Vietnam: 06 organizations permitted for proprietary trading of outward portfolio investments from February 15, 2016

16:20, 05/01/2015

On December 31, 2015, the Government of Vietnam issued Decree No. 135/2015/ND-CP regulating outward portfolio investments.

doi tuong tu doanh dau tu gian tiep nuoc ngoai, Nghi dinh 135/2015/NĐ-CP

According to Decree No. 135/2015/ND-CP of Vietnam’s Government, the organizations permitted for proprietary trading of outward portfolio investments from February 15, 2016 include:

1. Securities companies, fund management companies.

2. Securities investment funds through fund management companies (referred to as securities investment funds), securities investment companies.

3. Insurance companies.

4. Commercial banks.

5. General financial companies.

6. State capital investment corporation.

Decree No. 135/2015/ND-CP stipulates that proprietary traders must register their proprietary trading limits with Vietnam State Bank. Moreover, proprietary traders are only allowed to make outward portfolio investments upon Vietnam State Bank’s confirmation in writing of the registration of proprietary trading limits. Proprietary traders are only permitted to make outward portfolio investments within the proprietary trading limits registered with and confirmed by Vietnam State Bank.

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

Thu Ba

>> CLICK HERE TO READ THIS ARTICLE IN VIETNAMESE

2 lượt xem

- The legal regulations in this article are according to Vietnamese Law;
- This English translation is for reference purposes only and not a definitive translation of the original Vietnamese texts;
- Articles may be compiled from a variety of sources;
- Applicable Terms may have expired at the time you are reading;
- If you have any questions about the copyright of the article, please contact us via email banquyen@lawnet.vn