1.0Tilleke & Gibbinshttps://www.tilleke.comErichttps://www.tilleke.com/author/eric/Vietnam’s Amended Securities Law: What You Need to Know - Tilleke & Gibbinsrich600338<blockquote class="wp-embedded-content" data-secret="WMFL7ZnLcu"><a href="https://www.tilleke.com/insights/vietnams-amended-securities-law-what-you-need-to-know">Vietnam’s Amended Securities Law: What You Need to Know</a></blockquote><iframe sandbox="allow-scripts" security="restricted" src="https://www.tilleke.com/insights/vietnams-amended-securities-law-what-you-need-to-know/embed/#?secret=WMFL7ZnLcu" width="600" height="338" title="“Vietnam’s Amended Securities Law: What You Need to Know” — Tilleke & Gibbins" data-secret="WMFL7ZnLcu" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" class="wp-embedded-content"></iframe><script type="text/javascript">
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Vietnam’s Law on Securities of 2019 was one of several laws amended (“Amended Securities Law”) under the wide-ranging Law No. 56/2024/QH15 passed by the National Assembly on November 29, 2024. The amendments came into force on January 1, 2025, with certain provisions related to professional securities investors and the eligibility criteria for public companies becoming effective on January 1, 2026. Below are some of the key points of the Amended Securities Law. Changes to Professional Securities Investors Professional securities investors (PSIs) are investors who have adequate financial capacity or securities qualifications and can participate in private placements and private funds, among other investment activities. Under the Amended Securities Law, foreign investors, including individuals and organizations, are now automatically classified as PSIs, without having to meet any requirements regarding financial capacity. This loosening of requirements is expected to attract more foreign investment. However, from January 1, 2026, individual PSIs will only