Vietnam: Roadmap for reorganization of markets for shares

Bao Ngoc

16:40, 16/07/2021

On July 12 2021, the Ministry of Finance of Vietnam issued Circular No. 57/2021/TT-BTC introducing roadmap for reorganization of markets for shares, bonds, derivatives and other securities.

According to Circular No. 57/2021/TT-BTC, roadmap for reorganization of markets for shares, fund certificates and covered warrants are stipulated as following:

- Ho Chi Minh City Stock Exchange (HSX) shall consistently organize the markets for listed shares, fund certificates, and covered warrants, and shares of registered organizations in accordance with the Law on Securities of Vietnam and its guiding documents by the end of June 30, 2025.

- Within the above mentioned time limit, HSX shall carry out the organization of the markets for listed shares, fund certificates, and covered warrants, and shares of registered organizations as stipulated, particularly:

+ Continue organizing the markets for listed shares, fund certificates, and covered warrants at HSX before July 20 2021;

+ Organize trading of new listed fund certificates and covered warrants;

+ By July 01, 2023: HSX shall receive and consider applications for listings and organize trading of new shares of organizations that meet listing requirements set out in the Government’s Decree No. 155/2020/ND-CP and have their contributed charter capital of at least VND 120 billion at the application date…

Circular No. 57/2021/TT-BTC takes effect on July 20 2021.

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