Decision No. 189/2005/QD-TTg dated 27th July 2005 by the Prime Minister on VSD's functions of securities registration, depository, clearing, settlement and provision of supporting services in securities trading.Decision No. 171/2008/QD-TTg dated December 18, 2008 of the Prime Minister on the establishment of the Vietnam Securities Depository (VSD) on the basis of transformation and reorganization of VSD. securities to operate under the model of a State-owned one-member limited liability company in accordance with the Law on Securities; Decision No. 26/2022/QD-TTg dated December 16, 2022 of the Prime Minister on the establishment, organization and operation of Viet Nam Securities Depository and Clearing Corporation on the basis of VSD conversion . Accordingly, VSDC will inherit all rights and responsibilities of VSD in accordance with the law; exercise the rights and perform the obligations as prescribed in the Law on Securities, the Law on Enterprises, the Law on the management and use of state capital invested in production and business at enterprises and relevant provisions of law. The main functions of VSDC are as follows:

• Providing registration, depository, clearing and settlement services for securities listed, registered for trading, derivatives on stock exchanges and securities of other public companies; other trade support services as stipulated by applicable regulations and laws.
• Allocating securities codes, including securities codes registered with VSDC and international securities identification numbers (ISINs) for securities issued in Vietnam.
• Processing corporate entitlements of securities owners for issuers that are public companies and institutions whose securities are listed/registered for trading on stock exchanges.
• Providing the service of stock dividend and bond interest payment agent for issuers.
• Acting as a transfer agent and transferring ownership for securities registered with VSDC as stipulated by applicable laws and regulations.
• Providing registration, depository and transfer agent services for other securities upon agreement with issuers.
• Establishing and operating risk management mechanisms, including performance of Central Counterparty (CCP) functions, management of the Settlement Compensation Fund, Clearing fund, securities lending and borrowing system as governed by the Law and regulations on securities.
• Providing management services for assets, services for securities investment funds at investors’ requests within the scope of functions and duties of VSDC and in compliance with prevailing laws.
• Supervising members’ activities to ensure their compliance with VSD’s business guidelines for protection of securities owners’ assets.
• Managing foreign ownership of securities as regulated by applicable laws. Supporting market development by providing services of infrastructure, technique, information, training, propaganda and knowledge dissemination.
• Supporting market development by providing services of infrastructure, technique, information, training, knowledge propaganda and disseminating.

• - VSDC officially operates under the new name of  Viet Nam Securities Depository and Clearing Corporation from 02/08/2023;
• - Completing development and operation of the system for privately-placed corporate bond registration, depository and settlement from 19/07/2023;
• - Coordinating with the investor, SEs to complete the new information technology system for the market;
• - Successfully organizing the 25th Annual General Meeting of Asia-Pacific CSD Group (ACG25)

• - Participating in refining the securities market legal framework and trade-supporting business guidelines;
• - Making preparations for VSDC establishment ;
• - Launching the scheme on shortening settlement processing time for securities transactions with T+2 settlement cycle;
• - Launching the online system for guarantee measure registration of securities centrally registered at VSD
• - Coordinating with the investor, SEs to complete the new information technology system for the market;
• - Building the system for privately-placed corporate bond registration, depository and settlement;

• - Launching guarantee-measure-registering service for securities centrally registered at VSDC;
• - Officially operating issuer communication system (ICOSY) with issuers having securities registered at VSDC;
• - Officially providing service for voluntary pension funds;
• - Successfully providing the clearing and settlement service for 10-year Government Bond Futures
• Carrying out preparatory work for establishing Vietnam Securities Depository and Clearing Corporation;

• - Completing the building of terminal-base gateway system with issuers
  - Actively supporting the securities market against the impact of Covid-19 under the direction of the Government, the Ministry of Finance and SSC
  - Successfully organizing the MoU signing ceremony between VSD and Clearstream Banking S.A., Luxembourg

• - Proposing relevant contents to finalize 2019 Securities Law
  - Launching services for covered warrants
  - Clearing and settlement for Government bond futures
  - Bracing to provide services for voluntary supplementary pension funds
  - Continuing to deploy the project on “Designing, Procuring and Installing with Technology Transfer - A Complete Solution for IT System of Ho Chi Minh Stock Exchange”

• - Strenthening personnel of the Board of Directors for 2018-2022 term
  - Improving infrastructure for business operations
  - Enhancing the working space with completion of building the head office at 112 Hoang Quoc Viet

