Deploying a series of new regulations on the stock market

(NLDO)- New legal regulations on securities aim to create quality products, protect investors and develop a sustainable stock market.

On October 16, in Ho Chi Minh City, the State Securities Commission (SSC - Ministry of Finance ) coordinated with the Japan International Cooperation Agency (JICA) to organize a conference within the framework of the project "Enhancing capacity to promote the efficiency of the Vietnamese stock market". The program aims to update, disseminate and guide organizations and individuals operating in the stock market to grasp new legal regulations, ensure compliance and effective application in practice.

At the conference, the State Securities Commission announced and implemented four key topics including: amending and supplementing the Securities Law according to Law No. 56/2024/QH15; new regulations on offering and issuing securities; market organization, clearing and payment of transactions; and regulations governing the operations of public companies. These are fundamental changes to strengthen transparency, increase management efficiency and protect investors' rights.

New regulations on securities aim for quality products, protecting investors

One of the notable points is the amendment of the regulations on offering and issuing securities in Law No. 56/2024/QH15 and Decree 245/2025/ND-CP. Accordingly, the issuing enterprise must clearly present the offering plan, the purpose of capital mobilization, and clarify the type of financial report used to consider the issuance conditions as a separate or consolidated report.

The new regulations emphasize the need for information transparency, requiring issuers to report every six months on the use of capital raised from offerings until disbursement. This report must be audited and made public to ensure accountability to investors.

Notably, the process of listing shares and registering for IPOs has also been significantly shortened. Previously, it took businesses 6 to 12 months to complete financial procedures and listing documents. Now, the State Securities Commission allows reviewing documents from the time businesses submit their IPO registration documents, while cutting many "cumbersome" administrative procedures. This helps businesses shorten the time it takes to officially list shares, reduce costs and increase access to the capital market.

The time limit for putting shares into trading after being approved by the Stock Exchange has also been shortened from 90 days to 30 days, creating conditions for investors to quickly exercise their transfer rights, increasing market liquidity. This is an important step forward in reforming administrative procedures and promoting the operational efficiency of the Vietnamese stock market, in line with the trend of international integration.

Speaking at the conference, Mr. Hoang Van Thu, Chairman of the State Securities Commission, emphasized that the issuance and implementation of new regulations not only helps the market operate more transparently, fairly and safely, but also demonstrates the commitment of the Vietnamese Government in upgrading management and supervision capacity, towards a standardized stock market, deeply integrated with the international market.

According to the State Securities Commission, synchronous reforms in the Securities Law and guiding decrees are necessary preparations for the process of upgrading Vietnam's stock market, contributing to attracting foreign capital flows and promoting sustainable and transparent development of the national financial system.

Source: https://nld.com.vn/trien-khai-hang-loat-quy-dinh-moi-tren-thi-truong-chung-khoan-196251016133839981.htm