN’s credit conditions in 2025 expected to be stable

The credit conditions for Việt Nam will stabilise in 2025, after improving substantially over the past year, the rating agency VIS is forcasts.

More News

State revenue in first month of the year equal to 14% of the estimate

State revenue in first month of the year equal to 14% of the estimate

VCN - According to the Ministry of Finance, in January - the first month of 2025, the total state budget revenue is estimated at VND275.9 trillion, equal to 14% of the estimate; meanwhile, the total state budget expenditure is estimated at VND134.4 trillion.
Cash reserves in stock accounts at six-quarter low amid margin rise

Cash reserves in stock accounts at six-quarter low amid margin rise

These funds are readily available in investor accounts, but remained undeployed as of the year-end.
Five solutions for developing stock market in 2025

Five solutions for developing stock market in 2025

VCN - On February 5, 2025, at the Gong-beating ceremony to open the stock trading at the Ho Chi Minh City Stock Exchange (HOSE), Deputy Minister of Finance Nguyen Duc Chi introduced five solutions for comprehensive development of the stock market.
Minister of Finance Nguyen Van Thang works with GDVC at the first working day after the Tet holiday

Minister of Finance Nguyen Van Thang works with GDVC at the first working day after the Tet holiday

VCN- On February 3, the first working day after the Tet holiday, Minister of Finance Nguyen Van Thang and the delegation visited and worked with the General Department of Vietnam Customs (GDVC).
The stock market after Tết 2025 presents both challenges and opportunities

The stock market after Tết 2025 presents both challenges and opportunities

Việt Nam’s stock market following the 2025 Lunar New Year (Tết Nguyên Đán) presents a complex landscape of risks and potential gains, driven by foreign capital inflows, economic resilience, and looming corporate bond maturity pressures, according to one securities expert.
Opportunities and challenges in Việt Nam

Opportunities and challenges in Việt Nam's crypto boom

Việt Nam boasts one of the most active investment communities in the cryptocurrency sector. However, protecting investors and promoting sustainable growth requires a robust legal framework.
Đà Nẵng aiming to become a regional financial centre before 2050

Đà Nẵng aiming to become a regional financial centre before 2050

The city is setting out goals to promote the development of the financial system in the 2021-30 period, striving for Đà Nẵng to become a regional financial centre in just 25 years.
Which investments to make in 2025?

Which investments to make in 2025?

Financial reports indicate a large amount of cash in the banking system at the end of 2024. Investors in 2025 will have plenty of choices of where to put their money, according to economists and financial analysts.
5 strategies for reallocating houses and land

5 strategies for reallocating houses and land

VCN - The rearrangement and disposal of public-owned houses and land have been officially regulated in Decree No. 03/2025/ND-CP (Decree No. 03), which has just been issued by the Government. According to Decree No. 03, there are five forms of rearrangement and disposal of houses and land.
Read More

Your care

Latest Most read
Fiscal, monetary policies support demand stimulation, price stabilisation

Fiscal, monetary policies support demand stimulation, price stabilisation

These efforts, in conjunction with the implementation of monetary policies and other macroeconomic policies, aim to solve difficulties for businesses and the public, stabilise the macroeconomy, control inflation, ensure the balance of the economy, promote economic growth, and secure social welfare and people’s livelihoods.
Vietnam secures VND 157 billion from state enterprise divestment in 2024

Vietnam secures VND 157 billion from state enterprise divestment in 2024

The Ministry of Finance reported that in 2024, the divestment of state capital in 5 enterprises (F1) generated VND 157 billion from an initial value of VND 145 billion
Vietnam gears up for potential inflation impact in 2025

Vietnam gears up for potential inflation impact in 2025

For sound price management and inflation control, Deputy Prime Minister Ho Duc Phoc directed officials to vigilantly track both domestic and international market dynamics.
VN’s credit conditions in 2025 expected to be stable

VN’s credit conditions in 2025 expected to be stable

The credit conditions for Việt Nam will stabilise in 2025, after improving substantially over the past year, the rating agency VIS is forcasts.
State revenue in first month of the year equal to 14% of the estimate

State revenue in first month of the year equal to 14% of the estimate

VCN - According to the Ministry of Finance, in January - the first month of 2025, the total state budget revenue is estimated at VND275.9 trillion, equal to 14% of the estimate; meanwhile, the total state budget expenditure is estimated at VND134.4 trilli
Mobile Version