Newsletter Aug-Sept 2010

8-October-2010
Foreign Investors who purchase shares in both securities market and non-public companies in Vietnam must comply with the regulation on the activities of foreign investors in Vietnamese stock market provided under Decision 121/2008/QD-BTC of the Ministry of Finance.

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Newsletter July 2010

10-August-2010
Pursuant to the new Law on Credit Institutions, there shall be 3 general types of banks in Vietnam, namely commercial bank, welfare bank or co-operative bank. In addition, the commercial bank is required to establish or acquire a subsidiary or affiliate to conduct the business activities such as underwriting in an issuance of securities, securities brokerage; management and distribution of securities investment fund certificates; management of securities investment portfolios; and sale and purchase of securities.

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Newsletter May-Jun 2010

29-June-2010
Each enterprise shall be granted with one enterprise code which shall concurrently serve as the business registration code and tax code of that enterprise. An enterprise code exists during the term of the enterprise holding that enterprise code and shall not be issued to any other organization or individual.

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Newsletter Mar-Apr 2010

5-May-2010
In addition to the conditions on business license, management and professional staffs, securities companies or commercial banks which want to become members of VSD must have the system connectable with the electronic communication portal of VSD and management software of registration, depository, clearing and settlement activity satisfying VSD.

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Newsletter Jan-Feb 2010

12-February-2010
Investment activities in telecommunications services business shall be subject to the Telecommunications Law and the laws on investment. The form and conditions for foreign investment as well as the ratio of capital contribution of foreign investor in telecommunications services business must be in the compliance with Vietnamese laws and international treaties to which Vietnam is a contracting party.

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