After more than 20 years of establishment and development, Vietnam’s stock market has made important achievements in the process of international integration, especially since Vietnam joined the World Trade Organization (WTO) in 2007. WTO Protocol on Accession have opened up many opportunities for foreign investors to engage in securities trading in Vietnam. The following article will address the conditions and procedures that foreign investors need to perform when they wish to contribute capital to a Vietnamese securities company.
If foreign investors are organizations failing to meet requirements stipulated in Decree 58/2012/NĐ-CP, or if they are individual investors, they shall be entitled to hold less than 51% of the charter capital of a securities trading organization; The form of investment, operating scope, Vietnamese partners, and other aspects are conformable with the international agreements to which the Socialist Republic of Vietnam is a signatory:
On the form of investment: contribute capital, buy shares or capital contributes of the market research companies.
Due to the fact that securities trading is a conditional business line, foreign investor has to carry out the procedure to register the capital contribution or purchase of shares/capital contribution.
After receiving the permit, foreigners shall contribute capital to the securities company. The company receiving the capital contribution will carry out procedures for changing its members/shareholders in accordance with the law. But if foreign investors wish to contribute capital to establish a foreign-invested securities company, the implementation process will be: Apply for Invesment Registration Certificate è Establish foreign-owned market research Vietnam. These procedures will take more time than contributing capital to an operating company.
All procedures related to foreign investors to contribute capital to Vietnam’s securities company, please contact the Viet An Law Firm for more details.
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