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Legal Update

Securities Decree Amendments

22 December 2010
Mayer Brown JSM Legal Update
On 2 August 2010, the Government issued Decree No. 84/2010/CP (Decree 84) amending and supplementing a number of articles of Decree No. 14/2007/ND-CP (Decree 14). Decree 14 was issued on 17 January 2007 to give detailed provisions on the implementation of the Law on Securities. Decree 84 amends and/or supplements provisions on public companies, credit institutions, fund management companies and foreign organisations issuing securities in Vietnam. Decree 84 is significant in that it better protects securities investors and opens up the possibility for offshore companies to list on Vietnam's stock exchange.

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