No stock exchange in cash
The securities company must complete the transformation of cash transactions with customers into the form of transaction in bank account within 1 year from January 15th 2013.
Securities companies have the right to request customers to open trading accounts at commercial banks to serve the purpose of trading with the company.
Besides that, the securities company must open a bank account to manage customer transactions and separate from the company’s other accounts.
Contents defined in the Circular 210/2012/TT-BTC guiding the activities of securities companies , replace Decision 126/2008/QD-BTC and 27/2007/QD-BTC.
Circular takes effect from January 15th 2013.
Recent Posts
7 Bold Reasons Why Tokenization in Vietnam Could Transform Your Future
Change is coming. Quietly. Digitally. Rapidly. Let’s imagine the situation, which assets are no longer…
Vietnam P2P Lending: 5 Bold Reasons Why Decree 94/2025 Could Empower Millions or Backfire?
A New Financial Chapter Begins in Vietnam One person lends. Another borrows. It’s that simple.…
5 Essential Lessons from Risk Management in Digital Assets in Vietnam: Protecting Trust in a Digital World
Trust Is the Real Currency Money can be lost. Tokens can vanish. Platforms can crash.…
5 Powerful Reasons Why Vietnam Digital Asset Sandbox Is a Bold and Hopeful Move for Innovation
Change is fast. Rules are slow. But innovation can’t wait. As digital assets grow, so…
4 Critical Steps to Effectively Terminate The Employment Contracts with Confidence and Compassion
To terminate the employment contracts can be a complex and often sensitive process, especially when…
8 Insights from a Due Diligence Attorneys in Vietnam for Successful M&A Deals
Navigating the complex landscape of mergers and acquisitions (M&A) in Vietnam can be a daunting…