Exchanges, depository centre reorganised

The Ministry of Finance has issued Circular No 29/2010/TT-BTC, reorganising the nation’s two stock exchanges and the Vietnam Securities Depository Centre as single-member limited companies under the ownership of the State, with the ministry acting as the owner’s representative.
The Ministry of Finance has issued Circular No 29/2010/TT-BTC, reorganising the nation’s two stock exchanges and the Vietnam Securities Depository Centre as single-member limited companies under the ownership of the State, with the ministry acting as the owner’s representative.

The capital structure of these companies will be similar to commercial companies but under stricter requirements, e.g., certain assets such as transaction and information systems, buildings and equipments must be insured.

The management board will report to the ministry, which will decide on the mortgaging, transfer or liquidation of any assets with a value of 20 percent or more of total assets./.

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