Finance Ministry issues rules for OTC market

The Ministry of Finance has issued a regulation on over-the-counter (OTC) stock transactions at the Hanoi Securities Trading Centre (HASTC).

Under the regulation, the minimum allowed transaction volume in unlisted shares traded through HASTC would be 10 shares or bonds, and new shares registered for their first day of transactions would be traded electronically only by negotiation method, without using a daily trading band.

Thereafter, there would continue to be no daily trading band for bonds, while shares would be able to trade within a 10 percent band.

Whether foreign investors would be allowed to participate will depend on a decision by the Prime Minister.

Other regulatory provisions regarding the OTC market are similar to those governing the listed market. For instance, investors are allowed to open a single trading account and are not allowed to buy and sell shares under the same code during the course of a single day.

VNA

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