To review and amend the Law on Enterprises related to private placement in Vietna

To review and amend the Law on Enterprises related to private placement in Vietnam (Source: Internet)

Resolution 86/NQ-CP in 2022 stipulates the development of a safe, transparent, efficient, and sustainable capital market in order to stabilize the macro-economy and mobilize resources for socio-economic development, which is issued by the Government of Vietnam.

Specifically, the Government assigned the Ministry of Planning and Investment of Vietnam to assume the prime responsibility for reviewing, evaluating, and amending the Law on Enterprises related to private placement in Vietnam.

In addition, the Ministry of Finance  of Vietnamwas assigned to review and evaluate the implementation of the Law on Securities and the Law on Enterprises to submit to the Government the need to amend and supplement the Law on Securities and Decree 155/2020/ND-CP.

Actively review and propose amendments to inadequate regulations related to the transparency of information of enterprises, rights and responsibilities of management and market participants such as state management agencies, enterprises, securities companies, and investors; strengthen sanctions solutions to severely punish violations of the law on the stock market, protect investors.

In the immediate future, urgently review and submit to the Government a draft Decree amending Decree 153/2020/ND-CP regulating the offering and trading of individual corporate bonds in the domestic market and the offering for sale of corporate bonds. to the international market to raise standards and conditions for corporate bond issuance, contributing to a healthy and transparent market.

The State Securities Commission of Vietnam also reviews, manages, and supervises the information disclosure and quality of information disclosure of enterprises raising capital on the market under its management, according to this Resolution.

Strictly handle cases of violation of the obligation to report and disclose information, proactively disclose information related to the case of violation and implement solutions to stabilize the psychology of domestic and foreign investors. protect the legitimate interests of investors in accordance with the law in Vietnam.

See details in Resolution 86/NQ-CP in 2022.

Chau Thanh

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