Consolidated Document number 08/VBHN-BTC guiding the obligations of organizations and individuals in foreign investment activities on the Vietnamese securities market.

CIRCULAR [1]

GUIDELINES ON THE OBLIGATIONS OF ORGANIZATIONS AND INDIVIDUALS IN FOREIGN INVESTMENT ACTIVITIES ON THE VIETNAMESE SECURITIES MARKET
 

Circular No. 51/2021/TT-BTC dated June 30, 2021, issued by the Minister of Finance, guiding the obligations of organizations and individuals in foreign investment activities on the Vietnamese securities market, which took effect from August 16, 2021, was amended and supplemented by:

Circular No. 20/2025/TT-BTC dated May 5, 2025, issued by the Minister of Finance, amending and supplementing certain provisions of Circular No. 51/2021/TT-BTC dated June 30, 2021, issued by the Minister of Finance, guiding the obligations of organizations and individuals in foreign investment activities on the Vietnamese securities market, which took effect from June 20, 2025.

Pursuant to the Securities Law promulgated on November 26, 2019;

Pursuant to Decree No. 155/2020/NĐ-CP dated December 31, 2020 of the Government detailing the implementation of certain provisions of the Securities Law;

Pursuant to Decree No. 87/2017/NĐ-CP dated July 26, 2017, issued by the Government, stipulating the functions, tasks, powers, and organizational structure of the Ministry of Finance;

At the proposal of the Chairman of the State Securities Commission;

The Minister of Finance issues this Circular to guide the obligations of organizations and individuals in foreign investment activities on the Vietnamese securities market.[2]

Article 1. Scope of Regulation and Applicability

1. This Circular guides the implementation of Clause 6, Article 138 of Decree No. 155/2020/NĐ-CP dated December 31, 2020, of the Government detailing the implementation of certain provisions of the Securities Law regarding the obligations of foreign investors, organizations providing services for foreign investors, and other related organizations and individuals in foreign investment activities on the Vietnamese securities market.

第二条 组织和实施奖励工作的支出水平，如政府第152/2025/NĐ-CP号决定关于分级授权和奖励领域的分权规定

a) Foreign investor, group of associated foreign investors;

b) Depository member, clearing member, securities company, investment fund management company, branch of a foreign investment fund management company in Vietnam, organization issuing depositary receipts abroad, economic organization with foreign investors holding more than 50% of the charter capital;

c) Vietnam Securities Depository and Clearing Corporation, Vietnam Stock Exchange and its subsidiaries;

d) Other relevant agencies, organizations, and individuals.

Article 2. Interpretation of Terms

In this Circular, the following terms are understood as follows:

1. Certified copy is a copy issued from the original book or a certified copy by an authorized agency or organization or a copy that has been verified to match the original.

2. Authorized representative of a foreign organization is:

a) Chairman of the Board of Directors, Chairman of the Board of Members, General Director (Director), Company Secretary, owner of the foreign organization;

b) Person authorized according to the Articles of Association of the foreign organization or according to the capital contribution agreement or equivalent documents of the foreign organization having sufficient authority to sign documents representing the foreign organization;

c) Person authorized in writing by the person specified in points a and b of this clause and confirmed by a notary public abroad or recognized by a lawyer or notary public abroad as having sufficient authority to represent the foreign organization under foreign law.

3. Trading representative is an individual in Vietnam meeting the requirements stipulated in Clause 4, Article 138 of Decree No. 155/2020/NĐ-CP, authorized by a foreign investor to execute transactions and investments in securities on the Vietnamese securities market, disclose information, and report to competent state management agencies in accordance with Vietnamese law.

4. Group of associated foreign investors includes foreign organizations that are related parties having relations with each other in one of the following cases:

a) Foreign funds, foreign organizations managed by the same domestic or foreign investment fund management company;

b) Fund of funds or portfolios of the same fund, sub-funds of the same fund, master-feeder fund where the lead fund is financed by one or more feeder funds;

c) Portfolios of the same foreign investment fund or the same foreign investor, including cases where they are deposited in different depository accounts;

d) Portfolios of the same foreign investment fund or the same foreign investor, including cases where they are deposited in different depository accounts;

e) Foreign funds, foreign investors having the same trading representative.

5. Depository bank is a commercial bank, foreign bank branch granted a Membership Certificate for Depository by the Vietnam Securities Depository and Clearing Corporation.

