Regulatory Alerts2008-12-18 | 171/2008/QĐ-TTgAdded · Updated
Decision on the Establishment of the Vietnam Securities Depository
Prime Minister Nguyen Tan Dung issued Decision 171/2008/QD-TTg to establish the Vietnam Securities Depository (VSD) by converting the previous state-funded unit into a single-member limited liability company wholly owned by the State. The VSD is mandated to organize the registration, custody, clearing, and settlement of securities for listed and unlisted public companies, operating with financial autonomy and a governance structure comprising a Board of Directors and a General Director. The Ministry of Finance retains authority over the VSD's charter and financial mechanisms, while the State Securities Commission oversees its regulatory compliance and business registration.
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