Securities Law overhaul to ease administrative burdens and protect investors
The draft amended Securities Law proposes simplifying a range of administrative procedures and business regulations while providing a legal basis for electronic transactions
The National Assembly Standing Committee has approved amendments to Vietnam's Securities Law, aiming to streamline administrative procedures while preserving regulation, supervision, and investor protection. Deputy Minister of Finance Ta Anh Tuan presented the draft at the committee's sixth session, highlighting the need to address administrative reform, private sector development, digital transformation, and market capacity enhancement.
The revised law, set to take effect on March 1, 2027, retains 112 unchanged articles and amends 23 others, adding one new provision. Among the changes, the draft simplifies procedures for securities depository operations, registration of initial public offerings, and other processes, making them more suitable for an e-environment.
Additionally, a controlled testing mechanism for new technologies, products, services, and business models has been introduced, with principles on safety, participation conditions, and supervision outlined. The controlled testing provisions will take effect on March 1, 2028.
Brief written by urgent.news from Vietnam Investment Review's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
