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ARTICLE · 08 NOVEMBER 2010

Draft Circular on Bank Listings

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The State Bank of Vietnam (SBV) has released for public consultation a draft circular guiding a joint stock credit institution (Credit Institution) on registration for listing of shares on a domestic or foreign stock exchange (Draft Circular).

VietnamFinance and Banking
Dao Nguyen
Dao Nguyen
Thinh Phu Dan
Thinh Phu Dan
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Originally published 8 November 2010

Keywords: draft circular, bank listings, State Bank of Vietnam, SBV, stock exchange

The State Bank of Vietnam (SBV) has released for public consultation a draft circular guiding a joint stock credit institution (Credit Institution) on registration for listing of shares on a domestic or foreign stock exchange (Draft Circular).

The Draft Circular sets out the conditions required to be met before SBV's approval to list on a stock exchange can be obtained.

Conditions to Obtain SBV Approval to List on a Domestic Stock Exchange

A Credit Institution must meet three conditions before the SBV will consent to its registration for listing on a domestic stock exchange: (i) conditions on the financial capacity; (ii) conditions on the operational safety; and (iii) conditions on the management and executive operation of the Credit Institution.

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