Vietnam Proposes Updated Rules for Online Securities Trading

Vietnam’s Ministry of Finance has proposed updated regulations for electronic stock market transactions as authorities seek to modernise the framework governing online securities trading.

The Vietnam online securities trading reforms would replace rules introduced in 2017 and later amended in 2020.

The draft circular introduces provisions covering electronic know-your-customer verification, electronic contracts, transaction authentication and API-based connectivity between securities firms and third-party providers.

It would also allow foreign investors to route orders through overseas financial institutions.

The ministry said the proposed revisions aim to strengthen cybersecurity, investor protection, data storage standards and oversight by the State Securities Commission.

The draft also clarifies the responsibilities of the Vietnam Exchange and the Vietnam Securities Depository and Clearing Corporation in maintaining secure system connectivity.

Authorities said securities firms and technology providers would be given time to upgrade systems and comply with the revised requirements as Vietnam continues modernising its capital markets infrastructure.