Vietnam’s National Assembly Passes Securities Law Amendments, Effective March 2027
Vietnam’s National Assembly passed amendments to the Securities Law on November 13, with 463 of 464 representatives present voting in favor. The law takes effect on March 1, 2027, and covers controlled trials in the securities sector, stock exchange organization, securities custody procedures and professional qualifications.
Vietnam’s National Assembly passed the Law Amending and Supplementing Several Articles of the Securities Law on the morning of November 13. Of the 464 representatives present for the vote, 463 voted in favor. The law has three articles and will take effect on March 1, 2027.
Vietnam’s National Assembly voted to pass the Securities Law amendments on the morning of November 13.（VietVance）
Before the vote, Finance Minister Ngô Văn Tuấn, acting with the prime minister’s authorization, briefed the National Assembly on how comments had been incorporated into the bill and how it had been revised. For controlled trials in the securities sector, the amendments set out basic principles and limits and authorize the government to establish trial procedures, risk control measures and rules for handling the results. After a trial, the competent authorities will consider whether to continue it or complete the legal framework before formally introducing the relevant models, products and services.
Regarding market organization, the prime minister will continue to decide the stock exchange model, allowing it to meet the market’s development needs at different times. Provisions on restructuring state capital in stock exchanges have also been revised to clarify their scope and align them with laws on state capital management and other relevant legislation.
For securities custody, the government has retained a plan to reduce certain registration requirements and application documents to avoid duplicating the banking regulator’s review of capital adequacy requirements. Requirements for technical capacity, operational safety, separate management of client assets and oversight of custody activities will remain. If a custodian can no longer operate, it must still reconcile data, settle accounts and transfer client accounts as required. The amendments also distinguish the professional requirements for managers, legal representatives and securities practitioners, and provide a two-year transition period for companies to adjust staffing.
Source: VietVance
