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.