HÀ NỘI — The Ministry of Finance has issued Decree No 245/2025/ND-CP, introducing sweeping reforms to attract more foreign investment and accelerate Việt Nam’s upgrade to emerging market status. The decree removes long-standing barriers, aligns regulations with international standards, and seeks to make the securities market more transparent and investor-friendly. Key changes include revising the definition of “professional investors” to match global practices and simplifying documentation for foreign institutions participating in private placements and IPOs. The waiting period between listing approval and trading has been cut from 90 to 30 days, potentially reducing the timeline for bringing new securities to market by three to six months. Foreign ownership limits can no longer be restricted by company charters or shareholder meetings, allowing firms to gradually raise caps to legal ceilings. Procedures for obtaining trading codes are streamlined through an online system, eliminating physical paperwork, while banking rules for investment accounts are also eased. Additional reforms include operational flexibility for fund managers, the establishment of a central counterparty clearing system, and stricter transparency standards. Listed companies must gradually disclose information in both Vietnamese and English, improving access for foreign investors and aligning Việt Nam with international governance practices. — VNS (ICE HO CHI MINH CITY)

Fonte notizia: Vietnam News