The Vietnam State Securities Commission has issued a coordination framework under which its specialist units and the Ho Chi Minh Stock Exchange will review an issuer’s initial public offering (IPO) registration dossier in parallel with the stock listing registration dossier, with the aim of shortening the time for shares to be admitted to trading after an IPO. The framework implements Article 111a of Decree 155/2020/ND-CP as amended by Decree 245/2025/ND-CP. Under the coordinated process, the State Securities Commission and the exchange will review previously submitted materials including financial statements, reports on paid-in charter capital, the company charter and related documents, and will coordinate via written exchanges and technical meetings, sharing information on requests for amendments, supplementation, explanations or refusals. After the State Securities Commission grants the IPO registration certificate, the prospectus and certificate will be transmitted to the exchange to continue the listing review process.
Vietnam State Securities Commission 2025-09-29
Vietnam State Securities Commission issues coordination rules for simultaneous IPO and stock listing review
The Vietnam State Securities Commission has introduced a coordination framework with the Ho Chi Minh Stock Exchange to streamline the review of IPO and stock listing registration dossiers, aiming to expedite share trading post-IPO. This framework, implementing Article 111a of Decree 155/2020/ND-CP as amended by Decree 245/2025/ND-CP, involves parallel reviews and coordinated exchanges of financial and charter documents.