Can certified securities professionals work for 02 securities companies in Vietnam?

Can certified securities professionals work for 02 securities companies in Vietnam? What are conditions for securities professional certification to be granted to an individual in Vietnam?

Hi, may I ask that I am currently working at a securities company in Ho Chi Minh City. Recently, another securities company knew about me and invited me to work there. Can you tell me if I can work at 2 securities companies at the same time? Please advise, thank you.

Can certified securities professionals work for 02 securities companies in Vietnam?

In Clause 2, Article 98 of the Law on Securities 2019, a certified securities professional must not:

a) Simultaneously work for 02 or more securities companies, fund management companies, branches foreign securities companies or foreign fund management companies in Vietnam, or investment companies;

b) Open, manage securities trading accounts at the securities company for which he/she works, unless it does not provide securities brokerage services;

c) Act beyond the authorization of the company for which he/she works.

According to current regulations in Vietnam, certified securities professionals are not allowed to work for 02 or more securities companies. Therefore, you cannot work for 2 securities companies at the same time.

What are conditions for securities professional certification to be granted to an individual in Vietnam?

In Clause 2, Article 97 of the Securities Law 2019, conditions for securities professional certification to be granted to an individual are as follows:

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

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

b) has a bachelor’s degree or above;

c) has professional training in securities; and:

d) 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.

Thus, if the above conditions are met, the individual will be granted a securities professional certification in Vietnam.

Best Regards!

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