VNE MAY ONLY MAKE OUTSIDE INVESTMENT OF ENTERPRISES IN SECURITIES AND SECURITIES MARKET
The Decree No. 59/2021/ND-CP prescribing a number of specific contents on the financial management mechanism, operational effectiveness assessment applicable to the Vietnam Exchange (VNE) and the Vietnam Securities Depository and Clearing Corporation is issued by the Government on June 18, 2021.
Accordingly, the VNE and the Vietnam Securities Depository and Clearing Corporation may only make outside investment of enterprises in securities and securities market. Form and competence of outside investment of the VNE, the Vietnam Securities Depository and Clearing Corporation shall comply with the law on management and use of state capital invested in production and business at enterprises and the Charter.
Apart from revenues from financial operations and other incomes in accordance with the Law on Management and
Use of State Capital Invested in Production and Business at Enterprises, the Vietnam Securities Depository and Clearing Corporation may account to revenue from financial operations for interest on deposits arising from the payment of dividends, principal and interest on Government debt instruments, Government-guaranteed bonds, local government bonds, other securities and performance of the right to purchase securities.
Besides, expenses for setting aside the Fund for Prevention of Professional Risks, Expenses for re-transfer of revenue from the transfer of securities ownership not via trading systems to subsidiaries of the VNE also are included when calculating taxable income for the Vietnam Securities Depository and Clearing Corporation.
This Decree takes effect on August 06, 2021.
