Decision No. 171/2008/QD-TTg On the establishment of the Vietnam Securities Depository Center

Pursuant to …;

Regarding the establishment of the Securities Depository Center

of Vietnam

______________

 PRIME MINISTER

Pursuant to the Law on Organization of the Government dated December 25, 2001;

Pursuant to the Securities Law dated June 29, 2006;

Considering the proposal of the Minister of Finance.

Pursuant to …;

Article 1. The Securities Depository Center of Vietnam shall be established based on the transformation and restructuring of the Securities Depository Center (established pursuant to Decision No. 189/2005/QĐ-TTg dated July 27, 2005) from a state-owned public service unit with income to operate under the model of a limited liability company wholly owned by the State.

- International trading name: Vietnam Securities Depository.

- Abbreviation: VSD.

12/2025/TT-BNNMT dated June 19, 2025 issued by the Minister of Agriculture and EnvironmentThe Securities Depository Center of Vietnam shall have legal personality, its own seal; it may open accounts at the State Treasury, domestic and foreign commercial banks; it shall be an independent accounting entity, financially autonomous; it shall implement financial regulations, reporting, statistical, accounting, and auditing systems as prescribed by law.

The Securities Depository Center of Vietnam shall have its main office in Hanoi and a branch in Ho Chi Minh City. Based on the development situation of the securities market, the Ministry of Finance shall decide on the establishment of additional branches in certain provinces and centrally governed cities.

Article 3. The Securities Depository Center of Vietnam shall have the function of organizing and implementing the registration, custody, settlement, and payment of securities, and providing support services to complete securities transactions for listed securities at the Stock Exchange, the Securities Trading Center, and unlisted securities of public companies as prescribed by law.

The Securities Depository Center of Vietnam shall inherit all rights and responsibilities of the Securities Depository Center and shall perform the rights and obligations stipulated in the Securities Law, the Enterprise Law, the Charter of the Securities Depository Center of Vietnam, and other relevant laws.

Article 4. The operating capital of the Securities Depository Center of Vietnam includes:

1. Registered capital: 1,000 billion VND (one thousand billion VND), including:

a. Capital transferred from the Securities Depository Center by the state budget;

b. Additional state budget capital during the course of operation.

2. Supplementary capital from post-tax profits and other legitimate sources.

3. Other legitimate loan and raised capital for investment in technical infrastructure development.

Article 5.Organizational structure and operations

1. The management and operational machinery of the Securities Depository Center of Vietnam shall include the Board of Directors, General Director, Supervisory Board, and supporting departments.

2. The Securities Depository Center of Vietnam shall apply the safekeeping bonus system; managerial staff of the Center shall apply the salary classification of a State Corporation.

3. The organizational structure and operations of the Securities Depository Center of Vietnam shall be specifically defined in the Charter of the Center.

Article 6.Responsibilities of agencies

1. Ministry of Finance:

a. Approving the Charter of the Securities Depository Center of Vietnam; issuing financial mechanisms and approving the positions of Chairman and members of the Board of Directors, and the General Director of the Securities Depository Center of Vietnam upon the proposal of the Board of Directors, after obtaining the opinion of the Chairman of the State Securities Commission.

b. Coordinating with related ministries and sectors to guide the implementation of this Decision.

c. The State Securities Commission shall issue the Business Registration Certificate; manage and supervise the activities of the Securities Depository Center of Vietnam.

2. The Ministry of Labor, Invalids and Social Affairs shall coordinate with the Ministry of Finance to guide the Securities Depository Center of Vietnam in implementing salary classification and the safekeeping bonus system according to current regulations.

3. The Board of Directors and General Director of the Securities Depository Center of Vietnam shall be responsible for organizing the activities of the Securities Depository Center of Vietnam in accordance with the provisions of the law.

Article 7. This Decision shall take effect fifteen days after its publication in the Official Gazette and shall replace Decision No. 189/2005/QĐ-TTg dated July 27, 2005 of the Government Chairman regarding the establishment of the Securities Depository Center.

Article 8. The Minister of Finance, the Chairman of the State Securities Commission, the Ministers, Heads of ministerial-level agencies, Heads of agencies under the Government, Chairmen of provincial and centrally governed city People's Committees shall be responsible for enforcing this Decision./.