• - Successfully implementing derivatives clearing and settlement from 10th August 2017;
  - Successfully launching cash payment for Government bonds via the State Bank of Vietnam from 1st August 2017;
  - Launching the service of lending and borrowing Government bonds for sale and allowing the investors to sell the Government bonds received from executed purchase to their account on the trading day;
  - Implementing registration and depository for successfully auctioned securities of equitized enterprises from 1st March 2017;
  

• - Launching online allocation of trading code for foreign investors;
  - Settlement of share and fund certificate transactions with settlement cycle T+2;
  - Receiving Second-Grade Labour Medal;
  - 10th Year Anniversary of Operation and Introducing New Logo;
  - Successfully organizing the 18th ACG Cross Training Seminar;
  - Signing Minute of Cooperation between HNX, HSX and VSD;
  - Building the new head office at 112 Hoang Quoc Viet, Hanoi.

• - Officially adopting ISO 15022-based messages on VSD’s gateway.
  - Providing collateral management service at VSD.
  - Developing online trading code registration system for foreign investors, launching on 1st January 2016.
  - Performing tasks to adjust settlement cycle of shares, fund certificates to T+2 from 1st January 2016.

• - Completing VSD’s Development Strategy until 2020.
  - Officially launching the securities lending and borrowing system.
  - Successfully implementing the management system of exchange-traded funds (ETF).

• - Successfully developing the terminal-based gateway for connection with the Operations Centre – the State Bank of Vietnam for the handling of negotiable papers between two parties.
  - Launching ownership transfer service for securities of public companies which have not been listed or registered for trading at VSD.
  - Launching transfer agent service for open-ended funds.

• - Strengthening the organizational structure of the leadership for 2012-2015 term.
  - Officially applying the quality system according to ISO 9001:2008 Standard.
  - RShortening settlement processing time, facilitating investor to sell securities on T+3.
  - Implementing registration, depository, clearing and settlement for treasury bills.
  - Applying certificate of authorization (CA) in VSD’s business operations.

• - Upgrading VSD’s website and launching English website.
  - Signing MOU with the Depository Trust & Clearing Corporation (DTCC).
  - Receiving the Third-Grade Labour Medal of the State President.

• - Changing the mode of providing shareholder book-managing service to issuers.
  - Centrally executing and managing securities clearing and settlement operations for transactions on stock exchanges, making cross-markets clearing.
  - Officially managing ownership information at investor level.
  - Developing electric link between VSD’s system and members’ for transaction handling
  - Becoming official member of ANNA.
  - Receiving the Emulation Flag of the Government.

• - Changing business model into a wholly state-owned limited liability company.
  - Providing post-trade services for the specialized government bond market and UPCoM market.
  - Officially allocating international securities identification numbers (ISINs) for securities issued in Vietnam.
  - Signing MOU with Japan Securities Depository Center (JASDEC).
  - Signing MOU with the Society for Worldwide Interbank Financial Telecommunication (SWIFT).
  - Organizing successfully the 13rd ACG General Meeting.
  - Receiving Certificate of Merit of the Prime Minister.

• - Implementing central registration for securities of unlisted public companies in book-entry form as specified by the Securities Law.
  - Implementing central registration and depository for government bonds
  - Providing securities depository concurrent with registration service.
  - Becoming partner of the Association of National Numbering Agencies (ANNA).
  - Signing MOU with Taiwan Depository and Clearing Corporation (TDCC).
  - Receiving the Emulation Flag of the Ministry of Finance.

• - Harmonizing the business software system, unifying business processing between the Head Office and Branch.
  - Improving the mode of securities depositing, streamlining procedures and minimizing time for securities depository via issuers’ authorizing VSD to certify ownership.
  - Officially launching VSD’s website.
  - Signing bilateral cooperation minutes with the Operations Centre – the State Bank of Vietnam on provision of transferring service for government bonds to be traded on the open market.
  - Signing MOU with Thailand Securities Depository (TSD).
  - Becoming an official member of Asia-Pacific CSD Group (ACG).

• - Taking over the functions of securities registration, depository, clearing and settlement functions from Hanoi Securities Trading Centre and Hochiminh Securities Trading Centre (currently two stock exchanges) on 1st May 2006.
  - Officially launching operations on 7th July 2006.
  - Signing the first bilateral cooperation minutes with the State Treasury for payment of principal and interest for government bonds.
  - Signing Memorandum of Understanding (MOU) with Korea Securities Depository (KSD).

• The Prime Minister issued Decision No. 189/2005/QĐ-TTg on the establishment of VSD, the sole agent providing supporting services to the whole securities market. The establishment of VSD in the context that Vietnam Securities Market is developing rapidly is completely suitable with requirements from market practices and also with recommendations from international organizations as G30, IOSCO whereby each market should have an independent central securities depository.