Vietnam: Professional investors are investors that have adequate financial capacity

17:25, 05/12/2019

This is a notable content of the Law on Securities 2019, issued by the National Assembly of Vietnam on November 26, 2019 and replaces the Law on Securities 2006 and the Law on Amendment to Law on Securities 2010 of Vietnam.

Allowing another person to borrow the account to trade securities is strictly prohibited in Vietnam from January 01, 2021

Nhà đầu tư chứng khoán chuyên nghiệp là nhà đầu tư có năng lực tài chính, Luật Chứng khoán 2019

Specifically, according to Article 11 of the Law on Securities 2019 of Vietnam, professional investors are investors that have adequate financial capacity or securities qualifications, including:

- Commercial banks, foreign branch banks (FBB), finance companies, insurers, securities companies, fund management companies, securities investment funds, international financial institutions, off-budget financial funds, state-owned financial institutions permitted to buy securities as prescribed by relevant laws;

- Any company whose contributed charter capital exceeds 100 billion VND; every listed or registered organization;

- Holders of securities professional certifications;

- Any individual holding a quantity of listed or registered securities that is worth at least 02 billion VND as confirmed by the securities company;

- Any individual whose taxable income in the latest year is at least 01 billion according to his/her submitted tax return or tax deduction documents of his/her income payer.

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

Ty Na

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