Regulatory Alerts2020-12-23 | 37/2020/QĐ-TTGAdded · Updated
Decision No. 57/2020/QD-TTG on the Establishment, Organization and Operation of the Vietnam Stock Exchange
This Decision establishes the Vietnam Stock Exchange (VNX) as a wholly state-owned parent company formed by reorganizing the Hanoi Stock Exchange and the Ho Chi Minh City Stock Exchange, effective February 20, 2021. It defines VNX's authorized charter capital at 3,000 billion VND, outlines its corporate governance structure including the Board of Members and General Director appointed by the Minister of Finance, and assigns specific operational responsibilities to VNX and its subsidiaries for market organization, supervision, and technology development. The Decision also mandates the Ministry of Finance and the State Securities Commission to oversee the restructuring process and financial management, while repealing previous decisions governing the former exchanges upon VNX's commencement of operations.
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