Vietnam: Listed and registered securities shall not be traded outside the securities trading system

Specifically, according to Article 50 of the Law on Securities 2019 of Vietnam, listed and registered securities shall be traded by order matching and other methods specified in the trading regulations of Vietnam Stock Exchange (VSE).

Listed and registered securities shall not be traded outside the securities trading system organized by VSE and its subsidiaries, except for non-trading transactions or other transactions that cannot be carried out through the securities trading system. Concurrently, the trading of new securities, changes of a trading method and application of a new trading method or inauguration of a new trading system are subject to approval by the State Securities Commission (SSC).

The Minister of Finance of Vietnam shall promulgate specific regulations on securities trading, supervision of securities trading, identification of non-trading transactions and transactions that cannot be carried out through the securities trading system. The Prime Minister shall consider securities trading with foreign securities exchanges at the request of the Minister of Finance of Vietnam.

On the other hand, this Law also stipulates that foreign investors and foreign-invested business organizations that participate in Vietnam’s securities market shall comply with regulations of securities laws on foreign holdings, conditions and procedures for investment.

View more details at the Law on Securities 2019 of Vietnam, effective from January 01, 2021.

Ty Na

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