Where is the public company registered in Vietnam? What does the application for a public company registration in Vietnam?

Where is the public company registered in Vietnam?

Pursuant to Article 32 of the Securities Law 2019, it is stipulated as follows:

1. A joint-stock company will become a public company in one of the following cases:

a) The company has a contributed charter capital of at least 30 billion VND and at least 10% of the voting shares are being held by at least 100 non-major shareholders;

b) The company has successfully made its IPO by registration with SSC as prescribed in Clause 1 Article 16 of this Law.

2. The joint-stock company mentioned in Point a Clause 1 of this Article shall submit the application for public company registration as prescribed in Clause 1 Article 33 of this Law to SSC within 90 days from the day on which the requirements specified in Point a Clause 1 of this Article are fully satisfied.

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Registration applications of public companies in Vietnam

Pursuant to Clause 1, Article 33 of this Law, public company registration dossiers include:

1. An application for public company registration consists of:

a) The application form;

b) The company’s charter;

c) The certificate of enterprise registration;

d) The information disclosure statement about the public company, including summary of the company’s organizational structure, business operations, management, shareholders, assets, financial status and other information;

dd) The latest annual financial statement audited by an independent audit organization. In case the company’s charter capital is increased after the end of the latest fiscal year, an audited financial statement of the latest period is required;

e) The list of shareholders.

Best Regards!