Article 3. Indirect Investment Capital Account

1.[3] Foreign investors who are required to open an indirect investment capital account in accordance with the law on foreign exchange management shall open such an account at one custodian bank authorized to conduct foreign exchange business for their securities market investment activities in Vietnam. Overseas issuers of depositary receipts shall open an indirect investment capital account at one custodian bank authorized to conduct foreign exchange business for their issuance, cancellation of depositary receipts, and other related activities as prescribed by law.

2. When receiving entrusted capital as stipulated in point b, Clause 1, Article 138 of Decree No. 155/2020/NĐ-CP, the securities investment fund management company, and the overseas securities investment fund management company's branch in Vietnam shall open an indirect investment capital account to accept capital from foreign investors without an indirect investment capital account. In this case, the indirect investment capital account will be named after the securities investment fund management company or the overseas securities investment fund management company's branch in Vietnam.

3.[4] All money transfers to execute transactions, investments, and other payments related to foreign investors' securities investment activities as prescribed by the law on foreign exchange management and the activities of overseas issuers of depositary receipts, receiving and using dividends and interest distributions, purchasing foreign currency to transfer abroad (if applicable), and other related transactions must be conducted through the indirect investment capital account.

4.[5] The opening, closing, use, name change, and management of the indirect investment capital account shall be carried out in accordance with the law on foreign exchange management.

Article 4. Securities Deposit Account

1. After being assigned a securities trading code, foreign investors and overseas issuers of depositary receipts shall open a securities deposit account in accordance with the law on registration, custody, netting, and settlement of securities transactions.

2. Foreign investors and overseas issuers of depositary receipts shall open a securities deposit account at a custodian bank based on the principle that each securities trading code issued allows only one securities deposit account to be opened at one custodian bank. In addition to the securities deposit account at the custodian bank, foreign investors and overseas issuers of depositary receipts may open a securities deposit account at a securities company based on the principle that only one securities deposit account can be opened at each securities company.

3. When transferring a securities deposit account from an old custodian bank to a new one, foreign investors and overseas issuers of depositary receipts must close the securities deposit account at the old custodian bank after transferring all balances from this account to the new custodian bank's securities deposit account. Procedures for transferring securities between securities deposit accounts shall be carried out in accordance with the law on registration, custody, netting, and settlement of securities transactions.

Article 5. Obligations in securities market investment activities in Vietnam

1. Foreign investors and representatives of foreign investors must ensure that investment transactions on the Vietnamese securities market and transactions carried out by related persons or groups of related foreign investors do not aim to create artificial supply and demand, manipulate securities prices, and other prohibited trading behaviors as stipulated by law.

2. Foreign investors and organizations issuing depositary receipts abroad shall fulfill their obligations to declare, pay, and settle taxes, fees, charges, and service costs related to securities activities in Vietnam according to Vietnamese law.

3. Foreign investors and groups of related foreign investors shall fulfill their obligations to report ownership and disclose information about securities transactions according to the law on information disclosure in the securities market, following the principles below:

a) A foreign investor shall either carry out themselves or designate one custodian member, one securities company, one fund management company for securities investment, or their own representative office (if any), or another organization, or authorize one individual to perform the obligation to report ownership and disclose information according to the law on information disclosure in the securities market;

b)[6] A group of related foreign investors shall be responsible for designating one custodian member, one securities company, one fund management company for securities investment, or their own representative office (if any), or another organization, or authorizing one individual to perform the obligation to report ownership and disclose information according to the law on information disclosure in the securities market;

Notification regarding the designation or change of organization or individual performing the obligation to report ownership and disclose information must be prepared according to the form prescribed in Appendix I attached hereto and sent to the State Securities Commission and the subsidiary of the Vietnam Stock Exchange within 24 hours from when the designation or authorization becomes effective, accompanied by a valid copy of the license for establishment and operation or business registration certificate or fund registration certificate or equivalent legal document of the designated organization; or accompanied by a valid copy of the passport still in effect or other lawful identification for the case of an authorized foreign individual.

c) In the event of a change in the number of foreign investors in a group of related foreign investors but without a change in the organization or individual performing the obligation to report ownership and disclose information, the designated or authorized organization or individual shall have the responsibility to report to the State Securities Commission and the subsidiary of the Vietnam Stock Exchange within seven working days from the date of the change. The reporting materials include:

