Implementing new regulations on securities helps businesses raise capital quickly

The process of listing shares and registering for an initial public offering (IPO) has been significantly shortened.

On October 16, in Ho Chi Minh City, the State Securities Commission (SSC) 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".

At the conference, the State Securities Commission deployed 4 main topics, notably the amendment of regulations on securities offering and issuance. The new regulations require enterprises to clearly announce capital mobilization plans, financial reports used, and periodically report every 6 months on the use of capital raised from offerings until disbursement. This report must be audited and publicly announced to protect investors' rights and enhance accountability.

The process of listing shares and registering for an initial public offering (IPO) has also been significantly shortened, allowing businesses to submit documents and be considered right from the registration stage, instead of taking 6 to 12 months as before. The time limit for putting shares into trading after being approved by the Stock Exchange has been reduced from 90 to 30 days, helping businesses save costs, increase liquidity and create opportunities to access the capital market faster.

Mr. Hoang Van Thu, Chairman of the State Securities Commission, emphasized that these synchronous reforms are an important preparatory step for the process of upgrading the Vietnamese stock market, towards a fair, transparent market and deep international integration.

Source: https://nld.com.vn/trien-khai-nhieu-quy-dinh-moi-ve-chung-khoan-196251016220230423.htm