Vietnam: Financial management of subsidiaries of VNX

Bao Ngoc

14:13, 19/06/2021

On June 18, 2021, the Government issued Decree 59/2021/ND-CP< /a> stipulates a number of specific contents on financial management and performance assessment of Vietnam Exchange and Vietnam Securities Depository And Clearing Corporation.

According to Vietnam's decree, financial management of subsidiaries of VNX include the following basic content:

- Charter capital, capital mobilization and intercorporate investments;

- Investment, construction and procurement of fixed assets, and asset management;

- Revenues of the subsidiary of VNX, including:

+ Oerating revenues (revenues from listing and trading of securities, trading of derivatives, bidding for bonds, auction of securities, transfer of ownership of securities not through trading system and revenues from other operations);

+ Revenues from provision of services (including information services, technological infrastructure services for the securities market, and other services);

+ Financial incomes and other incomes.

- Expenses of the subsidiary of VNX;

- Distribution of profits after paying taxes and setting aside funds;

- Other contents to serve management requirements.

Vietnam's Decree 59/2021/ND-CP takes effect from August 6, 2021.

>> CLICK HERE TO READ THIS ARTICLE IN VIETNAMESE

121 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