| PRIME MINISTER OF GOVERNMENT | SOCIALIST REPUBLIC OF VIET NAM |
| No: 146/2003/QD-TTg | Hanoi, July 17, 2003 |
DECISION
ON FOREIGN PARTIES' PARTICIPATION RATES IN VIETNAM'S SECURITIES MARKET
THE PRIME MINISTER
Pursuant to the December 25, 2001 Law on Organization of the Government;
Pursuant to the Government's Decree No. 48/1998/ND-CP of July 11, 1998 on securities and securities market;
Pursuant to the Government's Decree No. 64/2002/ND-CP of June 19, 2002 transforming State enterprises into joint-stock companies;
Pursuant to the Prime Minister's Decision No. 36/2003/QD-TTg of March 11, 2003 promulgating the Regulation on contribution of capital to, and purchase of equities from, Vietnamese enterprises by foreign investors;
At the proposal of the Chairman of the State Securities Commission,
DECIDES:
Article 1.- Foreign organizations and individuals, that purchase and/or sell stocks on Vietnam's securities market, may hold at most 30% of the total number of listed stocks of an issuing organization.
Article 2.- The percentage of capital contribution of a foreign securities-trading organization to a joint-venture securities company or a joint-venture fund management company shall be at most 49% of the charter capital.
Article 3.- Foreign organizations and individuals may hold an unlimited percentage of bonds circulated on Vietnam's securities market.
...
...
...
Article 5.- The ministers, the heads of the ministerial-level agencies, the heads of the agencies attached to the Government and the presidents of the People's Committees of the provinces and centrally-run cities shall have to implement this Decision.
PRIME MINISTER
Phan Van Khai
- 1 Law No. 32/2001/QH10 of December 25, 2001 on organization of the Government
- 2 Decree No. 64/2002/ND-CP of June 19, 2002, on the transformation of state enterprises into joint-stock companies
- 3 Decree of Government No.48/1998/ND-CP of July 11, 1998 on securities and securities market
- 4 Decision No. 36/2003/QD-TTg of March 11, 2003, promulgating the regulation on contribution of capital to, and purchase of equities from, Vietnamese enterprises by foreign investors
- 1 Circular No.90/2005/TT-BTC, promulgated by the Ministry of Finance, guidling the implementation of the Decision No. 238/2005/QD-TTG of Prime Minister dated 29 September 2005 on the percentage of participation of foreign parties in Vietnam securities market.
- 2 Decision No. 51/2004/QD-TTg of March 31, 2004 promulgating The Government''s Action Program for implementation of the resolution of The 9th plenum of the party central committee, the IXth congress
- 1 Circular No.90/2005/TT-BTC, promulgated by the Ministry of Finance, guidling the implementation of the Decision No. 238/2005/QD-TTG of Prime Minister dated 29 September 2005 on the percentage of participation of foreign parties in Vietnam securities market.
- 2 Decision No. 51/2004/QD-TTg of March 31, 2004 promulgating The Government''s Action Program for implementation of the resolution of The 9th plenum of the party central committee, the IXth congress
- 3 Decision No. 36/2003/QD-TTg of March 11, 2003, promulgating the regulation on contribution of capital to, and purchase of equities from, Vietnamese enterprises by foreign investors
- 4 Decree No. 64/2002/ND-CP of June 19, 2002, on the transformation of state enterprises into joint-stock companies
- 5 Law No. 32/2001/QH10 of December 25, 2001 on organization of the Government
- 6 Decree of Government No.48/1998/ND-CP of July 11, 1998 on securities and securities market