Client Guideline
Underlying market
A. Trading fee
Service
Fee
Stocks, fund certificates, covered warrants
Bonds
0.1% (*)
(*) Includes fees paid to the Stock Exchange.
For detailed information, please contact your Account Manager.
Note: Service prices payable to the Stock Exchange are subject to VAT according to regulations.
B. Depository Fees
Service
Fee
1. Stocks of unlisted public companies, registered for trading on the Stock Exchange
Free of charge
2. Stocks, fund certificates, covered warrants
3. Corporate Bonds
VND 0.18/bond/month
Maximum VND 2,000,000/1 bond code/month
4. Debt instrument depository fee under the Law on Public Debt Management (Government bond)
VND 0.14/bond code/month
Maximum: VND 1,400,000 VND/bond code/month
5. Transfer of securities (partial, full balance, final settlement)
VND 0.3/time/stock code
Maximum: VND 300,000/time/stock code
Minimum: VND 50,000/1 set of documents
Note: These fees include fees and taxes payable to the Vietnam Securities Depository and Clearing Corporation (VSDC).
C. Payment fee
D. Other service fees
Service
Fee
1. Detailed Client statement
1.1 Within 12 months to present
Free of charge
1.2 Above 12 months to present
2. Confirmation of account balance (in Vietnamese/English) or according to customer's specific request
2.1 First statement
2.2 From two statement
VND11,000/each additional copy
3. Request on sending statement to the contact address registered with HSC
VND11,000 /time
4. Request on copying original documents
4.1 Transaction documents issued within 12 months
4.2 Transaction documents issued more than 12 months
VND110,000/document
5. Confirmation of securities blockade/release
5.1 Registration of guaranteed measures
Service fee: VND550,000/statement
5.2 Confirmation of securities blockade/release upon customer’s request
Service fee = HSC fee + VSDC fee (Regulated from time to time) of which:
HSC fee: VND550,000/confirmation
VSDC fee:
+ 0.11% of the value of blocked securities for stocks, fund certificates, covered warrants, maximum VND11 million per stock code
+ 0.011% of the value of blocked securities for corporate bonds and debt instruments as prescribed in the Law on Public Debt Management, maximum VND11 million per bond code
6. Securities ownership transfer
6.1 Securities ownership transfer Gifts/Inheritances
Service fee = HSC fee + VSDC fee (Regulated from time to time) of which:
HSC fee:
+ Inheritance: free of charge
+ If HSC supports the procedure for the transferor of ownership: 0.15% of the value of the ownership transfer (minimum VND100,000, maximum VND10,000,000/1 set of documents)
VSDC fee
+ 0.1% of the value of ownership transfer for stocks, fund certificates, covered warrants
+ 0.005% of the value of ownership transfer for corporate bonds and debt instruments as prescribed in the Law on Public Debt Management
(Exceptions: Exempted from VSDC fees in cases of transfers between spouses, biological/adoptive parents and children, between father-in-law, mother-in-law, and daughter-in-law, between father-in-law and mother-in-law) with sons-in-law, grandparents and grandchildren, siblings).