- An updated list of changes in the group of related foreign investors according to the form prescribed in Appendix II attached hereto;

- A document designating or authorizing the new foreign investor to perform the obligation to report ownership and disclose information according to the form prescribed in Appendix I attached hereto (in the case of adding a new foreign investor to the group of related foreign investors).

d) Foreign investors and groups of related foreign investors shall be responsible for providing complete information about their securities holdings so that the designated organization or authorized individual can fully perform the obligation to report ownership and disclose information according to the law;

đ) Foreign investors and groups of related foreign investors shall simultaneously fulfill the obligation to report ownership and the obligation to disclose information. The obligation to report ownership and disclose information shall be performed according to the law on information disclosure in the securities market.

Article 6. Obligations in Providing Services to Foreign Investors

1. Securities companies, investment fund management companies, foreign fund management company branches in Vietnam, and economic organizations with foreign investors holding more than 50% of the charter capital when providing services to foreign investors must ensure:

a) Compliance with all securities and stock market laws;

b) When providing services and participating in stock auctions on behalf of foreign investors, securities companies, investment fund management companies, and foreign fund management company branches in Vietnam must separate the trading orders and investment instructions of foreign investors from those of domestic investors (if any) and their own, ensuring compliance with legal provisions regarding the proportion of foreign ownership in Vietnamese enterprises;

c) Have the responsibility to allocate assets fairly and reasonably for each client in accordance with the contracts concluded.

2. When executing transactions for foreign investors, representatives of foreign investors must ensure:

a) Compliance with securities laws and related laws;

b) Carry out according to the transaction and payment instructions of foreign investors, not directly making investment decisions including the selection of types of securities, quantities, prices, and timing of transactions without receiving trading orders and investment instructions from foreign investors.

3. The Vietnam Securities Depository Corporation, depositary members, clearing members, securities companies, investment fund management companies, and foreign fund management company branches in Vietnam when providing services to foreign investors have the responsibility to keep confidential information about foreign investors in accordance with relevant laws and provide complete, accurate, and timely information to competent state management agencies upon request.

4. The Vietnam Securities Depository Corporation has the responsibility to establish and operate an online securities trading code registration system, promulgate regulations on the registration of online securities trading codes.

5. The Vietnam Securities Depository Corporation specifies in detail the forms of reminders, reprimands, and suspension of the use of the online securities trading code registration system by depositary members in cases where depositary members fail to submit the required list of registration documents and change information reports of organizations and individuals within the prescribed time limits as stipulated in Clause 1 and 2 of Article 146 and Clause 2 of Article 148 of Decree No. 155/2020/ND-CP.

6. In case the State Securities Commission requests, the Vietnam Securities Depository Corporation has the obligation to suspend or terminate the use of the online securities trading code registration system by depositary members.

7. Upon discovering that depositary members make false declarations of information for securities trading code registration, register fictitious securities trading codes, or register them incorrectly, the Vietnam Securities Depository Corporation has the obligation to report to the State Securities Commission and suspend or terminate the use of the online securities trading code registration system by depositary members after obtaining approval from the State Securities Commission. In this case, depositary members shall bear full responsibility, including financial obligations, for transactions conducted on accounts opened based on such securities trading codes.

8. Depositary members may only register securities trading codes, cancel securities trading codes, and report changes in information related to securities trading codes for organizations and individuals after fully receiving the required list of documents as stipulated in Clause 1 and 2 of Article 146, Clause 2 of Article 147, and Clause 2 of Article 148 of Decree No. 155/2020/ND-CP. In addition to documents that have been notarized or certified in accordance with regulations, depositary members are responsible for the accuracy of copies of documents provided by depositary members.

9. Depositary members must establish and retain records and documents regarding the custody activities of assets on the custody accounts of organizations and individuals who have been issued securities trading codes and must provide them when requested by competent authorities in accordance with the law.

10. Clearing members must retain all documents related to the settlement and payment of securities transactions of organizations and individuals who have been issued securities trading codes, provide complete, timely, and accurate information and related documents on settlement and payment activities of securities transactions when requested by competent authorities in accordance with the law.

Article 7. Reporting System

1. Depositary members must report to the State Securities Commission monthly statistical data on custody accounts and asset portfolios of foreign investors and issuers of depositary receipts abroad according to the form prescribed in Appendix III attached hereto. In case depositary members are foreign bank branches or wholly foreign-owned banks established in Vietnam, they must supplement reports on their investment activities and investment portfolios according to the form prescribed in Part III of Appendix III attached hereto.

