Financial Management Regulation regarding Stock Exchange, Securities Depository
Financial Management Regulation regarding Ho Chi Minh Stock Exchange, Hanoi Stock Exchange and Vietnam Securities Depository (hereinafter referred as "Stock Exchange and Securities Depository") has been stipulated in the newly born Circular No. 29/2010/TT-BTC of Ministry of Finance (MOF) on March 04. Under this Circular, Stock Exchange and Securities Depository are State owned legal entities under the form of single member limited company. The MOF shall act as the owner's representative.
The capital structure of those shall be similar to commercial companies but under safer requirements. The Board of Management shall report to MOF to decide the method of capital mobilization. Certain assets such as the main transaction system, information system, building, equipments, etc are required to be insured.
Any mortgage of their asset with the value of twenty percent (20%) or more of total booking assets' value shall be decided by the MOF. This principle also applies the same to the transfer, liquidation of assets.













