THE MINISTRY OF FINANCE
-------
SOCIALIST REPUBLIC OF VIET NAM
Independence - Freedom - Happiness
----------
No.: 90/2005/TT-BTC
Hanoi, October 17, 2005
 CIRCULAR
GUIDLING THE IMPLEMENTATION OF THE DECISION NO. 238/2005/QD-TTG OF PRIME MINISTER DATED 29 SEPTEMBER 2005 ON THE PERCENTAGE OF PARTICIPATION OF FOREIGN PARTIES IN VIETNAM SECURITIES MARKET
Pursuant to the Decree No. 77/2003/ND-CP of the Government dated 1 July 2003 providing the functions, tasks, power and organizational structure of the Ministry of Finance;
Pursuant to the  Decision No. 238/2005/QD-TTg of Prime Minister dated 29 September 2005 on the percentage of participation of foreign parties in Vietnam securities market;
The Ministry of Finance provides guidelines for implementation of the Decision No. 238/2005/QD-TTg of Prime Minister dated 29 September 2005 as follows:
I. GENERAL PROVISION
1. Applicable entities
- Foreign organizations and individuals purchasing or selling shares or bonds listed, registered for trading in the Securities Trading Centers, including entrusting to securities companies, fund management companies.
- Foreign securities trading organizations making capital contribution, purchasing shares or making capital contribution to a joint venture for establishment of a securities company or a securities investment fund management company.
2. Interpretation of terms
In this Circular, following terms shall be construed as follow:
2.1 Foreign organization and individual means:
(a) An organization established under foreign law;
(b) A foreign organization in a joint venture enterprise; 100% foreign invested enterprise established in Vietnam;
(c) A foreign investment fund;
(d) A foreign individual;
(e) A Vietnamese residing overseas
As part of an overall expansion plan and in order to better serve our clients worldwide, our company headquarters relocated to Tucson, Arizona with Michelle Birch directly overseeing the new main office location in Arizona. We continue to offer the same quality evaluation and translation services to clients all over the United States and abroad.

Click Download to see full text