The Vietnam State Securities Commission published a reminder of key securities law provisions investors should understand when participating in Vietnam’s securities market, covering investor classifications, core rights and duties, and the main channels for investing and trading. The note reiterates definitions and conditions for becoming a strategic investor, including a minimum three-year cooperation commitment, and a professional securities investor based on financial capacity or securities expertise. It summarises investors’ key rights, including trading and transfer of securities, receiving economic benefits, accessing issuer and listed entity disclosures, participating in governance as shareholders, and pursuing complaints or litigation, alongside obligations to comply with trading, disclosure and anti-money laundering rules, avoid prohibited conduct such as market manipulation and insider trading, meet reporting duties (including major shareholding and insider-related disclosures), and fulfil settlement and tax or fee obligations. On market participation, it outlines direct investment on primary and secondary markets and indirect investment via entrustment to fund management companies or securities firms, including account opening and custody requirements with the Vietnam Securities Depository and Clearing Corporation (VSDC), foreign investor trading code registration and foreign ownership compliance, and operational rules such as one trading account per securities firm (subject to limited exceptions) and generally one custody account. It also flags requirements around securities lodgement before sale, off-system ownership transfers via VSDC in specific cases, sufficient funds for buy orders subject to stated exceptions, the need for a clearing margin account when central counterparty clearing is implemented, trading of open-end fund certificates via distribution and transfer agent arrangements rather than exchange listing, limits on entrusted account management for individuals (including a maximum one-year contract term and exclusion of UpCom securities), and product-specific conditions including margining and position limits in derivatives and eligibility constraints for professional individual investors trading certain privately placed corporate bonds.

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