Circular 139/2025/TT-BTC amend Circular 57/2021/TT-BTC providing the roadmap of restructuring the stock trading market, bond trading market

CIRCULAR

Amending and supplementing a number of articles of the Minister of Finance’s Circular No. 57/2021/TT-BTC dated July 12, 2021, providing the roadmap of restructuring the stock trading market, bond trading market, derivatives trading market, and trading market for other types of securities, amended and supplemented under the Minister of Finance’s Circular No. 69/2023/TT-BTC dated November 15, 2023

Pursuant to the Law on Securities No. 54/2019/QH14, as amended and supplemented under Law No. 56/2024/QH15;

Pursuant to the Government’s Decree No. 155/2020/ND-CP dated December 31, 2020, detailing the implementation of a number of articles of the Law on Securities, as amended and supplemented under Decree No. 245/2025/ND-CP dated September 11, 2025;

Pursuant to the Government’s Decree No. 29/2025/ND-CP dated February 24, 2025, defining the functions, tasks, powers, and organizational structure of the Ministry of Finance, as amended and supplemented under Decree No. 166/2025/ND-CP;

Pursuant to the Prime Minister’s Decision No. 37/2020/QD-TTg dated December 23, 2020, on establishment, organization and operation of the Vietnam Exchange;

At the proposal of the Chairperson of the State Securities Commission of Vietnam;

The Minister of Finance hereby promulgates the Circular amending and supplementing a number of articles of the Minister of Finance’s Circular No. 57/2021/TT-BTC dated July 12, 2021, providing the roadmap of restructuring the stock trading market, bond trading market, derivatives trading market, and trading market for other types of securities, amended and supplemented under the Minister of Finance’s Circular No. 69/2023/TT-BTC dated November 15, 2023.

Article 1. To amend and supplement a number of points and clauses of Article 4 of Circular No. 57/2021/TT-BTC, as amended and supplemented under Clause 2 and Clause 3, Article 1 of Circular No. 69/2023/TT-BTC

1. To amend Point dd, Clause 2, Article 1 as follows:

“dd) No later than December 31, 2026, the Ho Chi Minh Stock Exchange shall complete the receipt of stocks of listing institutions from the Hanoi Stock Exchange;”.

2. To amend Point d, Clause 3, Article 1 as follows:

“d) No later than December 31, 2026, the Hanoi Stock Exchange shall complete the transfer of stocks of listing institutions from the Hanoi Stock Exchange to the Ho Chi Minh Stock Exchange;”.

Article 2. Implementation provisions

1. This Circular shall take effect from December 30, 2025.

2. The Vietnam Exchange, the Hanoi Stock Exchange, the Ho Chi Minh Stock Exchange, listing institutions, institutions registering for trading, public companies, and other relevant organizations and individuals shall be responsible for the implementation of this Circular./.