Implementing many new regulations on the stock market

Synchronous reforms in the Securities Law and guiding decrees are necessary preparations for the process of upgrading Vietnam's stock market.

On October 16, in Ho Chi Minh City, the State Securities Commission (SSC - Ministry of Finance ) coordinated with the Japan International Cooperation Agency (JICA) to organize a conference within the framework of the project "Enhancing capacity to promote the efficiency of Vietnam's stock market". The program aims to update, disseminate and guide organizations and individuals operating in the stock market to grasp new legal regulations, ensure compliance and effective application in practice.

The synchronous reforms in the Securities Law and guiding decrees are fundamental changes to strengthen transparency, increase management efficiency and protect investors' rights. Photo: Thuc Vy.

At the conference, the State Securities Commission announced and implemented four key topics including: Amendments and supplements to the Securities Law according to Law No. 56/2024/QH15; new regulations on offering and issuing securities; market organization, clearing and settlement of transactions; and regulations governing the operations of public companies. These are fundamental changes to strengthen transparency, increase management efficiency and protect investors' rights.

One of the notable points is the amendment of the regulations on offering and issuing securities in Law No. 56/2024/QH15 and Decree 245/2025/ND-CP. Accordingly, the issuing enterprise must clearly present the offering plan, the purpose of capital mobilization, and clarify the type of financial report used to consider the issuance conditions as a separate or consolidated report.

The new regulations emphasize the need for information transparency, requiring issuers to report every six months on the use of capital raised from offerings until disbursement. This report must be audited and made public to ensure accountability to investors.

Another innovation is the shortening of the listing and IPO registration process. While previously it took businesses 6 to 12 months to complete the procedures, the State Securities Commission will now review the documents as soon as the business submits its IPO registration, while cutting down on unnecessary administrative procedures.

As a result, the time for stocks to be officially traded has been shortened from 90 days to 30 days, helping businesses quickly access the capital market, reduce costs and increase liquidity for stocks. This is an important administrative reform step, in line with the goal of modernization and integration of the Vietnamese stock market.

According to the State Securities Commission, synchronous reforms in the Securities Law and guiding decrees are necessary preparations for the process of upgrading Vietnam's stock market, contributing to attracting foreign capital flows and promoting sustainable and transparent development of the national financial system.

Speaking at the conference, Mr. Hoang Van Thu - Chairman of the State Securities Commission emphasized that the issuance and implementation of new regulations not only helps the market operate more transparently, fairly and safely, but also demonstrates the commitment of the Vietnamese Government in upgrading management and supervision capacity, towards a standardized stock market, deeply integrated with the international market.

During the discussion session, delegates were interested and asked many questions to clarify the regulations on authority, authorization to sign reports, prescribed forms, foreign ownership ratio, early cancellation of bond trading registration, registration dossier for initial public offering of shares at the same time as registration for stock listing, auditing of financial statements, etc.

Representatives of the State Securities Commission answered and explained more clearly the content of the regulations, helping to improve the effectiveness of implementing legal documents, contributing to ensuring the securities market operates fairly, publicly, transparently, safely and develops sustainably.

Source: https://nongnghiepmoitruong.vn/trien-khai-nhieu-quy-dinh-moi-tren-thi-truong-chung-khoan-d779172.html