Conditions for public offering of securities in Vietnam

1. Conditions for public offering of stocks include:

- The offering enterprise has a charter capital contributed at the time of offering registration of VND 10 billion or more accounted according to the book value;

- Its business operation in the year preceding the year of offering registration is profitable and, at the same time, it has no accrued loss up to the year of offering registration;

- Its issuance plan and plan on the use of capital generated from the sale offering are adopted by the Shareholders' General Assembly.

- The public company registering the securities offering to the public must commit to send securities into the organized stock market to transact within 01 year since the date of ending the offering phase passed by shareholders' general assembly.

2. Conditions for public offering of bonds include:

- The offering enterprise has a charter capital contributed at the time of offering registration of VND 10 billion or more accounted according to the book value;

- Its business operation in the year preceding the year of offering registration is profitable, and at the same time it has no accrued loss up to the year of offering registration and has no payable debt which has been overdue for more than one year;

- Its issuance plan and plan on use and repayment of capital generated from the sale offering are adopted by the Board of Directors, the Council of Members or its owner;

- It undertakes to perform the obligation of an issuing organization towards investors in terms of issuance and payment conditions, assurance of legitimate rights and benefits of investors and other conditions.

3. Conditions for public offering of fund certificates to the public include:

- The total value of fund certificates registered for offering is at least VND 50 billion;

- There is an issuance plan and a plan on investment of capital amount generated from the offering of fund certificates in accordance with this Law.

View more details at the Law Amending, Supplementing a number of Articles of Law on Securities in 2010 and the Law on Securities 2006 of Vietnam.

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