A Vietnamese individual is only allowed to make outward portfolio investments by participating in a program that awards shares issued in foreign nations

15:58, 03/01/2016

This content is specified in Decree No. 135/2015/ND-CP of Vietnam’s Government regulating outward portfolio investments.

Specifically, Decree No. 135/2015/ND-CP of Vietnam’s Government stipulates that an investor who is an individual of Vietnamese nationality is only allowed to make outward portfolio investments by participating in a program that awards shares issued in foreign nations.

dau tu gian tiep ra nuoc ngoai cua ca nhan, Nghi dinh 135/2015/NĐ-CP

Vietnam State Bank regulates the details on:

- Procedures, formalities and contents of a foreign organization’s share awarding program in Vietnam;

- Methods and other contents regarding the participation in a program that awards shares to Vietnamese employees working in foreign organizations in Vietnam.

The activities of outward portfolio investments of economic organizations shall be carried out by the following methods:

1. Proprietary trading of outward portfolio investments.

2. Outward portfolio investment trust.

Proprietary traders and trust organizations are allowed to make outward portfolio investments in the following forms:

1. Direct purchase and sale of securities and valuable papers in foreign nations.

2. Making investments by purchasing and selling securities investment fund certificates in foreign nations or delegating financial intermediaries in foreign nations to make investments.

Other provisions can be found in Decree No. 135/2015/ND-CP of Vietnam’s Government, which takes effect from February 15, 2016.

Thu Ba

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