Three key groups of amendments to the Securities Law
On October 10, 2025, in Hanoi, the State Securities Commission (SSC) held a conference to disseminate the content of amending and supplementing the Securities Law and documents detailing its implementation.
The conference is included in the 2025 Law propaganda and education plan of the State Securities Commission, aiming to update, propagate, and disseminate newly issued legal regulations on securities and the stock market to businesses, helping businesses grasp legal regulations, comply with, and effectively apply them in practical operations.
Speaking at the opening of the Conference, Vice Chairman of the State Securities Commission Hoang Van Thu said that at the 8th session, the 15th National Assembly passed Law No. 56/2024/QH15 to amend and supplement a number of Laws under the state management of the Ministry of Finance, including the Securities Law. The content of amending and supplementing the Securities Law in Law No. 56/2024/QH15 focuses on 03 groups of regulations:
First, amend and supplement a group of regulations to improve transparency and efficiency in securities issuance and offering activities.
Second, amend and supplement to improve regulations to strengthen supervision and strictly handle fraudulent and scams in securities issuance and offering activities, clearly defining the responsibilities of relevant organizations and individuals, ensuring effective prevention and handling of violations on the stock exchange.
Third, amend and supplement a group of regulations to remove practical obstacles, reform administrative procedures, promote the development of the stock market with the goal of upgrading and maintaining the ranking of the stock market.
The Vice Chairman of the State Securities Commission added that the Ministry of Finance has issued Circular No. 19/2025/TT-BTC dated May 5, 2025 regulating the registration of public companies, cancellation of public company status, and reporting on contributed charter capital that has been audited. The content of the circular has a new policy point, which is to help clearly define the responsibilities between relevant agencies and units, shorten the time for processing documents and create maximum convenience for businesses in the market.
The Ministry of Finance has also submitted to the Prime Minister to issue Decree No. 245/2025/ND-CP amending and supplementing a number of articles of Decree No. 155/2020/ND-CP dated December 31, 2020 detailing the implementation of a number of articles of the Securities Law.
With breakthrough policies, improving the quality of goods in the stock market, and reforming administrative procedures, Decree 245/2025/ND-CP will facilitate businesses to participate in the market, especially those who want to offer stocks publicly for the first time and link them with stock listing, while contributing to increasing the supply of goods to the market, attracting foreign investors to participate in the context of the Vietnamese stock market being upgraded - Vice Chairman of UBCKNN emphasized.
Improving the effectiveness of implementing new regulations in the stock market
The conference introduced 4 main topics, including: Overview of amended and supplemented regulations in Law No. 56/2024/QH15 and detailed documents for implementation; New regulations on securities offering and issuance; Regulations on market organization, clearing and payment for securities transactions; New regulations for public companies in Law 56/2024/QH15, Decree 245/2025/ND-CP and Circular 19/2025/TT-BTC.
The discussion session was exciting, with many comments from businesses and professional associations. The State Securities Commission has directly answered and clarified the reasons and goals of the regulations, and at the same time accepted opinions to improve policies, improve the quality of market management and supervision.
In his closing speech, Vice Chairman Hoang Van Thu highly appreciated the delegates' sense of responsibility and serious learning attitude. He suggested that units widely disseminate the content of the new regulations internally, ensuring full compliance with the law on securities and the stock market.
