Knowledge

Knowledge

Underlying market


A. Trading fee

Service

 Fee

Stocks, fund certificates, covered warrants

Based on total transaction value per day

1. Less than VND 100 million

0.35%

2. From VND 100 million to less than VND 300 million

0.30%

3. From VND 300 million to less than VND 500 million

0.25%

4. From VND 500 million to less than VND 1 billion

0.20%

5. From VND 1 billion

0.15%

Bonds

0.1%

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

VND 0.27/share, fund certificate, covered warrant/month

3. Corporate Bonds

VND 0.18/bond/month.

Maximum VND2,000,000/1 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. Transferring 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

C. Payment fee

   

Service Fee
1. Dividend payment fee Free of charge
2. Bank transfer According to the bank fee schedule

Note: The above-stated fee is exclusive of tax and fee payable to Stock Exchanges and Vietnam Securities Depository Center 

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

VND10,000 /month on each statement type

2. Confirmation of account balance (in Vietnamese/English) or according to customer's specific request

2.1 First statement

VND50,000/statement

2.2 From two statement

VND10,000/next copy

3. Request on sending statement to the contact address registered with HSC

VND10,000 /time

4. Request on copying original documents

4.1 Transaction documents issued within 12 months 

VND50,000/document

4.2 Transaction documents issued more than 12 months 

VND100,000/document

5. Confirmation of securities blockade/release

5.1 Registration of guaranteed measures

Service fee: VND500,000/statement

5.2 Confirmation of securities blockade/release upon customer’s request

Service fee = HSC fee + VSD fee (Regulated from time to time) of which:

  1. HSC fee: VND500,000/confirmation
  2. VSD fee:

+ 0.1% of the value of blocked securities for stocks, fund certificates, covered warrants, maximum VND10 million /stock code

+ 0.01% of the value of blocked securities for corporate bonds and debt instruments as prescribed in the Law on Public Debt Management, maximum VND10 million /bond code

6. Securities ownership transfer

6.1 Securities ownership transfer Gifts/Inheritances

Service fee = HSC fee + VSD fee (Regulated from time to time) of which:

  1. HSC fee:

+ Inheritance: free of charge

+ In case HSC supports the procedure for the transferor of ownership: 0.15% of the value of ownership transfer (minimum VND100,000, maximum VND10,000,000/1 set of documents)

  1. VSD 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

(except for cases of gift or inheritance between husband and wife, between biological father, a natural mother and natural child, adoptive father, adoptive mother and adopted child, between father-in-law, mother-in-law, and daughter-in-law, between father-in-law and mother-in-law) with sons-in-law, between grandfathers, grandmothers, and grandchildren, between grandfathers, grandmothers, and grandchildren, between brothers, sisters, and brothers).

Tax: according to the law

6.2 Ownership transfer for securities centrally registered at VSD approved by the State Securities Commission.

Service fee = HSC fee + VSD fee (Regulated from time to time) of which:

  1. HSC fee:

+ In case HSC supports the transferor's procedures, 0.15% of the value of ownership transfer (minimum VND100,000, maximum VND10,000,000 /1 set of transfer documents)

  1. VSD 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: according to the law

6.3 Ownership transfer for securities due to handling of security assets which are registered and blocked at VSD

VSD 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 + VSD fee (Regulated from time to time) of which:

  1. HSC fee: VND500,000/document
  2. VSD 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 loans 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 accumulated value of collateral balance (money + value of securities at par value)/contract (maximum VND1,600,00 /contract, minimum VND100,000/contract)

Tax: according to the law

6.5 Ownership transfer for securities due to public offering

Service fee = HSC fee + VSD fee (Regulated from time to time) of which:

  1. HSC fee:

+ In case HSC supports the procedure for the offeror: Fees as agreed

 + In case HSC supports the procedure for the seller: 0.15% of the value of ownership transfer (minimum VND100,000, maximum VND10,000,000 / 1 set of documents).

  1. VSD fee: 0.03% of the value of ownership transfer

Tax: according to the law

6.6 For foreign institutional investors

Fees as agreed

Tax: according to the law

6.7 Other cases

Fees as agreed

Tax: according to the law

This fee schedule is applied only at Ho Chi Minh City Securities Company and may be changed from time to time.

E. Income tax from securities transfer

1. For domestic individuals, foreign individuals, and foreign institutional:

1.1 Stocks, bonds, fund certificates

Rate of application: 0.1% x securities transfer price each time

Stock transfer price/time = Matching selling price x Matching volume

1.2 Covered warrants (CWs)

 

Before the expiry date

At the expiry date

Transaction tax

CW sales tax = CW order execution price x CW quantity x 0.1%

Tax = Equity settlement price   *(Amount of CW/Conversion rate) *0.1%

Applies to

All CW sell transactions

Only CWs that expire with a net profit position.

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

PIT from investment

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