Completing the legal framework for developing Vietnamese derivatives securities market to meet the international integration trend

Abstract

In the integration trend, Vietnam is a developing country in need of capital resources for economic growth through
the development of financial markets. Therefore, completing legal framework for derivatives securities market is a
concern. The article is based on the survey of 60 subjects including the Board of Directors, Head, Deputy of the
relevant department of some securities companies in Ho Chi Minh city to recognize the situation of applying the
legal framework of securities market in Vietnam. The results show that the current legal framework is relatively
complete but there are still some shortcomings regarding the consistency as well as timely in the amendment
and supplementation in the system of legal documents, lack of system in the npayment, clearing, as well as some
regulations on accounting, information disclosure, and monitoring regulations that do not meet practical needs.
Since then, the article proposes some solutions in the direction of building a legal framework in accordance with
international practices, improving the consistency and timeliness, perfecting the payment system for clearing,
clearing as well as regulations. information about information. This contributes to the healthy legal environment
for Vietnam’s securities market to develop to meet the trend of international integration