Vietnam: Prospectus’ contents in case of public offering of shares and bonds

According to Article 19 of the Law on Securities 2019 of Vietnam, in case of public offering of shares and bonds, the prospectus shall contain the following information:

- Summary of the issuer, including its organizational structure, business operations, assets, financial status, Board of Directors, the Board of members or the company owner, General Director (Director), Deputy General Director (Deputy Director), chief accountant and shareholders (if any);

- Information about the offering and the offered securities, including: offering conditions, risk factors, estimated profit and dividends of the nearest year after the issuance, the issuance plan and the plan for use of capital generated by the offering;

- The issuer’s financial statements of the last 02 years as prescribed in Article 20 of this Law;

- Other information prescribed in the model prospectus.

Besides, in case of public offering of fund certificates, the prospectus shall contain the following information:

- The type and scale of the securities investment fund;

- Investment targets, strategy, method and procedures; investment limits and risk factors of the securities investment fund;

- Summary of the draft charter of the securities investment fund;

- The plan for issuance of fund certificates and instructions on making investment in the securities investment fund;

- Summary of the fund management company and the supervisory bank, regulations on trading with their related persons;

- Other information prescribed in the model prospectus.

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

Ty Na

>> CLICK HERE TO READ THIS ARTICLE IN VIETNAMESE