Foreign Organisations Need Permit for Share Issuance

The Ministry of Finance has completed the amments to the Decree 14/2007/ND-CP which provides that foreign issuing organisations in Vietnam must satisfy the following conditions. Firstly, their securities must have been listed on foreign stock exchanges which have cooperation agreements with the HCM City Stock Exchange or State Securities Commission. Secondly, the organisations must have approved investment projects in Vietnam. Third, they must get the consultancy of a Vietnamese securities company regarding offering and listing securities on the market.

 

In addition, foreign issuers must show the following documents: decisions by their shareholders on the approval of the issuance and listing of securities in Vietnam a license for the foreign institutions&rsquo establishment and operation documents showing the listing on foreign stock exchanges and book of securities ownership registration.