SSC introduces new regulation to streamline IPO, listing reviews

SSC introduces new regulation to streamline IPO, listing reviews

Once a company receives approval to offer shares to the public, the same documents will be transmitted to HoSE for review.

Investors watch market movements on a digital board inside HoSE. —nVNA/VNS Photo

The State Securities Commission of Vietnam (SSC) has introduced a new coordination mechanism designed to shorten the timeline of an initial public offering (IPO) and the listing application for shares, a move widely expected to give fresh momentum to the country’s equity market.

Under Decision 709/QĐ-UBCK, issued on September 27, the SSC and the Ho Chi Minh Stock Exchange (HoSE) will begin conducting joint reviews of IPO and listing applications. 

This reform eliminates the duplication of procedures that has often delayed the debut of newly issued shares on the trading floor. By aligning the review process, regulators aim to reduce the time companies spend in regulatory limbo after raising funds from investors.

In practice, once a company receives approval to offer shares to the public, the same documents will be transmitted to HoSE for review. The two agencies will work in parallel through technical consultations and joint requests for clarification, creating a more synchronised process.

According to the SSC, the regulation will serve as an important step in modernising Việt Nam’s securities market infrastructure. It reflects the regulator’s efforts to enhance transparency, ensure compliance and provide a more streamlined path for businesses raising capital through public offerings while preparing for official listing. 

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