On February 20, 2024, the Ministry of Finance issued Decision No. 270 on the resignation of Mr. Duong Van Thanh - Member of the Board of Members, General Director of Vietnam Securities Depository and Clearing Corporation (VSDC).
At the same time, the Ministry of Finance also issued Decision No. 269 on the resignation of Mr. Pham Trung Minh - Member of the Board of Members of Vietnam Securities Depository and Clearing Corporation from the position of enterprise manager from February 20, 2024 for personal reasons.
VSDC Board of Members consists of 3 members, including Mr. Nguyen Son, Head of Board of Members; Mr. Duong Van Thanh and Pham Trung Minh are members of the board.
Board of Members of Vietnam Securities Depository and Clearing Corporation (Source: VSDC).
Mr. Duong Van Thanh was appointed as General Director of VSDC since December 2012. Meanwhile, Mr. Pham Trung Minh was appointed as a member of the board of members since 2018.
VSDC was established at the end of 2022, on the basis of converting the Vietnam Securities Depository Center; is a state-owned enterprise organized and managed in the form of a single-member limited liability company with 100% of charter capital held by the State.
According to the establishment decision, VSDC's charter capital is VND 1,000 billion, determined by the equity of the Vietnam Securities Depository Center according to the audited financial statements at the time before the date VSDC was granted the business registration certificate.
VSDC has the function of organizing the implementation of securities registration, depository, clearing and payment; supervising the activities of registration, depository, clearing and payment of securities transactions on the securities market according to the provisions of the law on securities; other functions and tasks according to the provisions of law.
Provide information related to the ownership of securities by securities owners in public companies and issuing organizations at the request of such public companies, issuing organizations and competent authorities as prescribed by law.
Supervise the registration, depository, clearing and payment of securities transactions; supervise the ownership ratio of foreign investors according to the provisions of the law on securities and the securities market; supervise the compliance with the obligations of VSDC members… .
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