Issuing regulations on coordination of IPO procedures and stock listing registration

This coordination regulation not only helps to reduce procedures, but also contributes to increasing transparency and standardizing the IPO process associated with listing.

On September 27, 2025, the Chairman of the State Securities Commission (SSC) signed Decision No. 709/QD-UBCK promulgating the Regulations on coordination in reviewing registration dossiers for initial public offerings (IPOs) at the same time as registration dossiers for stock listing.

This is an important step in administrative procedure reform, contributing to improving the efficiency of capital mobilization and protecting investors' rights in the stock market.

The coordination regulations are issued to implement the provisions of Article 111a of Decree No. 155/2020/ND-CP (amended and supplemented in Decree No. 245/2025/ND-CP).

With this coordination mechanism, specialized units under the State Securities Commission together with the Ho Chi Minh City Stock Exchange (HOSE) will review the documents on financial statements, reports on contributed charter capital, company charter and related documents that have been submitted, thereby significantly shortening the time to put shares into trading after IPO.

During the process of reviewing the dossier, the specialized units of the State Securities Commission and HOSE coordinate through written exchanges, professional meetings, and share information on requests for amendments, supplements, explanations or rejections of dossiers. After the State Securities Commission issues the Certificate of Registration for the Initial Public Offering of Shares, the Prospectus and Certificate will be sent to HOSE to continue the process of reviewing the dossier for listing registration.

The coordination regulations not only help to reduce procedures, but also contribute to increasing transparency and standardizing the IPO process associated with listing. When conducting IPOs, enterprises will simultaneously be prepared for listing conditions, helping to maximize convenience for capital mobilization and increase investor confidence.

The issuance of this Coordination Regulation by the State Securities Commission is expected to make an important contribution to enhancing the competitiveness of the Vietnamese stock market, supporting businesses to develop sustainably, and at the same time protecting the legitimate rights of investors.

Source: https://baodautu.vn/ban-hanh-quy-che-phoi-hop-thu-tuc-ipo-va-dang-ky-niem-yet-co-phieu-d396955.html