Securities Commission makes important decision to shorten IPO process

(Dan Tri) - 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.

On September 27, the Chairman of the State Securities Commission signed Decision No. 709 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, amended and supplemented by Decree No. 245/2025 of the Government .

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 charters 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 and 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 Initial Public Offering of Shares, the Prospectus and Certificate will be sent to HoSE to continue the process of reviewing the listing registration dossier.

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 is expected to make an important contribution to enhancing the competitiveness of the Vietnamese stock market, supporting sustainable business development, and protecting the legitimate rights of investors.

The State Securities Commission issued a coordination regulation to shorten the IPO listing process (Photo: DT).

Previously, on September 11, the Government issued Decree 245/2025 amending and supplementing Decree 155/2020 detailing the implementation of a number of articles of the Securities Law; in which, regulations were added to unify the initial public offering (IPO) dossier and the listing registration dossier.

The Decree also shortens the time for securities to be listed on the stock market after the stock exchange has approved the securities listing from 90 days to 30 days.

This is considered a big "boost" for the upcoming wave of IPOs, especially large-scale deals that have been long-awaited by the market such as TCBS, VPBankS, Hoa Phat Agricultural Development Joint Stock Company, Gelex Group...

Source: https://dantri.com.vn/kinh-doanh/uy-ban-chung-khoan-ra-quyet-dinh-quan-trong-rut-ngan-quy-trinh-ipo-20250930082438868.htm