THE MINISTRY OF
FINANCE OF VIETNAM
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THE SOCIALIST
REPUBLIC OF VIETNAM
Independence - Freedom - Happiness
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No.:
69/2023/TT-BTC
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Hanoi, November
15, 2023
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CIRCULAR
AMENDMENTS
TO CIRCULAR NO. 57/2021/TT-BTC DATED JULY 12, 2021 OF MINISTER OF FINANCE OF
VIETNAM INTRODUCING ROADMAP FOR REORGANIZATION OF MARKETS FOR SHARES, BONDS,
DERIVATIVES AND OTHER SECURITIES
Pursuant to the Law on Securities dated November
26, 2019;
Pursuant to the Government's Decree No.
155/2020/ND-CP dated December 31, 2020 on elaboration of some Articles of the
Law on Securities;
Pursuant to the Government’s Decree No.
14/2023/ND-CP dated April 20, 2023 defining functions, tasks, powers and
organizational structure of the Ministry of Finance of Vietnam;
Pursuant to the Decision No. 37/2020/QD-TTg
dated December 23, 2020 of the Prime Minister of Vietnam on establishment,
organization and operation of Vietnam Exchange;
At the request of the Chairwoman of the State
Securities Commission of Vietnam (SSC);
The Minister of Finance of Vietnam promulgates a
Circular providing amendments to Circular No. 57/2021/TT-BTC dated July 12,
2021 of the Minister of Finance of Vietnam introducing the roadmap for
reorganization of markets for shares, bonds, derivatives and other securities.
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1. Clause 1 Article 4 is amended as follows:
“1. HSX shall consistently organize the markets for
listed shares, fund certificates and covered warrants, and shares of registered
organizations in accordance with the Law on Securities and its guiding
documents by the end of December 31, 2026.”
2. Points c, d, dd and e Clause 2 Article 4 are
amended as follows:
“c) By July 01, 2025: HSX shall receive and
consider applications for listing and organize trading of new shares of
organizations that meet listing requirements set out in the Government’s Decree
No. 155/2020/ND-CP dated December 31, 2020 on elaboration of the Law on
Securities (hereinafter referred to as “Decree No. 155/2020/ND-CP”) and have
their contributed charter capital of at least VND 120 billion at the
application date;
d) From July 01, 2025: HSX shall receive and
consider applications for listing and organize trading of new shares of
organizations that meet listing requirements set out in the Government’s Decree
No. 155/2020/ND-CP;
dd) By the end of December 31, 2025: HSX shall
complete its receipt of shares of listed organizations transferred from HNX;
e) By the end of December 31, 2026: HSX shall
complete its receipt of shares of registered organizations transferred from
HNX."
3. Points b, c, d and e Clause 3 Article 4 are
amended as follows:
“b) By July 01, 2025: HNX shall receive and
consider applications for listing and organize trading of new shares of
organizations that meet listing requirements set out in the Decree No.
155/2020/ND-CP and have their contributed charter capital of at least VND 30 billion
at the application date;
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d) By the end of December 31, 2025: HNX shall
complete the transfer of shares of listed organizations from HNX to HSX;
e) By the end of December 31, 2026: HNX shall
complete the transfer of shares of registered organizations from HNX to HSX.
After completing the transfer of shares of registered organizations from HNX to
HSX, HNX shall not receive new applications for registration of trading.”
4. Clause 2 Article 7 is amended as follows:
“2. HNX shall transfer the applications for listing
of shares which have been submitted before July 01, 2025 but have not yet been
approved by HNX to HSX before July 08, 2025 so that HSX shall process them in
accordance with regulations of law.”
Article 2. Transition
HSX shall transfer applications for listing which
have been submitted by organizations whose contributed charter capital as at
the application date is less than VND 120 billion but have not yet been
approved before the effective date of this Circular to HNX that shall continue
processing such applications in accordance with regulations of law.
Such transfer of applications must be completed
within 05 business days from the effective date of this Circular.
Article 3. Implementation
1. This Circular comes into force from December 30,
2023.
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3. VNX, HNX, HSX, listed organizations, registered
organizations, public companies and other relevant organizations and
individuals are responsible for the implementation of this Circular./.
PP. MINISTER
DEPUTY MINISTER
Nguyen Duc Chi