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ARTICLE · 09 JULY 2024

Vietnam's Draft Circular On Securities Transactions

Tilleke & Gibbins
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Tilleke & Gibbins

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Tilleke & Gibbins has been present in Vietnam since 1992, when it became the first foreign law firm...

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In April 2024, Vietnam's Ministry of Finance published a draft circular concerning securities transactions...

VietnamCorporate/Commercial Law
Duong Duy Nguyen
Duong Duy Nguyen
Linh Ngoc Nguyen
Linh Ngoc Nguyen
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In April 2024, Vietnam's Ministry of Finance published a draft circular concerning securities transactions, clearing and settlement of securities transactions, activities of securities companies, and information disclosure on the securities market (the "Draft Circular") for public feedback. The Draft Circular, if adopted, will amend several regulations impacting public companies and the securities market. Some of the more notable amendments are discussed below.

Relaxing Pre-Funding Requirement for Foreign Institutional Investors

To place orders to purchase securities, investors are currently required to have sufficient cash in their securities trading accounts to pay 100% of the cost of the transaction, except in cases of:

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