2. The bank where foreign investors and issuers of depositary receipts abroad open indirect investment capital accounts must report to the State Securities Commission every two weeks on the capital flow activities of foreign investors and issuers of depositary receipts abroad on these accounts according to the form prescribed in Appendix IV attached hereto.

3. Securities companies, investment fund management companies, and foreign fund management company branches in Vietnam must report to the State Securities Commission monthly on portfolio management and directed investment activities for foreign investors according to the form prescribed in Appendix V attached hereto.

4. The Vietnam Securities Depository shall report to the State Securities Commission on a monthly basis regarding the activities of issuing trading codes for securities according to the model prescribed in Appendix VI attached hereto.

5. Subsidiaries of the Vietnam Stock Exchange shall report to the State Securities Commission periodically (day, month, year) concerning the activities of foreign investors' trading and the issuance of depositary receipts abroad according to the model prescribed in Appendix VII attached hereto.

6. Representatives of foreign investors must report on their investment activities as directed by the foreign investor according to the model prescribed in Appendix VIII attached hereto when requested by the State Securities Commission.

7. In case the State Securities Commission requests, the Vietnam Securities Depository, the Vietnam Stock Exchange, its subsidiaries, securities companies, investment fund management companies, branches of foreign investment fund management companies in Vietnam, depository members, clearing members, trading representatives, and direct foreign investors shall report and provide lists, data, information, and other relevant documents related to the activities of foreign investors.

8. The deadlines for submitting reports as stipulated in Clauses 1, 2, 3, 4, and 5 of this Article are as follows:

a) Before 18:00 each day for daily reports;

b) Within three working days following the 15th of each month (for the first two weeks of the month) and within three working days following the end of the month (for the last two weeks of the month) for reports on the capital flow activities of foreign investors;

c) Within five working days from the end of the month for monthly reports;

d) Within ninety days from the end of the year for annual reports.

9. The period for finalizing periodic reporting data as stipulated in Clauses 1, 2, 3, 4, and 5 of this Article is as follows:

a) For bi-weekly reports: from the first day of the reporting month to the 15th of the reporting month and from the 16th of the reporting month to the last day of the reporting month (excluding data reflecting at a specific point in time);

b) For monthly reports: from the first day of the reporting month to the last day of the reporting month (excluding data reflecting at a specific point in time);

c) For annual reports: from January 1 to December 31 of the reporting year (excluding data reflecting at a specific point in time).

10.[7] Reports as stipulated in Clauses 1, 2, 3, 4, 5, 6, and 7 of this Article shall be conducted electronically through the State Securities Commission's system for managing foreign investor activities and must be stored for a minimum of five years.

In cases where it is impossible to submit reports through the State Securities Commission's system for managing foreign investor activities due to force majeure such as network system failures, server issues, inability to use digital certificates, and other force majeure reasons, the reporting entities shall have the responsibility to submit reports in paper form accompanied by electronic data files and notify the State Securities Commission of the reasons for not being able to submit reports through the system. As soon as the force majeure situation is resolved, the reporting entity shall have the responsibility to fully report through the State Securities Commission's system for managing foreign investor activities.

Article 8. Implementation Provisions

1. This Circular shall take effect from August 16, 2021 and shall supersede Circular No. 123/2015/TT-BTC dated August 18, 2015 of the Minister of Finance guiding foreign investment activities on the Vietnamese securities market.

2. The activities stipulated in this Circular shall apply to the Vietnam Securities Depository Corporation until the Vietnam Securities Depository Corporation officially commences operations in accordance with the Securities Law.

3. The activities stipulated in this Circular shall apply to the Vietnam Stock Exchange and its subsidiaries until the Vietnam Stock Exchange and its subsidiaries officially commence operations in accordance with the Securities Law.

Article 9. Implementation Organization

The State Securities Commission, the Vietnam Securities Depository Corporation, the Vietnam Stock Exchange and its subsidiaries, securities companies, investment fund management companies, branches of foreign fund management companies in Vietnam, depository participants, clearing participants, and organizations and individuals related to the issuance of depositary receipts abroad are responsible for implementing this Circular.

