Hotline: +(84) 86 888 1900
Banks raise deposit interest rates
In need of raising medium and long term capital, which serves business activities at the end of the year and reduction in the ratio ...
Learn More
Franchise explosion in Vietnam
Franchise has facilitated many foreign brands to break into Vietnam. In addition to franchise industry for food, beverage or education, franchising in goods retail industry...
Learn More
6 leading economic sectors in Central region
There are 6 coastal and marine economic sectors mainly developed in the Central region, which creating positives results ...
Learn More
91.9% companies are optimistic about production activities in the last 6 months this year
FDI companies sector is witnessed a positive production volume, 91.1% of which are expected to increase or remain their volume ...
Learn More
CPTPP makes shift of Vietnam from deficit to surplus
Most signed free trade agreements (FTA) have reflected that Vietnam always run deficit trend ...
Learn More
- 28 / 07 / 2019 -
Buying shares of state-owned enterprises must deposit 10-20%

On April 11, 2019, the Ministry of Finance issued Circular No. 21/2019 / TT-BTC guiding the first-time sale of shares and the transfer of State capital according to the method of making books. This Circular takes effect June 3, 2019.
Accordingly, Article 24 of this Circular stipulates that the purchase of state shares must carry out deposits from 10% to 20%, specifically:
Public investors shall pay a deposit equal to 10% of the value of the ordered shares calculated at the opening price;
Strategic investors are responsible for paying deposits, collateral or guarantee of credit institutions, foreign bank branches with a value equal to 20% of the value of shares registered to buy, calculated at the initial price points in the equitization plan.
The payment of share purchase money shall comply with Clause 2 of this Article as follows:
Within ten (10) days from the date of publication of the result of the listing, investors complete the purchase and sale of shares and transfer the money to buy shares into the account to receive shares under the Regulations on selling shares. according to the method of making books;
Deposit is deducted from the total amount to pay for shares. In case the deposit amount is larger than the amount to be paid, the investor shall be refunded the difference within three (03) working days from the end of the investor’s term of paying the share purchase;
If the investor does not pay or pay in excess of the above-mentioned payment date for the purchase of shares, the investor must not refund the deposit amount corresponding to the stock number the part that is not paid or fined is equivalent to the deposit amount in case of using escrow or guarantee form. The number of unpaid shares is considered the number of shares not sold out and processed according to regulations.
The promulgation of Circular No. 21/2019 / TT-BTC aims to protect the maximum interests of enterprises, avoiding the situation that individuals and organizations register to buy shares, but do not submit to the payment deadline or fail to pay enough, leading to an effect on the capital mobilization of enterprises.

On June 18, 2019, the Council of Judges of the...