On October 16th, in Ho Chi Minh City, the State Securities Commission of Vietnam (SSC – Ministry of Finance) collaborated with the Japan International Cooperation Agency (JICA) to host a conference under the project “Enhancing Capacity to Promote the Efficiency of Vietnam’s Securities Market.” The program aims to update, disseminate, and guide organizations and individuals operating in the securities market to master new legal regulations, ensuring compliance and effective application in practice.
At the conference, the SSC announced and implemented four key focus areas: amendments and supplements to the Securities Law under Law No. 56/2024/QH15; new regulations on securities offering and issuance; market organization, clearing, and transaction settlement; and regulations adjusting the operations of public companies. These foundational changes aim to enhance transparency, improve management efficiency, and protect investor rights.
New securities regulations aim for quality products and investor protection
One notable highlight is the amendment of regulations on securities offering and issuance under Law No. 56/2024/QH15 and Decree 245/2025/NĐ-CP. Issuing enterprises must clearly present their offering plans, capital mobilization purposes, and specify whether separate or consolidated financial reports are used to meet issuance conditions.
The new regulations emphasize transparency, requiring issuers to submit biannual reports on capital usage from offerings until full disbursement. These reports must be audited and publicly disclosed to ensure accountability to investors.
Significantly, the listing and IPO registration process has been streamlined. Previously, companies took 6 to 12 months to complete financial procedures and listing dossiers. Now, the SSC allows dossier review upon IPO registration submission and eliminates redundant administrative procedures. This reduces the time for companies to list shares, lowers costs, and enhances access to capital markets.
The deadline for trading shares after approval by the Stock Exchange has been shortened from 90 days to 30 days, enabling investors to transfer rights quickly and increasing market liquidity. This marks a crucial step in administrative reform and boosting the efficiency of Vietnam’s securities market, aligning with international integration trends.
Speaking at the conference, Mr. Hoàng Văn Thu, Chairman of the SSC, emphasized that the issuance and implementation of new regulations not only ensure a transparent, fair, and safe market but also demonstrate the Vietnamese Government’s commitment to enhancing management and supervision capabilities, aiming for a standardized securities market deeply integrated internationally.
According to the SSC, these comprehensive reforms in the Securities Law and guiding decrees are essential preparations for upgrading Vietnam’s securities market, attracting foreign capital, and fostering sustainable and transparent national financial development.
Optimizing Securities Offering Regulations: Balancing Liberalization and Tightening Measures
To enhance transparency in securities offering and issuance, while addressing implementation challenges and streamlining administrative procedures, new regulations have been introduced under Law 56 and Decree 245. These provisions aim to simplify processes and resolve existing difficulties in the securities market.
Vietnam’s Securities Regulator Outlines Market Development Roadmap Post-Upgrade
On October 16, 2025, the State Securities Commission (SSC) of Vietnam, in collaboration with the JICA Project, hosted a conference in Ho Chi Minh City titled “Dissemination of Amendments and Supplements to the Securities Law and Detailed Implementing Regulations” for the Southern region. During the event, a key question emerged regarding the policy direction for market development following FTSE’s upgrade of Vietnam’s market classification.
KBSV: Inspiring Brands, Crafting Innovative Financial Solutions
In celebration of Vietnam’s stock market upgrade, KB Securities Vietnam (KBSV) has made a significant mark on the financial landscape by consecutively winning two prestigious awards: the “Inspirational Brand” at the Asia Pacific Enterprise Awards (APEA) 2025 and the “Innovative Personal Financial Solution” at the Vietnam Wealth Advisors Summit (VWAS) 2025.
Ministry of Finance Seeks Public Input on Draft Circular for Secured Warrants
The newly drafted Circular on covered warrants by the Ministry of Finance introduces stricter requirements, encompassing warrant conditions, issuance limits, and risk mitigation procedures.
UBCKNN’s New Policy Set to Expand Market and Attract Foreign Investment
At the conference disseminating the amended Securities Law, Vice Chairman of the State Securities Commission (SSC) Hoàng Văn Thu emphasized that Decree 245 and Circular 19 will play a pivotal role in expanding market scale, increasing the supply of goods, and attracting foreign investors, particularly as Vietnam’s stock market ascends to a higher classification.
