Vietnam: Latest form of application for the securities practicing certificate

Hello, Lawnet would like to answer as follows:

1. Conditions for issuance of securities practicing certificate in Vietnam

A securities professional certification will be granted to an individual who:

- has full legal capacity; is not facing criminal prosecution and is not being banned from securities practice as prescribed by law;

- has a bachelor’s degree or above;

- has professional training in securities; and:

- passes the test for the securities professional certification.

Foreigners who have securities qualifications and foreign certified securities professionals need to pass the test securities and securities market of Vietnam.

(Pursuant to Clause 2, Article 97 of the Law on Securities 2019)

In addition to meeting the general conditions, for each specific type of securities practicing certificate, there will be other conditions such as:

- The securities brokerage certificate will be issued to an individual who:

+ Has securities-related qualifications, including: certificate of basic training in securities and securities market, certificate of training in securities and securities market laws, certificate of training in securities analysis and investment, certificate of training in securities brokerage and securities investment counseling or equivalent certificates.

- The financial analysis certificate will be issued to an individual who:

+ Has the following qualifications: certificate of training in financial counseling and securities underwriting, certificate of training in financial statement analysis or equivalent certificates.

- The fund management certificate will be issued to an individual who:

+ Has certificates of training in fund and asset management; and

+ Has at least 03 years’ experience of working in sales, investment, finance, accounting departments of enterprises, organization of finance-, banking-, insurance-, securities-, audit-related activities or has a lawful securities practicing certificate issued overseas;

(Pursuant to Clauses 1,2 and 3, Article 213 of Decree 155/2020/ND-CP)

Thus, to be granted a securities practice certificate, an individual must meet the general conditions of legal capacity and professional qualifications and pass the examination requirements. In addition, depending on the specific type of certificate, there will be additional conditions regarding professional certification and experience. Clearly stipulating conditions will ensure the capacity of practitioners, contributing to improving the quality of operations on the stock market.

2. Latest form of application for the securities practicing certificate in Vietnam

According to the provisions of Clause 4, Article 213 of Decree 155/2020/ND-CP, an application for the securities practicing certificate shall contain:

+ The application form No. 85: Download 

+ The applicant’s personal information sheet according to Form No. 67 in the Appendix which must be prepared within the last 06 months before the application is received by SSC;

Form No. 67:  Download 

+ The judicial record issued by a competent authority within the last 06 months before the application is received by SSC;

+ The applicant’s bachelor’s degree, master’s degree or doctoral degree;

+ A lawful securities practicing certificate issued overseas or equivalent documents proving that the applicant is lawfully practicing securities in a foreign country; qualifications in securities or equivalent certificates;

+ 02 4x6 cm photos that are taken within the last 06 months before the application is received by SSC;

+ In case of applying for the fund management certificate, the application shall include a document certifying the seniority and position of the applicant issued by the applicant’s current workplace or former workplaces.

Best regards!

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