What does content of confirmation of listed securities trading results according to agreement method in Vietnam comprise?

What does content of confirmation of listed securities trading results according to agreement method in Vietnam comprise?

Pursuant to Article 24 of the Regulation on Listing and Trading of Listed Securities promulgated together with Decision 17/QD-HDTV in 2022, there is a provision that the Stock Exchange shall certify the trading results by the method of agreement with the following contents:

1. Stock code.

2. Original command number.

3. The relevant command number.

4. Price.

5. Volume.

6. Transaction status.

7. Time to complete transactions on the system.

8. Symbol of buying and selling trading members.

9. Account numbers of investors on the buying and selling sides.

What is implementation of transaction method of listed securities by agreement method in Vietnam?

Pursuant to Article 25 of the Regulation on Listing and Trading of Listed Securities promulgated together with Decision 17/QD-HDTV in 2022, it stipulates the implementation of listed securities transactions according to the agreement method as follows:

1. Transactions do not apply on the first trading day of listed stocks, ETF fund certificates, closed-end fund certificates, listed warrants and securities whose trading is postponed or suspended trading for more than 25 consecutive days.

2. Transactions on listed stocks, ETF certificates, closed-end fund certificates, and listed warrants must comply with regulations on intraday price fluctuation amplitude.

3. Transactions are carried out on the principle that the seller enters the transaction order into the system and the buyer confirms the transaction.

4. The Stock Exchange issues instructions on the order of implementing transactions.

What is modification or cancellation of trading orders for listed securities according to agreement method in Vietnam?

According to Article 26 of the Regulation on Listing and Trading of Listed Securities promulgated together with Decision 17/QD-HDTV in 2022, modification or cancellation of trading orders for listed securities according to agreement method are regulated as follows:

1. Transaction orders that have been placed on the trading system cannot be canceled.

2. During the transaction, in case the trading member incorrectly enters the investor's put-through trading order, trading members are allowed to edit negotiated trading orders but the investor's original order must be presented, the counterparty must agree to modify that order and be approved by the Stock Exchange.

What are regulations on trading of listed securities of foreign investors in Vietnam? 

In Article 27 of the Regulation on Listing and Trading of Listed Securities promulgated together with Decision 17/QD-HDTV in 2022, regulations on trading of listed securities by foreign investors are as follows:

1. Foreign investors must comply with regulations on securities transactions in Clause 5, Article 139 of Decree No. 155/2020/ND-CP and Circular No. 51/2021/TT-BTC dated June 30, 2021 of the Minister of Finance guiding the obligations of organizations and individuals in foreign investment activities on the Vietnamese stock market.

2. The volume of shares and closed-end fund certificates that foreign investors are still allowed to buy is calculated according to the following principles:

a) For order matching transactions:

- The volume of shares and closed-end fund certificates purchased by foreign investors is deducted from the volume allowed to buy immediately after the buy order is executed; the volume of shares and closed-end fund certificates sold by foreign investors shall be added to the volume of stocks and closed-end fund certificates that are allowed to be purchased right after the completion of the transaction payment.

- A purchase order or part of an order to buy shares or closed-end fund certificates of foreign investors that has not yet been executed will not be matched if the volume of shares or closed-end fund certificates that foreign investors are allowed to buy is exhausted and Buy orders that are further entered into the trading system will not be accepted.

b) For transactions:

- The volume of shares and closed-end fund certificates that are still allowed to be purchased by foreign investors will decrease immediately after the agreed transaction between a foreign investor buying and a domestic investor selling is carried out.

- The volume of shares and closed-end fund certificates that are still allowed to be purchased by foreign investors will increase immediately after completing the settlement of an agreement transaction between a selling foreign investor and a buying domestic investor is made.

- The volume of shares and closed-end fund certificates still allowed to be purchased by foreign investors will not change if the negotiated transaction is carried out between two foreign investors.

3. The trading system displays information about foreign investors' purchase orders for listed stocks and closed-end fund certificates according to the following principles:

a) Buy orders from foreign investors are added to the buying volume of the entire market at each price level, until the remaining allowed buying volume from foreign investors runs out.

b) The remaining buying orders of foreign investors will be automatically canceled when the remaining allowed buying volume of foreign investors is exhausted.

c) The trading system updates foreign investors' buy order information and adjusts the display each time a foreign investor's buy order is entered into the system or canceled.

4. The volume of securities that foreign investors are allowed to buy per trading day is calculated based on data provided by VSDC to the Stock Exchange according to the working procedures and agreements between the two units.

5. Transaction members are responsible for controlling the agreed transactions of foreign investors in accordance with the provisions of Clause 5, Article 139 of Decree 155/2020/ND-CP.

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