VBMA presented members' feedbacks on the draft law amending and supplementing the Securities Law
09/09/2024
On the morning of September 9, 2024, in Hanoi, representatives of the Vietnam Bond Market Association (VBMA) participated in a meeting of the Council for Appraisal of the draft Law amending and supplementing several articles of the Securities Law, the Accounting Law, the Independent Audit Law, the State Budget Law, the Law on Management and Use of Public Assets, the Tax Management Law, and the National Reserve Law. The meeting was organized by the Ministry of Justice.
In late August and early September, VBMA gathered feedbacks and held discussions with members regarding this draft law, focusing particularly on the amendments and supplements to the Securities Law.
During the meeting on the morning of September 9, VBMA representatives presented several key comments and proposals related to regulations on the responsibilities of underwriters and auditing firms; the criteria for professional securities investors as companies and individuals; the entities eligible to purchase, trade, and transfer privately-placed corporate bonds; the requirements for collateral when issuing public corporate bonds.
Following the meeting, VBMA will send an official letter to state agencies, providing a comprehensive and detailed account of the feedbacks from members regarding the amendments and supplements to certain articles of the Securities Law.