16 October 2007
On 18 April 2007, the Ministry of Finance issued Circular No. 38/2007/TT-BTC guiding the Publication of information in the Securities Market ("Circular 38") which became valid on 13 August 2007.
According to Circular 38, public companies or organisations making a public issue of securities (the "issuing organisations"), listing securities organisations (the "listing organisations"), securities companies, securities investment fund management companies, securities investment companies and relevant individuals have to publicise periodical information relating to their yearly financial statement within 10 days from the date on which the yearly financial report was audited and unusual information within twenty-four (24) hours or seventy-two (72) hours from the occurrence of any of the following events: companies' account is frozen by the bank, cessation of business activities, decisions of the Board of Management of the companies on redemption of their stocks or reselling those which were bought, or receiving the notice from the court for handling the application for company bankruptcy, etc via an annual report, electronic information, website and other publications of the companies. Information announcements have to be both in writing and by electronic data.
The stock exchange and the securities trading centre have to announce information relating to:
- Exchange of securities at the securities exchange, the securities trading centre, that relate to the information of the exchange time and exchange day;
- Information regarding listing securities organisations at the securities exchange, the securities trading centre; information regarding the securities companies that are members of the stock exchange and the securities trading centre; investment fund management companies, public securities investment companies; public fund; public securities investment companies; and
- Information on supervising the operation of securities market.
All publication information in the securities market must be in writing and by electronic data. Author:
Thanh NguyenFor further information, please contact:
Name: Dao Nguyen
Phone: +84 4 822 8860
Fax: +84 4 822 8864