Decision No. 121/2008/QD-BTC of the Ministry of Finance promulgates the Rules on the activities of foreign investors in the Vietnamese securities market, to take effect 15 days after publication in the Official Gazette. Previous regulations contrary to this decision shall be abolished.
Đối tượng áp dụng
Foreign investors operating in the Vietnamese securities market
Các điểm cốt lõi
- Foreign investors → are allowed to participate in the Vietnamese securities market through securities companies, fund management companies, and depositary participants.
🌐 Tác động xã hội từ văn bản này
- Positive impact: Enhances diversification of investment capital in the Vietnamese securities market, promoting the development of the securities finance industry.
- Negative impact: May increase administrative procedures for foreign investors when participating in activities on the Vietnamese securities market.
❓ Câu hỏi thường gặp
What conditions must foreign investors meet to participate in the Vietnamese securities market?
This decision does not specify specific conditions, but foreign investors need to go through securities companies, fund management companies, or depositary participants.
What is the duration of effectiveness of this Decision?
This Decision takes effect 15 days from the date of publication in the Official Gazette.
How will previous regulations contrary to this Decision be abolished?
Previous regulations contrary to this Decision shall be abolished immediately upon the effectiveness of this Decision.
What procedures must foreign investors undertake to participate in the Vietnamese securities market?
This Decision does not specify specific procedures, but foreign investors need to go through securities companies, fund management companies, or depositary participants.
Who are the parties responsible for implementing this Decision?
The Director of the Ministry of Finance’s Office, the Chairman of the State Securities Commission, securities companies, fund management companies, depositary participants, and foreign investors.
Toàn văn
Pursuant to …;
Regarding the issuance of the Rules on the operation of foreign investorsin the Vietnamese securities market
_______________________
THE MINISTER OF FINANCE
BASED ON THE SECURITIES LAW NUMBER 70/2006/QH11 OF JUNE 29, 2006;
The Minister of Finance issues this Circular amending and supplementing Circular No. 27/2010/TT-BTC dated February 26, 2010 of the Ministry of Finance on the level of collection, payment procedures, management, and use of securities transaction fees applicable at the Stock Exchanges and the Vietnam Securities Depository Center as follows:
Pursuant to Decree No. 118/2008/NĐ-CP dated November 27, 2008, of the Government stipulating the functions, tasks, powers, and organizational structure of the Ministry of Finance;
At the request of the Chairman of the State Securities Commission.
DECISION:
Article 1. The Rules on the operation of foreign investors in the Vietnamese securities market are hereby issued together with this Decision.
Article 2. This Decision shall take effect fifteen days after its publication in the Official Gazette. Any previous provisions that conflict with this Decision are hereby abolished.
Article 3. The Director of the Ministry's Office, the Chairman of the State Securities Commission, securities companies, fund management companies, depository participants, foreign investors, and other relevant parties are responsible for implementing this Decision./.
DEPUTY MINISTER
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