Conference on the Amended Securities Law and Its Implementing Regulations
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On October 10, 2025, the State Securities Commission of Vietnam (SSC) hosted a conference to disseminate the Amended Securities Law and its implementing regulations. This event was part of the 2025 Legal Dissemination and Education Plan, aimed at helping businesses and market participants stay updated on new regulations, ensuring uniform compliance across the system.
The conference was chaired by SSC Vice Chairman Hoang Van Thu, with attendance from leaders of SSC departments, stock exchanges, the Vietnam Securities Depository, and over 500 delegates representing public companies, listed firms, securities companies, and fund management firms.
In his opening remarks, Mr. Hoang Van Thu noted that during the 8th session of the 15th National Assembly, Law No. 56/2024/QH15 was passed, amending and supplementing several laws under the Ministry of Finance’s purview, including the Securities Law. Three key focus areas were highlighted:
First, enhancing transparency and efficiency in securities issuance and offering.
Second, strengthening oversight and penalties for fraudulent activities, while clarifying the responsibilities of involved entities and individuals.
Third, addressing practical challenges, streamlining administrative procedures, and fostering a transparent, efficient market to achieve upgrading goals.
Alongside the amended law, the Ministry of Finance issued Circular No. 19/2025/TT-BTC on May 5, 2025, regulating the registration and revocation of public company status, along with audited reports on contributed charter capital. According to Mr. Thu, the new regulations clarify responsibilities among agencies, reduce processing times, and facilitate businesses in fulfilling disclosure obligations.
Additionally, Decree No. 245/2025/NĐ-CP, amending Decree No. 155/2020/NĐ-CP, has been issued, expanding securities issuance conditions, particularly for IPOs linked to stock listings. “The new decree will broaden market scale, increase supply, and attract foreign investors, especially as Vietnam’s stock market moves toward an upgrade,” emphasized the SSC Vice Chairman.
SSC Vice Chairman Hoang Van Thu speaking at the conference
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The conference featured four key topics: an overview of Law No. 56/2024/QH15 and its guiding documents; new regulations on securities offerings and issuances; market organization, clearing, and settlement mechanisms; and regulations for public companies under Law No. 56/2024/QH15, Decree No. 245/2025/NĐ-CP, and Circular No. 19/2025/TT-BTC.
The discussion session was lively, with input from businesses and professional associations on implementation issues. SSC representatives directly addressed policy objectives and noted suggestions for further regulatory improvements, enhancing market oversight and management.
In his closing remarks, Mr. Hoang Van Thu praised the delegates’ proactive engagement and urged businesses to widely disseminate the new regulations internally, ensuring full compliance with securities laws. The SSC will continue organizing dissemination conferences in the Central and Southern regions to broaden outreach, supporting nationwide businesses and improving the effectiveness of Vietnam’s securities market.
– 19:58 10/10/2025
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