On Apr. 8, 2025, VIE SEC finalized circular14/2025/TT-BTC as proposed above.
Changes relate to not requiring personal documents after registering and activating electronic identity authentication account on the Vietnam Electronic Identification app.
Amends documents required for ownership transfer for organizational entities, as well as the relevant identification requirements for Vietnamese citizens, Vietnamese-origin persons who are residing in Vietnam, domestic organizations, and foreign investors.
Replaces forms 01, 02 in appendix of 58/2021/TT-BTC with new versions as attached.
On Oct. 22, VIE GVT, VIE SEC proposed changes re transactions.
VIE GVT, VIE SEC drafted a circular to amend, supplement provisions of circulars related to registration, deposit, clearing, and settlement of securities transactions.
Follows VIE GVT Dec. 2020 issued circular on rules for securities market, see #97733.
Also follows VIE SEC Jul. 2021 circular on derivatives, securities trading, #111325.
Documents dated Oct. 22, 2024, received Oct. 23, summarized on Oct. 25.
Amendments to 119/2020/TT-BTC
Updates provisions related to securities registration, deposit, clearing, and settlement.
Modifies requirements for documentation, specifically concerning ownership transfer.
Revises personal identification requirements for Vietnamese citizens and non-citizens, as well as documentation needed for domestic organizations and foreign investors
Amendments to 58/2021/TT-BTC
Replaces the appendix forms no. 01 as well as no. 02 with updated template.
These will guide compliance with Decree no. 158/2020/ND-CP re derivatives market.
Effectiveness
The consultation period is not mentioned.
Apr. 2025 Circular Finalized
On Apr. 8, 2025, VIE SEC finalized circular14/2025/TT-BTC as proposed above.
Changes relate to not requiring personal documents after registering and activating electronic identity authentication account on the Vietnam Electronic Identification app.
Amends documents required for ownership transfer for organizational entities, as well as the relevant identification requirements for Vietnamese citizens, Vietnamese-origin persons who are residing in Vietnam, domestic organizations, and foreign investors.
Replaces forms 01, 02 in appendix of 58/2021/TT-BTC with new versions as attached.
