Can holders of securities professional certifications work at two securities companies in Vietnam?

Can holders of securities professional certifications work at two securities companies in Vietnam?

In Clause 2, Article 98 of the Securities Law 2019, there are regulations on responsibilities of certified securities professionals as follows:

2. 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 this Article, a person who is granted a securities professional certification (a certified securities professional) is not allowed to work for two securities companies at the same time in Vietnam.

What are conditions for issuance of securities professional certifications in Vietnam?

In Clause 2, Article 97 of the Securities Law 2019, 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.

Best Regards!