THE MINISTRY OF FINANCE
SOCIALIST REPUBLIC OF VIET NAM
Independence - Freedom - Happiness
Hanoi, December 12, 2003
ON PERCENTAGE OF PARTICIPATION OF FOREIGN PARTIES IN THE SECURITIES MARKET OF VIETNAM PROVIDING GUIDELINES ON DECISION 146/2003/QD-TTg OF THE PRIME MINISTER OF THE GOVERNMENT DATED 17 JULY 2003
In order to implement Decision 146/2003/QD-TTg of the Prime Minister of the Government dated 17 July 2003 on percentage of participation of foreign parties in the securities market of Vietnam, and having reached agreement with the State Securities Commission, the Ministry of Finance provides the following guidelines:
1. Applicable entities
This Circular shall apply to foreign organizations and individuals purchasing or selling shares or bonds on the centralized trading market and to foreign securities business organizations contributing capital to establish joint venture securities companies or joint venture funds management companies operating in Vietnam.
2. Interpretation of terms
In this Circular, the following terms shall be construed as follows:
2.1 Foreign organization and individual means:
(a) An organization established under foreign law;
(b) A foreign organization in an enterprise with foreign owned capital in Vietnam;
(c) A foreign individual;
(d) A Vietnamese residing overseas.
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