The Vietnam State Securities Commission has published draft guidance for consultation on converting paper securities practice certificates into electronic certificates. The measure implements the digital licensing framework established under Decree No. 245/2025 and Ministry of Finance Circular No. 135/2025, advancing the regulator’s previously outlined shift away from paper based practitioner licensing. The consultation is directed at organizations employing securities practitioners and individuals holding securities practice certificates. The notice provides no further detail on the conversion process or implementation timetable.