Tag Archives: Bach Duong Pham

3 Things About Overseas Securities Investment by Vietnamese Residents

Buying foreign securities has been for years a vague promise for most Vietnamese residents having an appetite to invest in shares and bonds issued abroad. Although legally permitted since 2006 at the legislative level, such promise remained on paper in practice due to the absence of a detailed regulatory framework. All investments in foreign securities were subject to ad hoc approvals by various governmental authorities, including the Ministry of Planning and Investment and the State Bank of Vietnam (“SBV“). This situation seems set to change when on the last day of 2015 the Government adopted Decree no. 135/2015/ND-CP on Indirect Overseas Investment (“Decree 135“) (the term used in Decree 135 is “overseas indirect investment” (“đu tu gián tiếp ra nuớc ngoài“); curiously, this term is no longer used in the new Law on Investment no. 67/2014/QH13 dated 26 November 2014) which became effective on 15 February 2016. Certain Vietnamese residents (i.e. economic organisations established and operating in Vietnam (companies, cooperatives, cooperative unions and other entities having an investment/business activity) and individuals) are now permitted to make investments in foreign securities. Here are the three most important things you should know: Continue reading 3 Things About Overseas Securities Investment by Vietnamese Residents