Tax: as per current regulations
6.2 Ownership transfer for securities centrally registered at VSD approved by the State Securities Commission
Service fee = HSC fee + VSDC fee (Regulated from time to time) of which:
HSC fee:
+ If HSC supports the transferor's procedures, 0.15% of the value of the ownership transfer (minimum VND100,000, maximum VND10,000,000 /1 set of transfer documents)
VSDC fee:
+ 0.1% of the value of ownership transfer for stocks, fund certificates, warrants
+ 0.005% of the value of ownership transfer for corporate bonds and debt instruments as prescribed in the Law on Public Debt Management
Tax: as per current regulations
6.3 Ownership transfer for securities due to handling of security assets which are registered and blocked at VSD
VSDC fee:
+ 0.02% of the value of ownership transfer for stocks, fund certificates, warranties
+ 0.005% of the value of ownership transfer for corporate bonds and debt instruments as prescribed in the Law on Public Debt Management
6.4 Securities lending and borrowing services
Service fee = HSC fee + VSDC fee (Regulated from time to time) of which:
HSC fee: VND500,000/document
VSDC fee:
+ 0.027% of the loan value at the date of signing the loan contract for stocks, investment fund certificates, ETF certificates, covered warrants, minimum VND500,000 for loan payment assistance
+ 0.0054% of the loan value for corporate bonds, at least VND500,000 for payment support loans
+ 0.0042% of the loan value for debt instruments according to the Law on Public Debt Management, at least VND500,000 for payment support loans
+ 0.0024% of the accumulated value of collateral balance (money + value of securities at par value)/contract (maximum VND1,600,00 /contract, minimum VND100,000/contract)
Tax: as per current regulations
6.5 Ownership transfer for securities due to public offering
Service fee = HSC fee + VSDC fee (Regulated from time to time) of which:
HSC fee:
+ If HSC supports the procedure for the offeror: Fee subject to agreement
+ If HSC supports the procedure for the seller: 0.15% of the value of the ownership transfer (minimum VND100,000, maximum VND10,000,000 / 1 set of documents)
VSDC fee: 0.03% of ownership transfer value
Tax: as per current regulations
Tax: as per current regulations
6.7 For foreign institutional investors
Fee subject to agreement
Tax: as per current regulations
6.8 Other cases
Fee subject to agreement
Tax: as per current regulations
This fee schedule is applicable only at Ho Chi Minh City Securities Corporation (HSC) and is subject to change from time to time.
E. Income tax from securities transfer
1. For domestic individuals, foreign individuals, and foreign institutions:
1.1 Stocks, bonds, fund certificates
Rate of application: 0.1% x securities transfer price per transaction
Securities transfer price per transaction = Matched selling price x Matched volume
1.2 Covered warrants (CWs)
Before the expiry date
At the expiry date
Transaction tax
Applies to
All CW sell transactions
For example
The investor has 1,000 CVNM1905, a conversion ratio of 5:1, the exercise price of VND150,000
Investor sells CW at VND 2,000/CW and earns VND2,000,000.
Tax payable on CW sell transaction:
Tax = 2,000 x 1,000 x 0.1% = VND2,000
Investor hold to expiry date. If the current share price is VND160,000/share, the CW expires with a net profit position. Investor receive VND2,000,000 net profit and must pay tax:
Tax = 160,000 x (1,000/5) x 0.1% = VND32,000
2. For domestic institutional:
Apply corporate income tax
F. Personal income tax from receiving dividends in shares, bonus shares
1. Subjects of application: individuals receive dividends in securities; existing shareholders receive dividend payments by securities and stocks with the record date from December 5, 2020.
2. Time to declare and pay PIT: when the Investor sells (transfers) same types of shares until comprehensively collects tax arising from dividends or receives a bonus by shares.
3. Tax calculation: PIT payable = Taxable income x 5% tax rate
By which:
Taxable income = Number of shares subjected to tax x Taxable price
Number of shares subjected to tax: prioritize calculating the amount of shares received from dividends or bonuses.
Taxable price:
If Selling Price (transfer price) ≥ Par value: Taxable price = Par value
If Selling price (transfer price) < Par value: Taxable price = Selling price (transfer price)
4. Reference examples:
Before receiving dividends in stocks and bonus shares, Investor A has 5,000 shares of ABC in his account.
After that, Investor A receives the distribution of dividend rights in shares: 4,000 shares of ABC and the allocation of bonus stock rights: 2,000 shares of ABC.
In total, Investor A has 11,000 shares of ABC in his account, including 6,000 shares subjected to capital investment tax. When Investor A sells ABC shares, the tax on income from capital investment and transfer tax on shares will be calculated as follows:
Investor sells (transfers shares)
Amount of shares to subjected to capital investment tax at the beginning of the period
Investor sells (transfers shares)
PIT from transfers shares
Amount of CP to bear residual capital investment tax
1st time
4,000 shares price VND11,000 (Selling price > par value)
6,000 shares
(4,000 x 10,000) x5%= VND2,000,000
(4,000 x 11,000) x 0.1% = VND44,000
6,000 – 4,000
= 2,000 CP
2nd time
2,000 shares for VND8,000 (Selling price < par value)
2,000 shares
(2,000 x 8,000) x5% = VND800,000
(2,000 x 8,000) x 0.1% = VND16,000
2,000 – 2,000 = 0 CP
3rd time
5,000 shares price VND12,000
0
0 đ
(5,000 x 12,000) x 0.1% = VND60,000
0 CP