Appendix I

MODEL OF DESIGNATION/ AUTHORIZATION TO PERFORM REPORTING AND DISCLOSURE OF INFORMATION BY GROUPS OF AFFILIATED FOREIGN INVESTORS
(Annexed to Circular No. 51/2021/TT-BTC dated June 30, 2021 of the Minister of Finance)

MANDATE FOR INFORMATION DISCLOSURE REPRESENTATIVE BY GROUPS OF AFFILIATED FOREIGN INVESTORS

We are:

đ) Portfolios of a foreign fund or a foreign investor custodied in different accounts;

Portfolios of a fund or a foreign investor which are custodized in different accounts;

e) Foreign funds, organizations, or portfolios having the same trading representative.Funds, organizations or portfolios having the same trading representative.:

We hereby designate the organization or authorize the individual:(Full name of designated organization/individual for information disclosure and reporting);

Name of authorized institution, individualBusiness Registration No.

Main office address (contact address)/Tel/Fax/Address/Tel/Fax/ Email

Signature sample1 - In case the authorized party is an organization (Company A/Fund A)

Authorized Institution (Company A/Fund A)1.1. Name of the authorized institution

Name of the authorized institution1.2. Legal representative/list of authorized representatives of the appointed institution

Authorized representative/ list of authorized representatives of the appointed institution2 - In case the authorized party is an individual

Authorized IndividualInformation disclosure representative:

This designation/authorization shall be effective from the date... until a change or cancellation notice in writing is provided by us.

This appointment/authorization takes effect from …/…/…. unless otherwise notified in another written notification by us.

This Appointment replaces the Appointment dated

This Mandate replaces the Mandate dated…….

Commitment: (effective from the date signed)

Declaration: (effective from the date this declaration is signed)

1. We hereby declare that the information stated above and the contents of all attached documents are entirely accurate and truthful.

We hereby certify that all the information above is correct, the attached documents and the contents therein are true and accurate.

2. We hereby commit to comply with Vietnamese law regarding reporting and disclosure obligations.

We hereby commit to comply with the Vietnamese law on disclosure and reporting.

3. We hereby certify that all the above information is entirely correct.

We hereby certify that all information above is correct.

Attached documents/Attachments: ……..

Investors/Applicants: ……..

Names and signatures of authorized representatives/Names and Signatures of Authorized Signatory: ……..

Place of visa issuance/The above mentioned correspondent(s) hereby undertake(s) to comply fully with Vietnamese laws and regulations.: ……..

Execution date/Execution Date: ……..

Appendix II/ Appendix II

UPDATED LIST OF AFFILIATED FOREIGN INVESTORS
(Annexed to Circular No. 51/2021/TT-BTC dated June 30, 2021 of the Minister of Finance)

UPDATED LIST OF AFFILIATED FOREIGN INVESTORS

1. We are: (information about the designated organization/individual authorized to make reports on ownership and publish information):

We are: (Information about the appointed organization/ individual authorized to make report on the ownership and publish information)

* For an individual investor: valid Passport/social security No; for organizational investor: Certificate of Incorporation/Certificate of Business Registration No or equivalent legal document..

* For an individual investor: valid Passport/social security No; for organizational investor: Certificate of Incorporation/Certificate of Business Registration No or equivalent legal document.

2. As the appointed/authorized party to report on ownership and disclose information on behalf of the group of affiliated foreign investors, we would like to report the updated list of the affiliated foreign investors as follows:

We, as the appointed/authorized party to report on ownership and disclose information on behalf of the group of affiliated foreign investors, we would like to report the updated list of the affiliated foreign investors as follow:

We hereby certify that the information contained herein is complete, accurate and each foreign investor of the group was informed about the latest list of affiliated foreign investor.

We hereby certify that the information contained herein is complete, accurate and each foreign investor of the group was informed about the latest list of affiliated foreign investor.

Signature of appointed organization/ authorized individual to report on ownership and disclosure./Signature of appointed organization/ authorized individual to report on ownership and disclossure.

- In case of individual/For individual:

Full name, signature of authorized individual/Full name, signature of authorized individual:........

- In case of organization/ For organization:

Name of appointed Organization/Name of appointed Organization: ........

Full name, signature of authorized representatives of the appointed organization, and stamp (if any)/ (Signature, full name of legal representative/authorized representative and seal - if any): ........

Place of visa issuance/The above mentioned correspondent(s) hereby undertake(s) to comply fully with Vietnamese laws and regulations.: ........

Execution date/Announcement date: ........

