Draft circular on securities market upgrade to be released

The Ministry of Finance will announce the final draft circular regarding upgrading Vietnam's securities market and operating the Korea Exchange (KRX) system this week.

The draft circular, which will be published on the ministry's and the State Securities Commission's websites, is formulated based on feedback from various stakeholders on amendments to four circulars concerning securities trading, registration, depository, clearing, securities company operations and information disclosure.

The Ministry of Finance has been in regular contact with securities companies, depository banks and other market stakeholders to ensure they are prepared for the new regulations. It has also actively engaged with international rating agencies and large investors to highlight the Government's commitment and specific measures being implemented.

With regard to the KRX system, the Ho Chi Minh Stock Exchange (HOSE) is working with the Hanoi Stock Exchange (HNX), the Vietnam Securities Depository and Clearing Corporation (VSDC) and contractor KRX to finalize technical infrastructure and legal documents to ensure the system's readiness for operation.