Public companies will have to disclose information in English, starting 2025, according to a draft circular issued by the Ministry of Finance in line with a request from the State Securities Commission (SSC) of Vietnam.
Accordingly, large public and listed companies must periodically disclose information in English from January 1, 2025, and ad-hoc and at-request information in English from January 1, 2026.
Other public companies must periodically disclose information from January 1, 2027, and ad-hoc and at-request information in English from January 1, 2028.
Similarly, the Vietnam Stock Exchange and the Vietnam Securities Depository and Clearing Corporation will have to publish information in both Vietnamese and English.
In case there are differences or different interpretations between information in Vietnamese and English, the information in Vietnamese shall prevail, according to the draft circular.
Additionally, the draft circular has updated terms related to securities transactions on the securities trading system, clearing and settlement of securities transactions, and activities of securities companies.