ANNEX III

TEMPLATE FOR REPORTING THE LIST OF FOREIGN INVESTORS' SECURITIES DEPOSITORY ACCOUNTS AND FOREIGN ISSUERS' SECURITIES DEPOSITORY CERTIFICATES
(Annexed to Circular No. 51/2021/TT-BTC dated June 30, 2021 of the Minister of Finance)

REPORT

Foreign investors' securities depository activities, foreign issuers' securities depository certificates
(Month.../year...)

To: State Securities Commission

I. Detailed Report According to the List

II. Portfolio Structure Report According to Investment Proportions of Organizations and Individuals

Note:

1) Value calculated based on market price at the time of reporting; treasury bills, bonds, depository certificates and stocks without transactions are valued at face value or purchase price;

2) Value of assets calculated in VND;

3) The portfolio value of organizations and individuals is arranged in descending order.

III. Securities Business Activities of Depository Members which are Branches of Foreign Credit Institutions and 100% Foreign-Owned Credit Institutions Established in Vietnam

Note:

1) The value of securities calculated based on the market price at the reporting date;

For securities without transactions, the value is calculated based on the purchase price or face value;

2) The value of assets calculated in VND units.

We hereby undertake full responsibility for the truthfulness, completeness, and accuracy of the contents of this Report.

REGULATIONS ON THE CERTIFICATE DESIGN FOR OUTSTANDING RURAL INDUSTRIAL PRODUCTS

SAMPLE REPORT ON FUNDS TRANSFER ACTIVITY OF FOREIGN INVESTORS AND ORGANIZATIONS ISSUING DEPOSITORY RECEIPTS ABROAD
(Annexed to Circular No. 51/2021/TT-BTC dated June 30, 2021 of the Minister of Finance)

REPORT

Funds transfer activity of foreign investors and organizations issuing depository receipts abroad
(Date.../Month.../Year....)

To: State Securities Commission

Note:

1) Includes the value of conversion between VND and foreign currency in spot transactions, forex forward contracts maturing within the period, and swaps.

2) The net inflow value during the reporting period is arranged in descending order from largest to smallest.

Appendix V

SAMPLE REPORT ON ASSET MANAGEMENT ACTIVITY FOR FOREIGN INVESTORS
(Annexed to Circular No. 51/2021/TT-BTC dated June 30, 2021 of the Minister of Finance)

REPORT

Asset management/portfolio designation activity for foreign investors
(Month.../ Year...)

To: State Securities Commission

I. Report on asset management activities

1. Detailed information about portfolio management contracts generated, terminated, or expired during the period

* For individuals: Valid passport number/legal personal identification; For organizations: Business registration certificate number/Enterprise registration certificate/Legal equivalent document

**In case of managing portfolios on customer accounts

***Contract status (valid, terminated, or expired)

2. Transaction situation according to portfolio management contracts during the period

Note: Value calculated based on market price or face value (in case there is no market price), unit VND.

II. Report on investment activities according to designation

1. Detailed information about investment designation contracts generated, terminated, or expired during the period

* For individuals: Valid passport number/legal personal identification; For organizations: Business registration certificate number/Enterprise registration certificate/Legal equivalent document

**In case of managing portfolios on customer accounts

***Contract status (valid, terminated, or expired)

2. Transaction situation of investment designation contracts during the period

Note: Value calculated based on market price or face value (in case there is no market price), unit VND.

III. Recommendations …….

We hereby undertake full responsibility for the truthfulness, completeness, and accuracy of the contents of this Report.

Appendix VI

SAMPLE REPORT ON TRANSACTION CODE ASSIGNMENT ACTIVITY
(Annexed to Circular No. 51/2021/TT-BTC dated June 30, 2021 of the Minister of Finance)

REPORT

Activity of assigning transaction codes for securities
(Month.../year...)

To: State Securities Commission

I. General Information

II. List of foreign investors, economic organizations with foreign investment capital, organizations issuing depository receipts abroad assigned transaction codes for securities during the reporting period

* Provide detailed information about the name and contact address of the securities service provider in Vietnam (Trading representative/securities company/investment fund management company).

III. Changes of foreign investors, economic organizations with foreign investment capital, organizations issuing depository receipts abroad during the reporting period

** Changes according to Article 148 of Decree No. 155/2020/NĐ-CP dated December 31, 2020 of the Government detailing implementation of certain provisions of the Securities Law.